The
withdrawal of the policy of the Ministry of Education and the subsequent
allegations of identity theft of the employees seem to have been the necessary
fuel for the group to move quickly from the country. A part of the new venture
was made with stealth and the other with publicity. According to the Public
Registry of Panama, from 2007 to 2010 (when Seguros Banvalor was intervened),
the Castillo Bozos opened 13 companies, of which no business activity is known.
One of them has a name similar to the other one in Delaware (USA), a state that
receives large revenues through the registration of companies with tax
facilities, and recognized worldwide as a tax haven. Two other operations
received extensive publicity: the opening of Seguros BBA Corp. in Panama (2008)
and the opening of BBA Bank of Aruba, registered as offshore with the Central
Bank of the island and exclusively aimed at capturing dollars from Venezuelan
customers (2009).
The
13 companies are Joycespace, Maida Enterprises, Beauty Corporation Inc., Kairos
Asesores de Inversiones, Daltrey Properties Inc., Bowman Investment S.A., KYC
Ltd S.A., MBH Ltd S.A., Hiven Consultants Inc., Twin Shine Corp, Dream Rock
Corp, Teller Enterprises, and Mercury Star.
When
Seguros Banvalor was intervened by the Venezuelan government in January 2010,
neither Leopoldo nor Gabriel, the main directors, were in the country. Even with
an Interpol alert on their backs, the network built since 2003 with the help of
the Mossack Fonseca law firm gave them the security necessary to turn the page
of the country and continue with the open face of the Caribbean expansion. From
January 2010 to October 2013, Leopoldo and Gabriel Castillo Bozo opened 6
companies related to the insurance, banking and finance sector in Panama
(Seguros BBA Corp. and Financiadora Inversolution), the Dominican Republic
(Banco Atlántico and Atlántico CCA Valores) ,and even the United States of
America (BBA Capital NYC).
Just
after leaving the country, Leopoldo Castillo defended his career in an interview
with the newspaper El Mundo EconomÃa y Negocios. “The first thing I want to
clarify is that the insurance company in Panama has nothing to do with the
insurance company in Venezuela, and the bank in Aruba does not have anything to
do with the bank in Venezuela,” he said. He argued that the intervention of his
entities was a political retaliation, implying that it was due to the fact that
he provided collective insurance to opposition state governments, namely Miranda
and Carabobo.
As
to the criticism of policyholders who claimed reimbursement with more than a
year past due, he said: “I manage a million and a half clients. Five or ten
complaining is not significant to me. They must be specific cases where some
documents are missing… I am not the Baby Jesus, nor do I intend to be. But I
am a correct person. I do not steal anything from anyone.” An interview request
made by email to Leopoldo Castillo was accepted by an assistant in the Dominican
Republic, but could not be done by the time of the publication. The possibility
for have his statement is
open.
Source link : https://armando.info/en/castillo-bozo-brothers-the-caribbean-redenomination-of-grupo-banvalor/
Author :
Publish date : 2016-04-06 03:00:00
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