14ymedio, 29 September 2014 – Fourteen Cubans have been sentenced to between 6 and 20 years in prison in the corruption case known as “Tokmakjian.” Nelson Labrada, the Sugar deputy minister and Ernesto Gomex, former director of the state mining company Ferro, are among the group and have been sentenced to 20 years and 12 years in prison, respectively.
The case, which raised great concern among investors in Cuban businesses, tried several Cuban and foreign businessmen for the crimes of bribery, forgery of bank documents, fraud, trafficking in hard currency and tax evasion associated tih the Tokmakjian Group. The Canadian company had businesses in Cuba for for more than twenty years, particularly in sales of transportation equipment, mining and construction.
Last Saturday the conviction of Cy Tokmakjian, age 74 and founder of group, was sentenced to 15 years, of which he has already served three since his arrest. Claudio Vetere, company spokesperson, and Chief Financial Officer Marco Puche, were sentenced to 12 and 8 years in prison respectively. Cuba also seized about $ 100 million in company assets.