Entrepreneur Catalino Miranda and three others are going to jail for mortgage fraud

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By LatAm Reports Staff Writers

The Prosecutors Office requested pretrial detention for the four accused. This is the third process for businessman Catalino Miranda.

The Sixth Peace Court of San Salvador sent the transport businessman to prison,Catalino Mirandaand three other persons charged by the Office of the Attorney-General of the Republic for the offences of use and possession of false documents and material falsehood.

“Following the initial evidence provided by the Prosecutor’s Office at the first hearing against Catalino Miranda, José Braulio Miranda, Josué Adalberto Segovia and Adalberto Antonio Miranda, the accused were able to remain in prison while the investigations against him are progressing,” says a brief statement from the Prosecutor’s Office.

The four defendants were representatives of the companies Acostes de El Salvador S.A. de C.V. and the Cooperative Transport Association of R.L. They made a loan of $1,800,000 that they stopped paying in 2021 by forging a mortgage cancellation.The prosecution does not reveal who they made the loan with.

When the now accused stopped paying off the loan,The victim learned that the National Registration Centre and the Vice-Ministry of Transportation was presented with a mortgage cancellation that he had not signed.

On 27 June, the Prosecutor’s Office revealed that it had issued a third administrative arrest warrant against Miranda and two more, for the crimes of use and possession of false documents; this time, the entity adds, documentary falsehood.

Catalino Miranda holds prisondue to a three-year sentence for public disorder and higher-priced sale But also for a second trial for the crime of ideological falsehood for allegedly filing false documents for a $2 million loan.

In the first case where he was convicted, Miranda went to an abbreviated trial and was sentenced on 19 May 2023, there. He confessed that he made excessive ticket charges on routes 42 and 152 which was under State concession, and acknowledged that it carried out public disorder, which is why he was arrested on 12 March 2022.

Miranda’s defense has repeatedly asked for a penalty replacement, due to conditions such as kidney failure and pulmonary metastasis,But they have been denied by the judges.

This article has been translated after first appearing in Diario El Mundo