Motion: Lisa requested seizure of funds held by Bosch

On October 22, 2024, Lisa, S.A. submitted a formal request to the Anticorruption Prosecutor’s Office seeking the provisional seizure of funds held by Juan Luis Bosch Gutiérrez in his capacity as judicial depositary. Lisa invoked Article 253 of Panama’s Criminal Procedure Code, which allows for precautionary measures to prevent the disappearance of funds relevant to a criminal investigation. The request follows the finding in Auto No. 2277-2018, which determined that Bosch had retained amounts that exceeded any judgment owed to Villamorey and was therefore obligated to return the excess to Lisa.

Lisa further alleges that Bosch, while continuing to withhold the funds, allowed Villamorey, S.A. to unlawfully increase its share capital in 2022—without proper shareholder approval—thereby diluting Lisa’s ownership and concealing the retained assets. The motion details numerous violations of corporate law and judicial orders, and accuses Bosch and Villamorey of intentionally obstructing justice. Lisa asks the prosecutor to order that the seized funds be transferred either to the relevant financial authority or to the Public Ministry’s custody account at the National Bank of Panama.