Criminal Complaint

On July 27, 2022, Lisa, S.A. submitted a criminal complaint to the Public Ministry of Panama against Villamorey, S.A., its legal representative Ramiro López Nimatuj, and administrator Juan Luis Bosch Gutiérrez. Lisa alleges that Bosch retained millions of dollars in dividends owed to the company, violated judicial deposit obligations, and concealed or destroyed accounting records. The complaint cites multiple criminal offenses under Titles VI (Economic Crimes), VII (Offenses Against the Economic Order), and XI (Offenses Against Public Faith) of Panama’s Criminal Code, estimating damages of at least $40 million arising from fraudulent and deliberate misconduct.

The filing argues that Villamorey withheld financial statements, diverted corporate gains, manipulated or concealed books, and refused to render accounts despite court orders such as the enforceable Order No. 2277-2018, which recognized Lisa’s right to excess dividends. Lisa seeks forensic audits, access to financial records, confirmation of the destination of diverted funds, and all investigative measures necessary to prosecute Villamorey and Bosch. It requests full criminal liability, compensation for damages and losses, and recognition of Lisa as a victim under Panamanian procedural law.