Bancredito Files Complaint on Tricom

Bancredito Files Complaint on Tricom

Panama

Bancredito in Panama has filed a complaint in New York State Supreme Court against Luis Alvarez Renta, related to the issuance of a series of loans for the purchase of shares in cell phone service provider Tricom. "We are moving forward in the US courts to recover assets for Bancredito Panama," says Peter Haviland, of lawfirm Kaye Scholer, which is representing the bank. The complaint focuses on a review of a $70m transaction with Bancredito Panama for the purchase of over 21m shares of Tricom s

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