He 2nd Turn Court of Appeals confirmed the conviction against the former president of Casa de Galicia Alberto Iglesias by misappropriation of US$ 180 thousand that belonged to the mutual company.
The court ruling, to which he also agreed The Observer, maintains that the sentence of 24 months in prison —to comply with 12 months of total house arrest and 12 months of probation— is also consistent, “taking especially into account the sum of money subject to the conduct and personal conditions of the accusedwho is a experienced businessman who was in charge of Casa de Galicia“.
Iglesias—found responsible for appropriating US$180,000 from Casa de Galicia— he directed the medical institution between 2018 and 2021until the government of Luis Lacalle Pou ordered the cessation of activities of the mutual company (on December 23, 2021) and the subsequent liquidation in February 2022.
The former president of Casa de Galicia had been sentenced in September of last year and his defense appealed Judge Olivera’s decisionwho agreed to the request of the Economic Crimes Prosecutor Gilberto Rodríguez de charge for misappropriation, but not for fraudulent corporate insolvency.
The defense of Iglesias He appealed the conviction, which occurred after an oral and public trial.
However, the court understands that the “appellant” (Iglesias) did not explain “Why do you understand that the punitive amount must ‘necessarily’ be less than twenty-four months?, nor why his client could not fulfill the obligations imposed or why house arrest would be an excess“.
The defense mentioned the fact that Iglesias is over 70 years old, but the court noted in its ruling that “he is a person who until recently managed an institution like Casa de Galicia, which is why it is not understood what the impediments are for him to fulfill the obligations imposed.”
