Police Raid Quintavalle
Home and Hotel
Authorities continue to
probe into the business
activities of Italian
businessman, Matteo
Quintavalle, following
last month's charges of
fraud filed against him
by his American
investors.
Quintavalle, weeks
before the filing of the
charges, had his
accounts closed by the
Banco de Costa Rica.
Yesterday, the Organismo
de Investigación
Judicial (OIJ), raided
Quintavalle's home in
Escazú and in Quepos,
when police arrived at
6:30am at the hotel
Terrané.
Police searched both
properties looking for
evidence to support the
charges made by the 17
investors who say they
are concerned about
their investment and
asked authorities to
intervene.
Quintavalle has become a
controversial figure
during the last couple
of months.
Quintavalle first
appeared in the public
scene with his purchases
of local football
(soccer) players
contracts after having
expressed in purchasing
a local team which never
came to be.
The Italian was able to
sign up key players like
Wilmer López, Kurt
Benard andy Allan Alemán,
among others, making
headlines of his
presence in the Costa
Rican business world.
However, shortly after
the decision by the
Banco de Costa Rica
placed Quintavalle back
in the headlines, this
time with the news that
the bank had closed his
account, for
irregularities regarding
his 11 accounts and
businessman announces
his move to the Banco
Nacional and threatens
to sue the BCR.
Quintavalle's banking
problems prompted an
investigation by the
Ministerio de Hacienda
(Revenue ministry)
delving into the
financial transactions
of Quintavalle.
That investigation made
investors nervous who
took action against
Quintavalle by filing
charges of fraud with
the Fiscalía
(prosecutor's office).
Quintavalle has said
publicly over and over
that he has nothing to
hide. However,
authorities this week
decided to take the next
step and find that our
for themselves. |
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