Resolution: G&T bank ordered to release Bosch and Villamorey records

On December 7, 2022, the Public Prosecutor’s Office of Panama, through the Fifth Section for Economic Crimes, issued a resolution in the criminal investigation concerning alleged fraud against Lisa, S.A. The resolution responds to a request by Lisa’s legal counsel, who identified G&T Continental bank as holding financial information relevant to the investigation. The Prosecutor authorized the request, stating the information is critical to clarifying the nature and scale of the alleged economic crimes.

The resolution orders G&T Continental to disclose whether Juan Luis Bosch Gutiérrez and Villamorey, S.A. hold or have held any bank products—including accounts, loans, credit cards, or trusts—from December 2018 to the present. It also mandates the bank to provide full transaction histories, especially international transfers (Swift instructions). The purpose is to gather sufficient evidence to identify and individualize those responsible for withholding millions in dividends owed to Lisa, S.A.