Criminal Complaint: Lisa filed criminal complaint for fraud and falsification

On July 27, 2022, Lisa, S.A. filed a formal criminal complaint before the Public Prosecutor’s Office in Panama against Juan Luis Bosch Gutiérrez, Villamorey, S.A., and any other individuals involved. The complaint accuses Bosch—then president and legal representative of Villamorey—of committing serious economic crimes including aggravated fraud, concealment of financial records, and falsification of documents. Lisa, S.A. alleges that Bosch unlawfully retained over $40 million in dividends owed to it and diverted those funds for personal or third-party benefit.

The complaint further asserts that Villamorey, S.A. deliberately withheld accounting books, financial statements, and other corporate records, blocking Lisa, S.A. from exercising its rights as a 33.3% shareholder. This long-standing misconduct, according to Lisa, constitutes criminal violations under Titles VI, VII, and XI of Panama’s Penal Code. The company seeks a full investigation, a forensic audit, seizure of corporate records, and the conviction of all individuals responsible.