Friday 27 January 2023

TSE orders to lift banking secrecy of five financiers of Rodrigo Chaves

Paying the bills

Latest

“The Brothers” Revisited

First I want to thank Ricoopinion of Q Costa...

Costa Rica activates advertising campaign in New York, Chicago and Toronto

QCOSTARICA - The millions of vehicle passengers and passersby...

Costa Rica in 2022 recovered 75% of tourists who visited the country prior to the pandemic

QCOSTARICA - Costa Rica closed the year 2022 with...

Costa Rica to normalize consular relations with Venezuela

QCOSTARICA - The government of Rodrigo Chaves will start...

Why do you have to be at airport 3 hours before?

QCOSTARICA - Two hours for a domestic flight and...

In Costa Rica: dollar collapses and prices remain high?

QCOSTARICA - The dollar exchange has fallen ¢32 colones...

Unemployment and cost of living are the main challenges in 2023

QCOSTARICA - The only way to alleviate the rise...

Dollar Exchange

¢556.75 Buy

¢563.87 Sell

27 January 2023 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – In a resolution this Wednesday, the Tribunal Supremo de Elecciones (TSE) – elections tribunal – ordered to lift the banking secrecy of at least five financiers of the campaign of Partido Progreso Social Democratico (PPSD) candidate, Rodrigo Chaves.

TSE orders the delivery of accounts of the trust that financed Rodrigo Chaves

Being an ongoing investigation, it is not possible to know the name of the people. However, the case is related to the alleged creation of a parallel financing structure that involves a trust to raise thousands of dollars to finance Chaves’ proselytizing efforts to reach the presidency.

In this case, the complaint was made by Adriana Brenes, secretary of the PPSD.

- Advertisement -

The opening of accounts was requested by the Department of Financing of Political Parties, forcing banks to deliver the information to the Tribunal.

The formation of an illegal financing structure for the political campaign could be punished with a prison sentence that ranges between two and six years for offenders, according to the Electoral Code.

The sanction aims to prevent the creation of parallel structures outside the law and thus stop companies and foreigners from financing election campaigns, or worse, funds from illicit activities.

At the moment it is clear that the trust did not report, as required, to the TSE before October, which is when the official starting signal for the elections.

The emerging party, the PPSD, considered the trust – in a press release on March 9 – as private and therefore legal activity.

“Rodrigo Chaves’ candidacy was ratified on September 19, 2021. Before that date, the Costa Rica Prospera trust operated as a private activity, not regulated by the electoral code. That is an initiative of a group of citizens not prohibited by law. (…) The trust was dissolved on September 18, 2021, one day before Rodrigo was elected as a candidate. As of that day, the trust only liquidated the contracts in progress and returned the remainder to its donors on October 8, 2021. Nothing is hidden in the trust,” said Arnoldo André, representative of the campaign, in the press release.

- Advertisement -
Paying the bills
Avatar photo
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

President Chaves announced in coming days he will present a plan to stop the wave of violence in Costa Rica

QCOSTARICA - While in Switzerland, Costa Rican president Rodrigo Chaves, told...

Government will take measures against the drop in the dollar exchange rate

QCOSTARICA - Given the behavior of the dollar exchange rate, Costa...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.