AGD Weighs In.

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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ebear

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AGD Weighs In.

posted on Jul 09, 2008 12:35AM

google translation

AGD upholds seizure of Isaiah companies as historic

eluniverso.com | 13h05 July 08, 2008

While being "difficult" to achieve the state recover the "hollow patrimonial" identified in the appeal case Filanbanco, a process in which 195 companies were seized, the Manager of the Deposit Guarantee Agency, Carlos Bravo Macias, clarified today that the resolution adopted by the entity in the early hours of this Tuesday is "central to the history of this country."

"We have responded to the clamor of so many people and many injured," Bravo said in a press conference after deny that the decision is a persecution of the media in the country.

He said that action has been handled in strict accordance with the law. "I think rarely in this country has taken a resolution like the one we have taken today", he stressed.

Similarly, insisted that several sectors of the country "will say that this resolution has taken the AGD is due to cyclical aspects or because it approximates a plebiscite". "That is not true," he said after clarifying that "what happens is that previously I would say that the month until December of the previous year had a Superintendent of Banks sold to banks. And only with possession of the new financial supervisory authority, identified the loss of Filanbanco, totaling 661.5 million dollars, "was made.

"Others will say that this decision is persecution of the media, in any way. I want you to know the country that if we have no objections to the measure we have taken. The media will have been seized as soon as possible to private companies. Hopefully envisaged options, hopefully the same workers in the same television channels could become shareholders in these companies. Hopefully creditors harmed by banking may be shareholders of these companies, "said the manager of the AGD.

Finally, he indicated that "we are interested in ways that go as fast as possible to private companies who are interested in them, obviously complying with the law and unrestricted rigour of the law and once formed the Trust to be formed precisely because rule of law ".