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Quintavalle Calm In Face of Fraud Charges
Italian
"empresario", Mattro Quintavalle, yesterday
should calm in the face of being
accused by 17 of
his American investors for fraud in the
amount of us$4 million dollars.
The charges against him and several associates
follow headline news of the Banco de Costa Rica
(BCR) closing of Quintavalle's accounts, the
bank saying that the Italian had misrepresented
the size of the movements in the account,
failing to register his ventures with the
banking supervisor, SUGEF, and falsely alleging
ties to the bank, possibly misleading investors.
A group of American investors filed charges
against the businessman with the Fiscalia de
Pavas, where a court ordered that Quintavalle
remain in the country while the prosecutor
investigates the allegations.
On Wednesday, officials of the Fuerza Pública
(police) had to intervene to calm a situation
when an argument broke out disputing the
ownership of a casino, hotel and night club in
Quepos, where Quintavalle figures as a partner
in the holding company.
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