The company "MICARRO SV" is accused of not delivering the vehicles to a group of consumers who had already paid for them.
The consumers "paid large sums of money" to the company Inversiones Latinoamericanas, S.A. de C.V., (COINVERLAT, S.A. de C.V.) and Cristian Javier Pineda Reyes, who operated the company "MICARRO SV", reported the Consumer Defense Office.
Aguilar Castillo Love is a leading international law firm with offices in Central America and Ecuador.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America
Phone: (505) 2225 8748
The new charges of tax evasion against Aceros de Guatemala demonstrates how the cumbersome procedures for receiving tax returns foster dishonesty among officials and businessmen.
The Justice Department and the International Commission against Impunity in Guatemala have accused the company Aceros de Guatemala of committing tax fraud and customs fraud offenses, worth more than the $33 million, and which could be linked to the of customs fraud network dismantled a few months ago known as "The Line".
Growing institutional weakness in several countries of the isthmus brings to the forefront the responsibility of the business sector to keep the economy of this region moving forward.
Currently, the governments of several Central American countries are showing signs of weaknesses which - to different degrees- point to a sharp decline in institutional quality. Whether due to severe episodes of corruption, as is the case in Guatemala, or because of the notorious political inexperience such as in Costa Rica, or exacerbated by populist practices such as in El Salvador, the normal functioning of the economy is being hampered, taking away the ability to compete in real productive activities, and opeing the floodgates to lobbying actions on the part of businesses, to the detriment of those improving the quality of their products and services.
The dismantling of a network of corruption at the highest level in the Superintendency of Tax Administration has forced an analysis of the stability of the government of Otto Perez Molina.
The dismantling of the network of corruption at the highest level of the taxation system shows the validity and the necessity that Central America has for having bodies such as the International Commission against Impunity in Guatemala.
EDITORIAL
Guatemalan business leaders have been talking about the matter, after the release of the CICIG updates which shed light on a group of criminals who, from the highest level of customs administration, engineered smuggling and tax fraud in the country. See: "Customs Fraud Network in Guatemala".
China Harbour Engineering Company, one of the bidders in the tender for Line 2 of the Panama Metro and a contractor for road works in Costa Rica, is ineligible to participate in projects financed by the World Bank.
Given the criticisms over its main involvement (60%) in one of the consortia which submitted bids for the construction of the Panama Metro Line 2, a spokesperson for China Harbour Engineering Company (CHEC) Latin America argued that "..
The Superintendency of Companies has pointed to objective and known facts of illegal collection of money from the public by the operations of Emgoldex, which is also currently operating in Panama.
From a statement issued by the Superintendence of Companies of Colombia:
The urgent need for economic development in the region frequently makes everyone draw the attention to proposals that have dubious viability.
EDITORIAL
The Mexican company which announced the huge investment also announced, on a website under construction, the development of the port of Nanchital in Mexico, citing current concession rights which have actually been revoked.
The recent announcement of the construction of a Disney theme park in Costa Rica has been denied by the Disney Corporation itself.
EDITORIAL
The announcement by the mayor of the city of Liberia on a morning variety program was quickly replicated by various media outlets for a few hours after being denied not only by the Disney Corporation and by the supposed developer of the project, but even by the aforementioned mayor, who was not able to confirm the information.
Better safe than sorry, a relevant phrase when assessing the risks of senior staff in the company committing dishonest acts.
60% of crimes in a company are committed by employees at lower levels and in the case of theft, the amounts are low, but 10% of such misconduct involves managers, who can divert large sums or sell industrial or commercial secrets.
How advertising agencies can deviate their clients' money for their own benefit.
IBM sued Ogilvy & Mather for overcharging its services for millions of dollars.
The recent lawsuit against Ogilvy & Mather by IBM for overbilling highlights the need to maintain a tight control over contracted advertising agencies. John Siefert, chairman of Ogilvy, acknowledged that the agency had overbilled IBM in the purchase of digital media. It is the third time that Ogilvy is sued by customers accused of overbilling.
A lawsuit filed in the U.S. accuses a company of luring investments from retirees using a ponzi-like scheme.
The text of the lawsuit establishes that during the past six years, Paragon Properties of Costa Rica, a Hollywood-based company, received money from over 900 U.S.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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