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Gov't freezes fundsof Peruvians
Monies, exceeding US$33-million, have been frozen by the Governmentof the Cayman Islands' at the Wiese Bank International, at therequest of the Peruvian Government, which is alleging that themonies in the accounts are proceeds from criminal activities.
At the core of the matter is former headof the Peruvian National Intelligence Service, Mr. Montesinos,who along with four other Peruvians - Mr. Malca, Mr. Valencia,Mrs. Montesinos and Mr. Venegas, are alleged to have been involvedin a "large-scale, fraud, bribery and corruption", duringMr. Montesinos' tenure as head of the intelligence unit.
According to a report from Government InformationService (GIS), on March 7th and 13th respectively, "SeniorCrown Counsel (Civil) for the Attorney-General, at the requestof the Government of Peru, obtained injunctions in the Grand Courtat hearings before The Honourable Mr. Justice Henry Graham"to freeze the accounts and other funds of the accused.
The release further stated that the "PeruvianGovernment, will in due course, be issuing proceedings in Caymanfor the recovery of the monies alleged to have been misappropriatedby Mr. Montesinos and his associates."
The Cayman Islands Government said the caseprovides is an example of Cayman's "alert response to requestsfrom foreign countries for mutual legal assistance and criminalmatters", noting that it was "happy to have been ableto offer such assistance to the Peruvian Government under itsinternational legal obligations."