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Insidecostarica.com - San José, Costa Rica  -   Tuesday 31 October 2006

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Guatemalans Protest Financial Scandal
 

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Guatemalans Protest Financial Scandal
Hundreds of Guatemalans with foreign-currency deposits in the closed Banco del Cafe and its offshore company located in Barbados convened a protest Monday in front of installments of the entity to demand their money.

So far, no local financial authority or executive of the institution, closed since October 20, have given guarantees on the recovery of their capital.

Several people are in the same situation with funds in a firm associated to the Bancafe, denominated "Values and Investments of the Country."

Guatemala Banking Superintendent Willy Zapata attributed the problem to savings and domestic currency issues and said "mandates start this week with the governments of Barbados and United States, where there are allegedly deposits in hard currency of the Bancafe International Bank Company."

The funds from official companies and institutions have not been freed, nor credit and debit cards, which are rejected throughout the national territory.


 


 

 
   

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