Pretrial detention against three former executives of The Polar

 

Judge María Verónica Orozco decided to grant the request of prosecutors and ordered the preventive detention against three former executives of multi-shop La Polar, the former general manager and former president of the company, Paul mayor , former administrative manager, Maria Isabel Farah and former Financial Products manager, Julian Moreno .

 

"The conviction that remains is to set up a real machine," the judge said as he released the ruling and before determining a period of eight months for research. On Wednesday, after the first day of the trial, former general manager , Nicolas Ramirez , and the former chief financial officer, James Grage , had been with regional roots, confinement at night, between 22.00 and 6.00 hours, and forbidden to have contact with the other defendants. Mayor, Farah and Moreno are being prosecuted for lack of the General Law of Banks, money laundering, insider trading, delivery of false information to the market and use of false information to enter credits. This was revealed on 9 June, when the polarity to the Superintendency Securities and Insurance 470 000 customers who had been unilaterally renegotiate.

 

 

ARGUMENTS

While the judge explained that in his view, was not sufficiently established at this stage of the investigation, the crime of money laundering , "which per se was the possibility of detention and to have a penalty of crime, " clarified that took into account "the penalties that are assigned to the other crimes", which also have prison sentences.

 

The judge said he had also considered "the multiplicity of crimes" and "form of the offense, the repetitive nature and extent of harm caused."

 

Orozco also argued that "in this company must have a lot of other officials who are involved, because it is not admissible or credible that all the crimes have only been committed by the three people charged in this hearing" .

 

In this regard, he took a thesis of the complainants in order that it was a "gang", stating that " obviously the act together and this organization that was created inside La Polar, which gave coverage to each continue plotting the activities performed, is a history to be taken into consideration . "

 

Also criticized that "even here in this audience has not heard of surveys, repairs or anything. It has only been blaming each other for the crimes against them claiming ignorance, which has no basis" .

 

THE ALLEGATIONS

The day in Santiago Justice Center was extensive and began with the presentation of more than ten plaintiffs lawyers who defended the request for remand requested by prosecutors Wednesday Inostroza Luis and Jose Morales , because in his view answer to the charges against them. Along with criticizing Mayor and Farah, the attitude displayed by the first day of the trial when they said not understand some parts of the formalization, some as the attorney for the Polar, Davor Harasic , described as a "gang "the former executives and said" no one would understand to get out walking. " Then came the turn of the defense attorneys who agreed to reject the request for preventive detention and proposed alternative sentences at home. Of course, while lawyers for Mayor focused his argument to deny the accusation of money laundering, Farah and representatives of mutual accusations Moreno rushed . While Farah’s defense blamed the former manager of the Financial Products renegotiate unilateral Moreno’s lawyers retorted that this was who sold actions within Alfa Investments, so that his client had no reason to engage in insider trading as charged.