Criminal Case Against Bosch and Villamorey for Fraud and Economic Crimes
Summary
Lisa, S.A. filed a criminal complaint in Panama against Juan Luis Bosch Gutiérrez and Villamorey, S.A., accusing them of serious economic crimes including fraud, embezzlement, and falsification of documents. The complaint alleges that over $40 million in dividends owed to Lisa were unlawfully retained and possibly diverted by Bosch for personal or third-party benefit.
The Public Prosecutor accepted the complaint, formally opened criminal case 202200053278, and launched an investigation that includes orders for disclosure of banking and corporate records from financial institutions, and a coordinated review of Bosch’s compliance in parallel civil proceedings.
Timeline
Lisa filed criminal complaint for fraud and falsification
Lisa, S.A. files a criminal complaint for fraud, embezzlement, and falsification of records.
Prosecutor ordered bank probe of Bosch and Villamorey
The Prosecutor orders financial institutions to disclose all banking records of Bosch and Villamorey.
Prosecutor admitted Lisa’s complaint against Bosch
Prosecutors formally accept Lisa’s criminal complaint over $40M in withheld dividends.
G&T bank ordered to release Bosch and Villamorey records
Prosecutors order G&T Continental to release all financial data on Bosch and Villamorey since 2018.
Prosecutor requested inspection in Lisa’s accounting case
Prosecutors request court access to verify Bosch’s compliance in Lisa’s accounting lawsuit.