Motion: BDT requested GTC Bank to disclose $19M account

On May 28, 2025, BDT Investments Inc., through attorney Carlos de Icaza, filed a motion before the Twelfth Civil Court of Panama requesting the issuance of a rogatory letter to Guatemala. The letter would ask Guatemalan judicial authorities to compel GTC Bank to provide detailed, certified information on all bank accounts held by Villamorey, S.A. This includes the current balance, opening date, conditions, and any transactions involving the $19 million previously subject to embargo.

BDT cites Article 2 of the Inter-American Convention on Letters Rogatory as the legal basis for the request, arguing that the information is crucial to enforce the settlement agreement approved by Auto No. 898 of April 12, 2022. That order lifted the embargo established under Auto No. 1838 and confirmed BDT’s right to the funds Villamorey held in GTC Bank on behalf of Lisa, S.A. The motion emphasizes that GTC must confirm whether the funds were withdrawn, transferred, or remain immobilized, along with the names of any beneficiaries.