Economic news

Central American development bank sues former president in US court

2024.09.05 12:00

© Reuters. FILE PHOTO: Executive President of the Central American Bank for Economic Integration (CABEI) Dante Mossi takes part in a news conference in San Salvador, El Salvador March 18, 2022. REUTERS/Jose Cabezas/File Photo

(Reuters) – The Central American Bank for Economic Integration has filed a lawsuit against its former president in a U.S. district court for allegedly violating a slew of market regulations, it said on Thursday.

The CABEI’s claims against former Executive President Dante Mossi include violations of the Racketeering Influenced and Corrupt Organizations Act (“RICO”), breach of fiduciary duty, market manipulation, tortious interference and breach of contract, it said in a statement.



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