In 2010 the Canadian businessman stressed his full confidence in the Island’s authorities in an interview with Excelencias del Motor magazine.
14ymedio, Havana, 30 September 2014 — A year before his arrest in Havana in September 2011, for a host of crimes (bribery, fraud, trafficking in foreign currency, forgery, tax evasion, acts to the detriment of the national economy), the Canadian businessman Cy Tokmakjian, sentenced last week to 15 years in prison, made very positive statements about the business climate in Cuba.
In an interview published in January 2010 in Excelencias del Motor magazine, belonging to a Spanish group with representation on the Island, the owner of the Tokmakjian Group spoke of the success of his company and its projects after 21 years in Cuba.
At that time, the company was expanding with the opening of the technical facilities of Wajay (Havana), Camaguey and Moa (Holguin), which had helped increase the number of Cuban employees from 140 to 230 workers.
The Tokmakjian Group, according to its founder, intended to use Cuban specialists for trade with the rest of Latin America, especially Panama, Nicaragua, Costa Rica and the Dominican Republic. The businessman introduced high-tech equipment to manufacture products in Cuba, “to solve national problems quickly and export from this country,” through joint ventures.
“We have to maneuver carefully not to lose the investment, the support and the confidence we have in Cuba”
Cy Tokmakjian showed no fear, faced with the ravages of the global economic crisis. “I’ve been in Cuba 21 years, I know the current situation in the country. During the years 1991 and 1992, the situation was no better, we are ‘accustomed’ to working in difficult times,” he explained. “The parent company in Canada trusts Cuba and the Cubans, which allows flexible receipts and payments; we expect Cuba will recover; we will continue doing business. However, we have to maneuver carefully, not to lose the investment, the support and the confidence we have in Cuba. We are all working on this together, Canadians and Cubans,” he added.
“Cuba greatly appreciates the foreign companies that continue to work in Cuba through difficult times. Together, Cubans and Canadians, we maintain an ethic, a principle, and mutual assistance,” he revealed.