CABEI Sues Former President Over Market Violations

The Central American Bank for Economic Integration (CABEI) has filed a lawsuit against its former president, Dante Mossi, in a U.S. district court. The allegations include violations of the RICO Act, breach of fiduciary duty, market manipulation, tortious interference, and breach of contract.

The Central American Bank for Economic Integration (CABEI) has initiated legal action against its former president, Dante Mossi, in a U.S. district court for various alleged market regulations violations, as announced on Thursday.

The CABEI's accusations against Mossi encompass numerous serious charges, including breaches of the Racketeering Influenced and Corrupt Organizations Act (RICO), fiduciary duty, market manipulation, tortious interference, and breach of contract, according to a formal statement.

(With inputs from agencies.)