Prosecutor orders banks to produce all financial records of Bosch and Villamorey, S.A. from 2018 to 2022
Sep 1 2022
Public Prosecutor
Resolution No. 2119-22 orders all banking institutions in Panama to certify whether Juan Luis Bosch Gutiérrez (passport No. A1425075) and the legal entity Villamorey, S.A. (Folio 9146, Roll 367, Image 303, Mercantile Section) hold or have held financial products, and to produce detailed documentation covering the period from December 2018 through the date of response. The resolution was issued by the Metropolitan Prosecutor's Office, Primary Attention Section, Second Sub-Regional Division, as part of the criminal investigation into alleged crimes against the economic order, against public trust, and related offenses, identified under Case No. 202200053278.
The resolution requires production of 18 specific categories of banking information and documentation, including: account opening applications and dates, due diligence and client profile documents, transactional profiles, account opening contracts, identification of ultimate beneficial owners, signature cards and powers of attorney, cash deposit slips, records of domestic and international wire transfers (including SWIFT instructions and ACH transfers), bank statements for the 2018–2022 period in both printed and digital format, investment portfolio documents, safe deposit box visitor logs, credit and debit card statements, and mortgage, pledge, commercial, and agricultural loan agreements with current balances.
The breadth of the request reflects the Prosecutor's objective of tracing the complete flow of funds linked to Bosch and Villamorey over an approximately four-year period, encompassing both domestic and international operations.
This resolution was issued five weeks after the filing of Lisa, S.A.'s criminal complaint on July 27, 2022, which alleges the diversion of more than $40,000,000.00 in dividends. It represents the first concrete investigative measure taken by the Prosecutor in this case. Eight days later, through Resolution No. 2186-22 of September 9, 2022, the Prosecutor formally admitted the complaint and recognized Lisa, S.A. as the legitimate victim, confirming that the banking investigation was initiated even before the formal admission of the case.