Fraud Finding Stands Against Pollo Campero Owners

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Tue Nov 11, 2008 3:14pm EST

Bermudan Supreme Court Holds Fraud Ruling Against Companies of Juan Luis Bosch
and Dionisio Gutierrez Mayorga of Guatemala, No Appeal Filed

MIAMI, Nov. 11 /PRNewswire/ -- This week a critical deadline was reached for
the defense of companies owned by Juan Luis Bosch and Dionisio Gutierrez
Mayorga, key shareholders of the restaurant chain Pollo Campero and its parent
company Corporacion Multi-Inversiones, to present an appeal against a historic
ruling by the Supreme Court of Bermuda finding them liable for a tax fraud
scheme to defraud minority shareholders.

The lawsuit, Lisa S.A. vs. Leamington Reinsurance Company Ltd. and Avicola
Villalobos, will award the plaintiff upwards of $7 million, accounting for
pre- and post-judgment interest and litigation fees.  In his ruling, Judge Ian
Kawaley confirmed long-denied allegations that executives representing
Bosch-Gutierrez "clearly admitted in a meeting which was secretly recorded
that a substantial portion of the income generated by the Avicola Group, in
particular cash generated from the sale of live chickens, chicken manure and
oranges was kept off the books and used to fund distributions to
shareholders."

This landmark ruling in the Gutierrez case is related to several other past
and current lawsuits in multiple jurisdictions alleging massive tax fraud and
money laundering dating back to the mid-1990s, but was the first tribunal to
allow the plaintiff to present the merits and videotaped evidence of their
complaint.  The defendants, two of Central America's most influential
businessmen, have consistently sought to have the dispute moved back to
Guatemala - a legal system whose impartiality has been assailed by the
International Commission of Jurists as "severely threatened by the increasing
politicization of the justice system."

One of the most notable developments in the Bermuda proceedings was the
admission, made on behalf of the defense for companies of Juan Luis Bosch and
Dionisio Gutierrez Mayorga, that separate accounting books were maintained to
commit tax fraud against the Guatemalan government and divert profits away
from shareholders, which stands in direct contradiction to a "clean bill of
health" granted to Avicola Villalobos by the country's internal revenue
service.

Surprisingly, one of the defendants behind the companies in this trial,
Dionisio Gutierrez Mayorga, will be a featured speaker at the Foro
Internacional Crisis Global, Seguridad y Lucha contra la Pobreza on Nov. 28 in
Costa Rica, a seminar on corporate social responsibility alongside many other
prestigious international figures.  It is not known whether or not Mr.
Gutierrez will speak about the Bermuda court finding his principle group
Corporacion Multi-Inversiones to be the "controlling mind" behind a tax fraud
scheme.

For more information on this case, including full copies of court complaints,
judgments, and other documentation, please visit http://www.casogutierrez.com.




SOURCE  LISA, S.A.

James Kimer, +1-646-781-9677, James.kimer@ksocialmedia.com, of K Social Media
for Lisa S.A.
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