Without a visible bank refinancing certification, Riccardo Francolini – who was benefited yesterday with a bail of $ 100 thousand in the Financial Pacific case – paid a loan of $ 8.5 million in 9 months . The money was requested on loan to buy a ” Plug & Grind cement plant”.

Prosecutor orders the arrest of Riccardo Francolini
Riccardo Francolini and his successful cement business

Although he was not known as a wealthy man, Riccardo Francolini – partner, friend and former official of former president Ricardo Martinelli – managed to cancel a mortgage loan of $ 8.5 million just nine months after having obtained it to buy a cement plant.

The procedure was carried out through the company Valicia Investment, SA, which the last government also declared eligible for the “transportation and benefit” of non-metallic minerals, which according to the Ministry of Commerce and Industry (MICI) “allows transportation and / or benefit of all minerals defined in an application … whether extracted by itself or by third parties. ”

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READ MORE:https://www.prensa.com/politica/Varela-Mundial-Cancilleria-inversiones-Putin_0_5037246237.html