The financial statements of the plastics production company Yanber have altered since 2010. This was confirmed on Monday by Ronald Artavia, forensic auditor of the company, before the legislative committee that investigates questioned loans granted by public banks.
According to the statement under oath, as a result of the review made by R. Artavia y Asociados, errors were found from 2010 and 2011 in the financial statements made by the accounting and supposedly reviewed by the external audit. He argued that these reports were the sole responsibility of the Yanber administration.
Although he said he did not know if the intention of the errors was for Yanber to obtain credits from the banks, he admitted that the reports showed a healthier financial situation than the company actually had. Artavia also acknowledged that the errors in the financial statements were significant.
According to Miguel Villegas, curator of the preventive agreement that prevented the bankruptcy of Yanber, the former owner of the company, Samuel Yankelewitz, would have used altered financial statements to request credits from state and private banks.
In 2015, Yanber requested a judicial process to avoid bankruptcy.