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Guatemala Deputy in Fraud
Jaime Martinez Lohayza, chief of
the governing party Gran Alianza
Nacional, was implicated
Thursday in a fraud scandal of
1.4 million quetzals (over
$130,000 USD) with the National
Mortgage Credit of Guatemala.
According to a report, the
deputy, in conspiracy with some
employees, modified information
system registrations to evade
payment of two credits requested
between 1994 and 2004.
Martinez Lohayza simulated the
cancellation of the debt through
a fraudulent operation by adding
numbers to small quantities to
make them seem larger.
The operation was repeated
several times until the debts
had allegedly been paid.
The errant deputy even sent a
letter in 2005 to the Bank's
Directive Board to return
400,000 quetzals (some $53,000
USD) that he had allegedly
overpaid, which the institution
indeed returned.
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