Cuba Moves to Liquidate Chilean Tycoon’s Assets

HAVANA TIMES, April 12 — Cuban authorities convened a court hearing this past March to liquidate the real property assets of Chilean businessman Max Marambio in his absence, reported the Café Fuerte web site.

According to a note published in the “Gaceta Oficial,” the court called for a hearing on July 30 “to analyze the modification of the precautionary measures” imposed in 2011 in relation to the Panamanian corporation Ingelco S.A., in order for it to respond to the lawsuit against it within 60 days.

Marambio, 64, was sentenced in absentia to 20 years in prison on charges of corruption and “damage to economic activity on the island” after a corruption scandal was uncovered involving his Alimentos Rios Zaza S.A. joint-venture company.