Criminal Case Against Bosch for Embezzlement of Retained Dividends
Criminal Case Against Bosch for Embezzlement of Retained Dividends
Summary
This criminal case arises from a complaint filed by Lisa, S.A. against Juan Luis Bosch Gutiérrez for embezzling at least $70 million in judicially retained dividends. Lisa accuses Bosch of misusing his role as judicial depositary and legal representative of Villamorey, S.A. to divert shareholder funds for personal or third-party benefit.
As the investigation progressed, BDT Investments Inc.—which succeeded Lisa as shareholder—confirmed that over $120 million remained unreturned. The Public Prosecutor admitted the case, ordered discovery measures, and rejected Bosch’s attempts to dismiss the charges. Bosch has since been formally notified of the criminal complaint, declined to testify, and is under investigation for crimes against public administration.
Timeline
Filed criminal complaint over $70M in withheld dividends
Lisa, S.A. files criminal complaint against Juan Luis Bosch Gutiérrez for embezzling $70M while acting as judicial depositary.
Requested update on Bosch's role as judicial depositary
Prosecutor requests confirmation of Bosch’s designation, duties, and performance as depositary in case 7081-08.
Requested full civil case file in embezzlement probe
Prosecutor requests certified copy of civil case 7081-08 as part of embezzlement probe involving Lisa, S.A.
Ordered Bosch to appear before prosecutor
Juan Luis Bosch Gutiérrez is summoned to appear on June 22, 2023 in the embezzlement case filed by Lisa, S.A.
Admitted Lisa’s embezzlement complaint against Bosch
Anticorruption Prosecutor admits complaint against Bosch for misappropriating dividends owed to Lisa, S.A.
Confirmed Bosch named depositary with no reports filed
Court confirms Bosch was appointed judicial depositary in case 7081-08 but never filed reports.
Lisa rejected Bosch’s objections and confirmed his duties
Lisa, S.A. rejects Bosch’s procedural objections, insists he still owes a full accounting for withheld dividends.
Requested international summons of Bosch for testimony
Lisa, S.A. requests summoning of Juan Luis Bosch in Guatemala to clarify facts under criminal investigation.
Rejected case closure and ordered further investigation
Prosecutor denies Bosch’s request to archive embezzlement case; orders further investigation steps.
All courts but 11th report no cases vs. Lisa
All civil courts except the 11th confirm no judicial cases or measures against Lisa, S.A. as of April 14, 2015.
Official confirmed Bosch was responsible for seized funds
Castillero confirms Villamorey, not Bosch, was formally responsible for seized dividends under the court order.
Lisa requested formal indictment of Bosch for embezzlement
Lisa, S.A. requests formal charges against Juan Luis Bosch for misuse of judicially retained dividends.
Prosecutor ordered Villamorey and GALA to produce records
Prosecutor grants Lisa’s request to obtain financial records from Villamorey and GALA for 2019–2024.
Prosecutor demanded financial records from Villamorey
Prosecutor orders Villamorey to produce authenticated financial records for 2019–2024 in embezzlement case.
Lisa confirmed address for Villamorey and GALA notice
Lisa, S.A. requests that funds held by Bosch be seized and transferred to the custody account of the Public Ministry.
BDT accused Bosch of embezzling $120M in dividends
BDT accuses Bosch of misappropriating $120M in dividends owed to Lisa/BDT as judicial depositary of Villamorey.
Lisa requested seizure of funds held by Bosch
LISA S.A. seeks seizure of Bosch’s funds over embezzlement, illegal capital increase, and judicial obstruction.
Bosch’s lawyer admitted BDT owns Lisa’s shares
Defense admits Lisa transferred its shares to BDT and confirms BDT is now legal shareholder of Villamorey.
Lisa requested INTERPOL alert to locate Bosch
Lisa, S.A. asks authorities to issue INTERPOL location alert for Bosch, who has evaded formal notification.
Court closed civil case without verifying return of funds
Javier Castillero confirms civil case was closed in 2018 and funds were never verified or returned.
Lisa requested assistance to notify Bosch in Guatemala
Lisa urgently requests international judicial assistance to notify Bosch in Guatemala after his defense confirmed address.
Prosecutor confirmed location request for GALA was sent
Prosecutor informs Lisa that request to locate GALA’s legal address was sent to the Judicial Investigation Directorate.
Bosch formally notified of criminal complaint
Bosch formally notified of Resolution 73-2023 and declines to testify, invoking constitutional protections.
Seeks onsite inspection at GALA for nonresponse
After a July 3, 2024 order, GALA failed to provide Villamorey’s 2004–2019 records; Lisa, S.A. seeks an on‑site inspection.