Tuesday, January 27, 2009

VP of Collapsed Bank Fails to Appear

Ingo Henrich Haberland, accused of involvement in the bankruptcy of Banco del Café (Bancafé) did not appear at his hearing scheduled for today. The defendant had been summoned by the Juzgado Noveno de Instancia Penal to testify about the case.

Haberland served as vice president of the bank and is now a fugitive from justice. In November 2007, the Ministerio de Gobernación put up a reward of Q100,000 for information about those involved in the Bancafé collapse. On October 19, 2006, the Monetary Board suspended operations of Bancafé for mismanagement. Bancafe was the fourth largest bank in Guatemala with over one million accounts and Q6.7 billion in deposits.

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