Wednesday, 30 September 2020

President of Aldesa, Javier Chaves, is released but unable to leave the country

Charges with six crimes must, in addition of not being able to leave Costa Rica, sign in every two months, and not approach the four complainants in the case, according to order of the Criminal Court of Goicoechea in San Jose

Signing every two months, impeded from leaving the country and not approach the four complainants are the measures imposed by the Criminal Court of Goicoechea in San Jose against Javier Chaves, president of Aldesa.

Jorge Chaves leaving the Goicoechea court house at 3:50 pm Tuesday, after spending Monday night in jail. Photo Jeffrey Zamora / La Nacion

Chaves, who was arrested Monday afternoon during a raid of the Aldesa offices for six crimes, including major fraud against some 500 investors, was released Tuesday afternoon after spending the night in the court jail cells.

If the businessman fails to comply with the court order, he is exposed to the imposition of more burdensome measures, including pre-trial detention.

- paying the bills -

“At this point in the investigation, in the initial phase, these measures were predictable, so there has also been a lot of pressure on social networks and media; nevertheless, we consider them unnecessary because don Javier has always said that he will not leave the country and will not avoid justice,” said Francisco Campos, Chaves’ lawyer, who is also the husband of the Fiscal General (Attorney General), Emilia Navas.

Campos said that the people whom the president of Aldesa can not approach, according to the order of the judge, are three individuals (investors who filed a criminal complaint) and a representative of the Solidarity Association (Union) of the Datsun Agency.

The lawyer insisted that, as his client has said, “the lack of liquidity is temporary because there are assets that are going to cover all of the amounts (owed).”

The criminal case, file number 19-157-1220-PE, is related to the suspension of payments to some 500 investors who invested in Aldesa nearly US$200 million.

According to the case file, three major events caused Aldesa’s liquidity problems: the call of a US$4.5 million dollar loan by the Banco Prival, the non-payment of US$26 million dollars by the Rock Constructions company related to the Malaga City project in Alajuelita, and the failed closing of a warehousing project in El Coyol de Alajuela development for US$9 million dollars.

- paying the bills -

In March, Aldesa sought the protection of the bankruptcy court in San Jose, presenting a 3-year plan that included liquidating its real estate projects while keeping at bay payments to investors. The plan was rejected by the court.

The prosecutor’s office has requested Chaves be held in pre-trial detention (remand), fearing that he would leave the country to avoid justice. The fear is founded in that his wife, Edna Camacho, the current minister and coordinator of the government’s Economic Sector, who on June 5 presented her resignation to assume, as of July 1, the representation of Costa Rica before the Inter-American Development Bank (IDB), in Washington, D.C.

 

 

 

Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Finance Minister: “I Forgot” to tell the president that the new deouty minister faces criminal charges

(QCOSTARICA) The new Minister of Finance, Elián Villegas, says "he forgot"...

Bolivia Interim president bars Morales from new elections

Bolivia's interim president said on Thursday the country's former leader, Evo...

MOST READ

Allion Bonilla case: femur of missing girl found at dump site

(QCOSTARICA) Though it has yet to be confirmed through forensic analysis, the Organismo de Investigacion Judicial (OIJ) located a femur and a piece of...

Nicaragua: Daniel Ortega Seeks New “Gag Law”, Prescribing Fines and Jail

TODAY NICARAGUA – In an escalation of their fight to silence critical voices, the Ortega regime now targets the opposition and independent media. The...

Brazil: Rio postpones Carnival over coronavirus

(Q24N) Rio de Janeiro's world-famous Carnival parade will not take place in February 2021 due to the coronavirus pandemic, officials announced Thursday. "We came to...

Costa Rica ranked 13th in best countries for gender equality

(QCOSTARICA) First published in 2006 by the World Economic Forum, the Global Gender Gap Index measures gender equality in 153 countries by tracking and ranking...

Reduction in electricity rates could be around the corner

(QCOSTARICA) The possibility of a significant reduction in electricity rates in the coming weeks increases due to key aspects, mainly due to the Instituto...

Five Reasons Why Athletes Love Escaping to Costa Rica

Costa Rica is a Caribbean paradise like few others. Nearly 3 million visitors a year flock to the Pura Vida nation for some of...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.