Petaquilla Minerals Ltd. (fka PTQMF)

[MagicMauli1]

@ DigiTech:

That sounds very promising - yet I heard that PTQ has to pay about 5 Mio. EUR to get Lomeros-Poyatas back completley.

[DigiTech]

Reader's digest version:

FQM (Minera Panama) did a lot of bad things. The Panama court is working on it and FQM could be in trouble on multiple counts. That includes the company officers.
Catch the next quarter FQM CC. It should be interesting.

Also, PTQ got the Spanish mine back per a Sevilla court order (# 67.9/2019 dated June 16 2020)

One step at a time.
We will get more days in court.

Cheers

[mopower2u]

Sounds very interesting Digi but how to translate to english? Not fluent in Germain or spanish.


MP2U

[DigiTech]

We maybe back.

Here is an interesting website about Petaquilla and the different court cases. FQM seems to have a problem

https://petaquillamarcom.com/

[DigiTech]

I would not be so sure.

Stay tune,

[Lowjack]

ROFLMAO! Not a chance!

[varjim]

PTQMF-new website-can they come back?Can the stock be reinstated?I don't know.

[varjim]

http://petaquilla.com/index.php

[badge792]

Doubt it....

[mopower2u]

I hope that something is good for sh's.



MP2u...power on

[Snirre]

Apparently is something going on.....

[badge792]

The representative of the company Petquilla Gold denies the version of the extrabajadores of the mine that report that gold is being extracted clandestinely.

Recently the Ministry of Labor made a surprise visit to the facilities of the mine, located in the District of Molejón. After the inspection, Mitrab indicated that the workers were engaged in mineral extraction, using machinery and handling dangerous chemicals without any precautions.

The report states that clandestinely and without complying with minimum health, safety and hygiene measures at work, workers were putting their lives at risk.

The company spokesman, Jorge Obon, says that the "group of workers belongs to the security group that must take care of the property and that they are giving maintenance to the mine, a mechanical group that is trying to save the plant." Obon says that every six months the company, which closed operations in early 2014 and faces a series of administrative proceedings in court, submits to the Ministry of Commerce and Environment a report on the state of facilities which includes cleaning up Areas and stabilization of mining structures, as a sample of compliance with the work of the company recommended by the authorities.

Despite the suspicion of Eric De León, general secretary of the industrial workers' union and at the end of Panama, "the mine has an energy generator and we estimate that gold has been extracted for about two months without the authorities putting a Finally, we were denouncing the Ministry of Labor. They have everything enabled according to De León with the use of chemicals without any supervision, "said the trade unionist.

According to the trade unionist in the mine "there was an inventory of coal loaded with gold that they have been processing, the question is who are they selling that gold and where is the money going if they have not fulfilled the commitments they have with the workers Product of Social Security payments, "he said.

Obon refutes these statements. He explains that the electricity generator is intended to give energy to the maintenance workers, which includes, according to the report sent by the spokesman, the stabilization of the embankment of the southern dam in a tailingshed 1 for erosion control, prevention of sedimentation And the promotion of revegetation, remediation of hydrocarbon spills and other chemical substances in the areas of electrical generators, plant cleaning and other works.

During the visit of the Ministry of Labor on April 21, the workers were immediately evicted and the activities were closed on the grounds of security, in compliance with Article 109 of the Political Constitution of the Republic of Panama, Articles 282 and 283 of the Labor Code, relating to health, safety and health at work, as well as Article 13 of ILO Convention No. 81 on Labor Inspection.

[Snirre]

....enter the preoperation stage....sounds great! ....but without commercial purposes....does it make a sense ?

[badge792]

This is what was mentioned in the article I posted earlier.......and I quote.....l

He indicated that by the middle of this year, Petaquilla Gold could enter the preoperative stage for the extraction of minerals, but without commercial purposes.

[Snirre]

What do you mean with paragraph...?

Best regards

[badge792]

Read the forth paragraph from the bottom !!!!!!

[badge792]

Search

Menu
PANORAMA
TODAY'S TOPICS: mici (ministry of commerce and industry) Venezuela Religion Mossack Fonseca Lava Jato Supreme Court of Justice Dana Castañeda Knockout

PROVINCE OF COCLÉ
Judge does not suspend suit against Fifer

Olmedo Rodríguez 21 Apr 2017 - 00: 00h
Topics: CSS Richard Fifer Petaquilla Gold Supreme Court of Justice
Richard Fifer, in the audience. Expand Image Richard Fifer, in the audience.
Richard Fifer, in the audience. Ana Rentería
In a closed-door hearing, Coclé Province's Compliance Court did not accede to a request from the Social Security Fund (CSS) to revoke the suspension of the process against the former governor of Coclé Richard Fifer , for the alleged Retention of quotas of Petaquilla Gold and Panama Development of Infrastructures .

+ INFO

Social Security Fund requests reopening case of Richard Fifer
Prosecutor appeals in process to Fifer
Compliance judge Domingo Montenegro determined that he could not accede to the suspension of the process, because the agreement between Fifer and CSS for the payment of the quotas owed establishes a period of three years for its fulfillment, and that time has not ended.

The alleged quotas amount to $ 3.1 million, in the case of Petaquilla Gold, and another $ 3.3 million in the Panama Development of Infrastructure.

Humberto Ledezma , legal representative of CSS in the process, said the petition was made based on the employer's failure to meet the monthly payment.

Meanwhile , Tomás Góndola, lawyer of Fifer, indicated that there was no argument to open the process. Gondola said that his defendant is going to face the commitment with CSS, and assured that a partial payment was made in December 2016 of the quotas, although he acknowledged that in 2017 they have not fulfilled the payments.


Fifer said he is willing to fulfill the commitment, but asked the CSS to inform him the final amount of the debt.

He indicated that by the middle of this year, Petaquilla Gold could enter the preoperative stage for the extraction of minerals, but without commercial purposes.

The Court of Compliance announced to the parties that next August 11 will be a hearing to address the issue of late payments that the employer maintains with CSS.

The lawsuit is being investigated by the Sixth Anti-Corruption Prosecutor's Office and was suspended since February 4, after a Coclé guarantor judge accepted a request from Fifer's lawyers to reach settlement with the CSS.

Fifer has been unable to leave the country since August 2016.

[badge792]

Thanks for your input Snirre. Time will tell I gues.....and hope !

[Snirre]

Hi badge,

it is more easy as you think, the Company Petaquilla is - if the mine is open - the carrier of the mine because they have the license for exploitation than (in this case from Panama Government), so they can also give this license to an sub-Corporation for example. The owner of Petaquilla shares stay as owner. Petaquilla shares are currently not tradeable, only out of stock market. But if Petaquilla rise of ash..., the shares are will be back very soon on stage! Because Petaquilla and his biggest sharehoulders, for sure will come back on normal stock market! That is the pressure of big Money.

[badge792]

I wish I could give you a solid answer, but I can't. I know I hold an empty bag. If PTQ rises from the ashes I have no idea what happens to the previous bagholders. Maybe someone else could answer this question ?

[oilslick91]

Badge??
Do the shareholders still own this thing? Whats your opinion?
Thanks
oil

[Snirre]

Maybe has this an influence at the friendly reaction from official site ...


http://laestrella.com.pa/panama/nacional/presentaremos-reclamacion-dano-emergente-lucro-cesante/23965133

[badge792]

You are welcome Snirre but I am only posting what I read. This mine would have done well if a) the country as a whole was not corrupt...and secondly....b) to make it worse, the guys running the company were also corrupt. Go figure. We got it two fold up the butt.

As the saying goes.....there's gold in them hills ! It's going to take a lot of money to replace and reactivate the mining equipment.

The million dollar question is.....if the mine re opens, who will the contract go to ????????

[Snirre]

Hello badge792,

thanks for your answer and luck for all shareholders, that the future will bring the mine in work under normal conditions without corruption. The latest news in la prensa give a feeling of confidence.

[badge792]

Hey Snirre.......when I stated he skated on this mess, that's what I meant. He got away with screwing shareholders and of course the workers that were owed millions. Last thing I heard, he was supposed to be doing jail time for his crimes....apparently not now. The way the article read is that something has been worked out but the details have not yet been released.

As for the mine and the fate of PTQ....who the hell knows. There was an article stating that they wanted to revive the mine but your guess is as good as mine if that actually happens. And if it does, which company will do it ? Will PTQ rise out of the ashes ?

I can honestly say that I am a major bag holder of this turd.

My only source for information is La Prensa ....for what it's worth.

[Snirre]

Is the news in la prensa a good or a bad message for the sharehoulders ?

[Snirre]

Hi badge792, what do you mean with mess.? Message or mess ?

Regards

[badge792]

If anyone still reads this board, Fifer may very well have skated on this mess. Look at the article in LA Prensa dated Feb 4th 2017. Sorry I couldn't attach the link.

[badge792]

alex e. hernández 14 ene 2017 - 00: 00h topics: mici (ministry of commerce and industries) financial pacific cut supreme of justice petaquilla gold the deposit of where petaquilla extracted gold for a value exceeding the 200 million of dollars nowadays is a lake artificial that is has formed for the accumulation of water rain and waste extracted of the tubs of relave. robert cisneros twitter shares 4 facebook shares 20 send for whatsapp 0 email 0 have past three years since that is arrested the engines in the mine molejón, located in the district of donoso, province of columbus. the that was the epicentre of the exports of gold panamanian and that reached the 200 million of dollars among 2011 and 2013, today is a spot solitary supervised for a handful of agents of security that are responsible of that the structure existing not be vandalizada. the panorama of the mine operated for petaquilla gold, subsidiary of the canadian petaquilla minerals since 1997, is uncertain and not is looms a solution in the short term. besides of the problems financial, the authorities investigate the possible handling of the actions of petaquilla thru of the fall house of values financial pacific. while the holder of ministry of commerce and industries (mici), august arosemena, ensures that the concession is canceled, petaquilla indicates that maintains negotiations with investors for take up the operation in the mine. arosemena said that the cut supreme of justice avalo the decision of ministry of cancel the concession because to incumplimientos committed for the company. to principles of 2015 the mici warned to petaquilla that had 180 days for solve its problems financial and activate the operation in molejón. compliment the term in july of that year, the mici issued the resolution of annulment of the concession. before the decision of mici, the company presented a protection of guarantees before the cut supreme of justice, resource that was accepted in first instance, but after the result was contrary to the mining. arosemena commented that the state will seek reactivate the operation in molejón, but indicated that any transaction must involve the payment of the passive salary and social that owed petaquilla. "the company still must make front to all the demands for wages backward that add more of 15 million of dollars and the not payment of quotas to the insurance social", said. exactly, the president of petaquilla, richard fifer, faces a process judicial for allegedly break with the transfer of the payments of quotas to the box of insurance social and that were descontadas to the workers. george obón, spokesman and managerial of petaquilla gold, expressed that not have been reported of the annulment of contract and notes that the company received the concession thru of a contract law, for the which the dissolution of same must become thru of other law. said that before the panorama current where the value of the ounce of gold in the market international and the price of fuel is keep stable, the company is negotiating with three groups for activate the operation in molejón to end of year. "the activity in the mine is arrested, but we we continue with the maintenance preventive in the installations for avoid its deterioration", commented. surveillance environmental a of the concerns of the groups environmental is that the stagnation in molejón cause a overflow of the tubs of relave where is deposited the waste that were mixed with cyanide and other chemical. yamil sánchez, director national of quality environmental of ministry of environment (miambiente), expressed that the work that is performed to the middle of year past for strengthen the slope that protects the tubs of relave endured the season rainy to final of 2016 that was more intense in the side caribbean. commented that inspectors of ministry made a visit each 15 days to the project for to verify that not there risk of overflow and added that the work must bear other year. thru of disappeared program of help national (bread), that was replaced for the direction of assistance social (das), miambiente legal the cleanliness of the tubs of relave and work of maintenance for prevent desbordamientos of water stored in molejón. obón explained that the work that were executed for the company bluefin seroca environmental for 1.7 million of dollars were unnecessary, already that the company had made works similar for a amount of 200 thousand dollars. sánchez responded that during the inspections regular that made the technical of miambiente not have observed greater movement of personal of petaquilla, to exception of the guards. viability estimates not official point that the deposit of molejón still has among 3 and 5 years of life useful for follow producing gold, however, is necessary do a recovery of the zone for determine the feasibility of reactivate the project. at present, the deposit main of molejón is a lake artificial product of the accumulation of water rain and of the waste that were extracted of the tubs of relave. for zorel moral, president of the camera mining of panama (camipa), the project still is viable because is in a zone with high concentration of minerals. indicates that the stagnation of the activity in molejón, besides of management administrative and financial that did the mining, was the result of a combination of factors that includes the little supervision for part of state and a deficient operation for draw the gold. "the direction national of resources minerals of mici not has the ability technique nor financial for monitor all the activity mining in the country", he demarcated. comments that in mining there something that is known as planning miner, that is a schedule that is supervised for the state for achieve a management efficient of the mine for avoid cases as the of petaquilla. in its opinion the that passed is that the company decided exploit with greater speed the section of deposit that had more potential for utilize the price high of value of the ounce of gold in the market, but when decided draw of other part of the mine, that required of more work, the price of metal had fallen, and then was more expensive draw a ounce of gold, versus the profit that receive for the same. the president of camipa indicates that the bank worldwide is prepared to advise to the state for find the better option for reactivate the operation in petaquilla. the guild had approach with the organism that has advised to other countries that have problems similar and have shown interest in provide its collaboration. the bank worldwide is responsible of do a recovery of all the assets and passive of project, besides of the analysis for detect other deposit with potential inside of the concession of petaquilla. moral added that the results would be delivered to the state, that would be the responsible of search a new operator and that of the funds that is obtain of the new concession is him pay to the bank worldwide for the advice brindada. this proposal was presented ago more of six months to the mici, but until the date, the government not has manifested its intentions of ask the collaboration to the bank worldwide.

[badge792]

Sometimes I am thoroughly f'n amazed in life.

I couldn't post it but go to LA prensa panama and search for petaquilla.

READ THE ARTICLE DATED TODAY.

They want to/trying to bring them back on line !!!!

Who knows whether it will ever happen but they say the mine has a few years of life in her.

They just need to keep the corrupt retards away from it !

[mopower2u]

Good, they should give all the time he deserves. At least 7 years worth.


MP2U

[redflame]

Prosecutor asks 7 years jail for ex-governor
Posted on September 15, 2016 in Panama

MOVES BY lawyers for former Coclé Governor Richard Fifer to evade trial were rejected on Wednesday September 14, and the prosecutor is calling for a seven year sentence.

He is charged with allegedly failing to pay required Social Security fees on behalf of the workers of the mining company Petaquilla Gold.

Judge María Isabel Pedreshi set the trial for Nov. 29.

Sixth Anti-Corruption Prosecutor Aurelio Vásquez has requested a sentence of seven years, and asked the judge to continue the order for Fifer to remain in the country.

Vásquez said there are 24 witnesses in the case and a substantial amount of records that will be introduced into evidence.

Defense attorneys presented two motions, one to dismiss the charge and another to suspend the hearing.

The lawyers made the argument that Fifer was not the head of the company when the payments were supposed to be made, which was October 2013 to January 2015.

Lawyer Tomás Gondola said that the defendant was seeking a suspension in the case so he could arrange payments to Social Security.

Representatives of Social Security testified at the hearing that no arrangements for repayment have been made by Fifer.

Both motions were rejected.

[oilslick91]

Shareholders got fxxxd!
What else is new!
oil

[Renee]

PTQMF revoked:

https://www.sec.gov/litigation/admin/2016/34-78911.pdf

[mopower2u]

Let's see if Fifer goes to jail.


MP2U

[badge792]

Richard Fifer, former governor of Cocle, entered the courtroom of the accusatory penal system escorted by his team of lawyers to the hearing intermediate stage, for allegedly withholding quotas to the detriment of the Social Security Fund (CSS).

At 9:01 a.m. Judge Maria Isabel guarantees Pedreschi gave initiated the hearing. They said they were present: Fifer with its new legal defender Thomas Góndola; Anti-corruption prosecutor sixth, Aurelio Vásquez; and Humberto Ledezma, in legal representation of the CSS as a prosecutor in the process.

The judge asked the parties whether they had explored an alternate exit conflict settlement as envisaged by the Criminal Procedure Code.

The prosecutor told Vasquez that he was not opposed to an agreement with the defense, but said he had not been informed about it. The CSS representative said the same.

Meanwhile, the defense spoke of a rapprochement with CSS, but did not specify details. It called for a total annulment of the process.

reject invalid

Nacelle requested the annulment of the process based on a public document certifies that Fifer became president of Petaquilla Gold on September 2, 2014, the date on which the CSS certified that the company had a peace and safe current in payment of dues.

He argued that his client did not have the key to access the System Revenue and Economic Benefits of CSS (SIPE) in the period in which supposedly the facts alleged occurred. The SIPE is the system that allows you to upload the forms to the CSS.

According to the complaint shares from October to December 2013 they were retained; same period in 2014 and in January 2015 through companies and Panama Petaquilla Infrastructure Development (PDI).

Nacelle also claimed that the September 24, 2014 the company did not operate, so bad could generate dues.

The prosecutor Vasquez opposed the arguments of the defense, in the sense that the annulment can claim only when there is a helplessness of the accused and violated his constitutional rights.

The judge decreed guarantees at 10:12 a.m. a short break to sort the ideas and decide on the appeal of the defense.

Upon returning from recess the judge denied the appeal for annulment, claiming it did not meet the requirements dictated by Article 198 of the Criminal Procedure Code. To order the annulment should have violated any guarantee of the accused.

ask suspend process

The defense requested "the provisional suspension of the process" for six months for Fifer reach an agreement with the CSS on quota arrearages.

Nacelle invoked the Criminal Procedure Code which establishes the "suspension of the process subject to condition," arguing that his client had been informed by the CSS of a credit to her for $ 434 thousand in Petaquilla Gold and $ 467,000 in PDI.

He showed a certification of the executing judge Him Cocle Analida Torres, who reported on the balance in favor of companies for $ 901,000.

The defense said that based on this credit, Fifer deposited in a cashiers check, the September 7, 2016, the sum of $ 215,000 as part of the amount for payment to the debt.

However, prosecutors amounts of retained installments totaling $ 3 million 199 thousand for Petaquilla Gold and $ 3 million for 31,000 IDPs.

According to Gondola, his client met the standard: was repaying the damage and the offense with which he endilga, according to him, has a less than 36 months worth.

Both the prosecutor and the complainant of the CSS opposed the defense argument.

The tax Vasquez was direct: the suspension of the process does not apply because the crime of withholding quotas covers 42 months in prison, not 36. In addition, Fifer faces two separate processes: the Petaquilla Gold and PDI.

The complainant stated that payment did not constitute a payment arrangement itself. At that point the prosecutor said that the administrative process does not stop court case.

He added that the suspension of the process involved the cancellation of precautionary measures to the accused, which is currently barred from leaving the country, and recalled that the former governor had a history of flight, as I had to be captured in February in a foreign country ( Colombia) to be brought into the process.

Finally, the judge denied Pedreschi this second recourse to defend Fifer, because by that court the payment made to the CSS was not a reparations.

In addition, it coincided with the prosecutor as to the penalty prescribed for the offense he is charged to Fifer.

formulate charges

Before entering the reading of the indictment against Fifer prosecutor, the judge asked again if the parties had an agreement: there was no conflict resolution.

The Fifer tax charged to the crime of withholding quotas to the detriment of the CSS and asked for a sentence of 84 months in prison: 42 months for each one of the processes: Petaquilla Gold and PDI.

The prosecutor invoked Articles 43 and 80 of the Penal Code that criminalize withholding quotas as was established in the Organic Law of the CSS (Act 51 of 2006).

Vasquez fed them with management reports collection of CSS the total amounts that are alleged were retained.

Evidence and witnesses

The prosecution presented the judge more than 25 witnesses and other documentary evidence to support his accusation against Fifer.

The defense presented several objections to the evidence by the prosecution, but few were accepted.

Subsequently, the defense also presented more than 20 exhibits. Among the ones that were accepted figure CSS certification that Petaquilla Gold and PDI are a credit to your favor of $ 901 thousand in the CSS in dues.

A recess was declared at 4:19 p.m.

Set oral hearing

The Pedreschi judge, before entering this phase, asked again if the parties had reached an agreement. The answer was negative.

Immediately, she reads out the summons for trial and set a November 29, 2016 at 9:00 a.m. as the date and time of the hearing.

He asked the defense and the public prosecutor to withdraw the citation slips to locate witnesses who will carry the audience.

[badge792]

At a hearing intermediate phase lasted nine hours, the judge guarantees of Cocle, Maria Isabel Pedreschi, gave the order to open the trial against the former governor of Cocle Richard Fifer for November 29, 2016, for allegedly crime of withholding labor-management fees to the detriment of the Social Security Fund (CSS).

At the same hearing, the prosecutor sixth Anticorruption, Aurelio Vasquez, charged him Fifer charges and asked to be sentenced to 84 months (7 years) in prison.

CSS, represented by Humberto Ledezma, joined as a plaintiff to the prosecutor's indictment.

Fifer is accused of alleged withholding quotas through Petaquilla [$ 3.3 million] and Panama Infrastructure Development [$ 3.1 million].

[mopower2u]

Fifer should not be let out of jail till he pays all back fees and any other restitution he owes to the people. He skipped once already, who's to say he won't try to skip again. Where did they finally catch him.....wasn't in Panama that's for sure.

He's a thief and deserves all punishment he gets.

MP2U......formerly Likethesun.

PS. Good work badge on updates.

[badge792]

See....deals can be made with the corrupt. Ok Fifer, let's get PTQ up and running !!!! I want my money back !!!!!!


The Social Security Fund (CSS) announced yesterday at a press conference that there is a payment arrangement with companies Petaquilla Gold, S.A., Panama and Infrastructure Development, S.A., whose president and legal representative is the entrepreneur Richard Fifer.

The Sixth Anticorruption Prosecutor investigates Fifer for allegedly withholding employers contribution, process that had been detained since last February at the headquarters of the National Police in the capital.

However, the judge Cocle Guarantee Albelis Herrera changed the preventive measure preventive detention and imposed a ban from leaving the country, hearing in Penonomé on Monday under the rules of adversarial criminal justice system.

The judge's decision was appealed by the prosecution and the appeal will be decided today, Thursday, in another hearing.

SETTLEMENT OF PAYMENT

Humberto Osorio, deputy director of Legal Counsel of the CSS, said that "there is no arrangement of any payment" with Fifer, and explained that to achieve such agreement the employer owes the institution must pay between 15% and 20 % of the total amount of debt, and is between 24 months and 48 months to honor the entire commitment.

The official recommended Fifer agree on a settlement of at least 20% of the debt.

Last week, Fifer published a notice in the media, in which he publicly asked the executing officer of Cocle, Analida Torres, and the CSS, determine "exactly the amount they owe their companies" to state institutions.

In turn, Maria Eduarda Cordoba, lawyer Fifer, endorsed the statement made by the Deputy Director of Legal Services of the CSS as they have not reached a settlement payment, but said this was not possible because the judge implementing the CSS "does not give us the final and correct figure."

Córdoba documents showed that the executive judge of the CSS in Cocle indicates, through the JEC-N-917-2016 report of August 11, 2016, the amount owed by Petaquilla Gold in the period October 2013 to December 2014 is $ 2 million 827 000 793; while the debt of Panama Infrastructure Development, S.A., for the period October 2013 to January 2015 is $ 2 million 623 thousand 671.

However, the defense Fifer said that these figures do not match the JEC-N-918-2016 report of August 11 this year, which indicated that the mining Petaquilla Gold due to the CSS $ 3 million 333 000 632 and Panama Infrastructure Development SA, $ 3 million 159 thousand 926.

GLOBAL DEBT

The Social Security Fund has reported that 600 thousand criminal cases on nonpayment of workers' employer fee by employers.

According to statistics reports CSS total arrears of employers to the CSS for nonpayment employment benefits to employees is estimated at $ 40 million.

Imprimir0 Comments
0
 0

[badge792]

The Social Security Fund (CSS) warned that there is a payment arrangement with companies Petaquilla Gold, S.A. Panama and Infrastructure Development, S.A., whose president and legal representative is Richard Fifer.

+ info
Entrepreneur Richard Fifer calls on the Social Security Fund quantify debts of their companies to settle them in and out of prison
Judge grants freedom to Richard Fifer and applies measure 'country jail'
They extend complaint against businessman Richard Fifer for alleged scam
Richard Fifer arrested in Colombia
Fifer -detenido since February past- is being investigated by the employer fees retention workers. On Monday, Judge Herrera Albelis Fifer favored a change of injunction and granted barred from leaving the country. The action was appealed by the prosecutor Sixth Anticorruption, Aurelio Vasquez.

Herrera judge based his decision on the allegations of Thomas Góndola lawyer Fifer, who said his client is promoting a payment arrangement with the CSS.

Deputy Director of Legal Services of the CSS, Humberto Osorio said on Tuesday, August 23, at a press conference that respects the decision of the judge, "but does not share". He added that the CSS will appeal the injunction granted, since no records certifying that the companies represented by Fifer have made payment arrangements "established for these cases."

"It's the power of executing judge accept the payment arrangement and to date there is no such arrangement for any employer is required from 15% to 30% of the debt and given a period of 24 to 48 months to pay, but no of the two circumstances he has been "noted Osorio.

The official recommended Fifer agree a settlement of at least 20% of the debt.

Last week, Fifer published a notice in the media, which publicly asked the executing judge Cocle Analida Torres and CSS to determine "exactly the amount they owe their companies" to state institutions.

[mopower2u]

I hope they stick it to him good and keep in jail where he belongs.

LTS...shine on

[badge792]

I love it when retards play dumb.

The former governor of the province of Cocle and president of companies Petaquilla Gold, S.A. and Panama Infrastructure Development, Richard Fifer, asked the Social Security Fund (CSS) the exact amount that both companies owed in respect of the workers' share employer, for which follows a judicial process that keeps him under preventive detention.

In a note sent to the executing judge CSS, Analida Torres Him, the former governor of Cocle asked to be informed about the total amount of debt in order to reach a payment agreement and submit it to the investigating judge .

Fifer remains detained since last February by orders of the prosecutor sixth Anticorruption Aurelio Vasquez, who followed a process for the alleged illegal detention of employers contribution through these companies.

In his note, Fifer says it was not until last June 27 when he was informed for the first time, what forms of payment of such debt would be, so it has decided to accept the payment proposal, but that financial institutions and banking will require the exact amount of debt to cash in financing a loan to pay this commitment.

Notes that "it is worrying that in the absence of the amount of the debt, we keep in custody for an offense because of it not warranted and that this situation is detrimental to the workers themselves who are not contributing and that it undermines the very legal safety of employees and the companies I represent. "

Meanwhile, the director of the CSS, Estivenson Giron, Fifer said yesterday that it has is to "pay" their debt. "I have understood that he knows what you owe, and our address Revenue has certified him his debt," he added.

According Giron, Fifer owes approximately $ 6 million.

[mopower2u]

Hey Badge, glad you're keeping in touch with this court proceedings otherwise nobody would know what's going on.

T-H-A-N-K-S


lts<<<shihne on

[badge792]

Escorted by two agents of the Directorate of Judicial Investigation (DIJ) and carrying a black bag on his hands, covering his wives, entered yesterday the Court of Guarantees of Cocle, Richard Fifer, former governor of the province, to face the intermediate hearing for the alleged withholding of worker-employer contributions to the Social Security Fund (CSS) of companies Petaquilla Gold, for $ 3 million 199 thousand, and Panama Infrastructure Development (PDI), for $ 3 million 331 thousand.

By the Attorney General Anticorruption prosecutor sixth, Aurelio Vasquez, and a group of workers was mentioned companies.

At 9:12 am, the investigating judge, Albelys Herrera, opened the hearing and asked the parties to identify themselves: first did the prosecutor Vásquez, then the attorney CSS, Humberto Ledezma, and then Fifer, who he had no legal representative.

It was reported that Thomas Góndola, lead counsel for Fifer, had another hearing in the Family Court of Chiriqui, so could not attend. Carlos Augusto Herrera while the substitute lawyer, resigned as defense Fifer for late payment of their fees.

Despite not having a lawyer, Fifer requested the floor to speak at the hearing, but Herrera judge warned that automatically apply Article 25 of the Constitution, which states that no one is obliged to testify for or against of himself.

Fifer revealed that a week ago, without determining exact date, the CSS through the executing judge will bid a solution for late payment of worker-employer businesses quotas.

He said that an agreement was welcomed by the board of the CSS was established. Fifer asked the investigating judge within 30 days to complete the offer, since it is the time that will be awarded capital for the settlement of debt payment with CSS. The judge ordered a brief recess, and return, fixed 14 September 2016 as the new date for the interim hearing

Maria Eduarda Cordoba, legal representative of Petaquilla Gold, announced that the agreement is to cancel a payment of $ 1.3 million of the total amount owed to the CSS.

The representative of the CSS, Humberto Ledezma, confirmed that a "negotiation" with Fifer, but Liliana Ortega, a spokeswoman for Petaquilla workers and IDPs, said there that "seeing is believing".

Imprimir0 Comments

[badge792]

http://m.prensa.com/economia/Concluyen-trabajos-mina-Molejon_0_4534796532.html

[mopower2u]

Idk, haven't heard a word whether it was completed or not. I thought it had been confiscated by authorities for compensation.

LTS...shine on

[badge792]

LTS....I thought there was a company assigned to pick up the ore in the piles that they stored ?

[oilslick91]

I hope so!! Does anyone know how to get a list of the shareholders? I imagine if there's any large holders they may know something. Wouldn't Quantum Minerals be interested In it?
Thanks oil

[mopower2u]

Looks like the thief (Fifer) is trying to pass the buck off to someone else (Esquivel). He's nothing more than a common snitch that will throw anyone under the bus to protect his ass.

LTS...shine on

[badge792]

The intermediate hearing to be held on Monday July 11, 2016, Richard Fifer, entrepreneur and legal representative of Petaquilla Gold, was postponed until next August 4.

The rescheduling of the hearing date is given in the context of the resignation of the attorney Fifer and notification to the authorities, a new lawyer handling the case of the employer.

Fifer is summoned to the audiciencia due to the process followed by illegal withholding of dues Social Security Fund (CSS), in the amount of $ 3.1 million.

The information was confirmed by people close to the defense of the president of the mining.

Fifer remains detained in Panama City, but the hearing will be held in Penonomé, under the accusatory penal system (SPA).

In this case, the employer has repeatedly stated that it was not the legal representative of the mine in the period in which they stopped paying dues, August 2013 to September 2014; and then the company was in charge of Rodrigo Esquivel.

This media learned that the CSS agreed to review the last six forms of September 2014, attributed to the employer, and are subject to judicial investigation.