Sunday, September 28, 2014

Cell for Canadian director after bribery – Well informed Circuits

Cell for Canadian director after bribery – Well informed Circuits

HAVANA (Reuters) – A court in Cuba, the general manager of a major Canadian transportation sentenced to fifteen years in prison for bribery. Two of his close associates to prison. 12 and 8 years

The company CEO Cy Tokmakjian (74), Tokmakjian Group also annually for approximately $ 80 million business with Cuba. This involves the sale of transport and transport and equipment for the mining industry. What exactly the corruption exists is not clear. In the case are also

fourteen Cubans sued. Their verdict is not yet decided.

In addition to the prison sentence, Cuba has also $ 100 million in assets seized from Tokmakjian Group.

The company calls the verdict “absurd” and argues that the case discourages foreign investors to do business with the communist country.

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