No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsCrimeCosta Rica court suspends fraud trial against Luis 'The Cuban' Milanés, citing...

Costa Rica court suspends fraud trial against Luis ‘The Cuban’ Milanés, citing defendant’s weak heart

A fraud trial in Costa Rica against 63-year-old Cuban-American businessman Luis Angel Milanés Tamayo was suspended Monday morning following a request by a defense attorney who said his client suffers health problems.

A criminal court in San José granted attorney Hugo Navas’ request based on medical reports stating that Milanés’ heart condition prevented him from attending the trial. Milanés was scheduled to attend court at 8 a.m., but he arrived with his lawyer at about 10 a.m. to file the request.

Milanés, aka “The Cuban,” is facing a fraud trial for the sudden closure in 2002 of his “investment” company, Savings Unlimited. That same year he fled Costa Rica after a group of about 500 victims – mostly U.S. and Costa Rican citizens – denounced him for allegedly making off with $46 million of their money. After six years on the run, Milanés was arrested on June 19, 2008 at an airport in El Salvador, where local police nabbed him with someone else’s Costa Rican passport.

In May 2011, he reached an agreement with plaintiffs and pledged to begin paying them by using nine properties with an estimated value of $12 million. He also promised to give them $1.8 million in cash by November 2012.

A criminal court last September ordered Milanés to be brought to trial and prosecuted after he failed to pay back more than half a million dollars of that settlement.

Last November the owners of a San José business group that included Milanés closed a hotel and two casinos and laid off 250 employees. Attorney Hugo Navas, also the group’s attorney, at the time said the closure was due to high operating costs.

Milanés was ordered to undergo health evaluations by Judicial Police forensic experts on Monday afternoon in order to reschedule his appearance in court.

Trending Now

Harvard’s Robert Waldinger Brings the World’s Longest Happiness Study to Costa Rica

One of the world’s leading experts on happiness and wellbeing is coming to Costa Rica, and time is running out to be part of...

Costa Rica Coast Guard Corruption Scandal Tied to Drug Trafficking Case

A significant corruption scandal has exposed how Costa Rican Coast Guard officers accepted substantial bribes to facilitate international drug trafficking operations, revealing the extent...

Nicaragua reinstates travel visa for Cubans, official says

Nicaragua has reinstated the visa requirement for Cuban citizens, one of its few allies in Latin America, the Nicaraguan government co-led by spouses Daniel...

Costa Rica’s Key Highway to Caribbean Remains Blocked by Slides

Authorities report that Route 32 stays shut down in the Zurquí sector as crews battle ongoing landslides triggered by heavy rains from cold front...

Costa Rica Starts Pilot Program for Preschool Education

The Ministry of Public Education (MEP) has rolled out a pilot program that allows some three-year-old children to begin preschool this year. The move...

International Spotlight on Costa Rica’s Barrenador Investigation

Former president of the Costa Rican Social Security Fund (CCSS) and newly elected deputy Marta Esquivel has pushed her defense in the Barrenador case...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica