Published On: Mon, Dec 23rd, 2013

Garcia (Giro Bank) expects good outcome

Giro BankWILLEMSTAD – There is an ongoing investigation at Giro Bank for an amount of 2.8 million euros in cash which was intercepted and confiscated some time ago at Schiphol airport in the Netherlands. Former Giro Bank Director, Mr. Eric Garcia, who is still employed by the bank but is no longer in charge of the daily management, confirms this and he expects that this investigation will take another three weeks.

Various sources reported last week that the RST investigation team is currently conducting an investigation on the amount, because the origin of the money was unclear. The money was on its way to Malta, where, according to Garcia, one of the shareholders of the Giro Bank has also a bank.

The euros were transmitted to Malta since no bank in Curacao or in the Netherlands would accept more than a million, not even ING Bank.

ING Belgium is one of the correspondent banks of Giro Bank for euro transactions. Garcia explains that the hefty sum of 2.8 million dollars was received at the Giro Bank over the years and now, therefore, the records are investigated, and that the MOT (Unusual Transactions Dept.) is being checked. According to Garcia, there is "no doubt" that everything is correct.

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