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prima:Cossec initiates investigation against a high-level executive in CooPACA

The entity that supervises credit unions conducts an “exhaustive investigation” related to transactions involving the president of the board of directors of Cooperativa de Ahorro y Crédito de Arecibo

September 11, 2024 - 1:45 PM

La nueva sucursal cuenta con más de 5,100 pies cuadrados de espacio y sustituye la antigua ubicación en el casco del pueblo de Trujillo Alto.
Cossec's president, Mabel Jiménez Miranda, indicated that the regulator will provide information on the investigation it is conducting against the president of CooPACA's directors, Luis A. Galarza, as soon as possible and as the established order allows. (Suministrada)

The Puerto Rico Cooperative Insurance and Supervision Corporation (Cossec) confirmed that it is investigating the case involving the president of the board of directors of Cooperativa de Ahorro y Crédito de Arecibo (CooPACA), Luis A. Galarza Pérez, who allegedly obtained personal tax benefits from some properties repossessed by said cooperative.

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