Banco Popular aid intervention by the Supreme Court in dispute with Felix “Tito” Trinidad

The abogados of Banco Popular de Puerto Rico presents to the Tribunal Superior a petition ante el to see if a determination of the juez Anthony Cuevas Ramos is effective transfer a sum of money to the accounts of the boxing world championship, Félix “Tito” Trinidad.

It is the ultimate remedy that the financial institution needs to resolve a controversy that began in 2020 when two pages were broken down as part of a 2014 date.

Last November, Cuevas Ramos resolved that Popular Bank should deposit in a period of 24 hours the sum of $ 720,000 to a personal account of Trinidad, as well as the interests accumulated at a rate of 4.5%. We have also announced that we will allocate $ 444,800 in addition to 4.5% interest rates on another account at Oriental Bank for a total of $ 1,184,800.

Without embargo, the legal presentation of Banco Popular solicited the Tribunal de Apelaciones that the detainees were detained following the argument that the decision of Cuevas Ramos was “errada”. Of the three juices decided ‘not to lie’ while the judge Grace Grana Martínez sent a dissident vote. Aun asi, the institution sometió una heroorweging que tampoco tuvo écito.

By that, it is now before the Supreme Court. However, it is not the first time that Banco Popular has applied for the intervention of the High Forum. In the previous two weeks, the juices will be heard by not intervening in the case, validating the determinations in the General Court of San Juan.

“We have 10 days to present our written arguments that will basically be the same. In the past two weeks the Supreme Court has opted for no action and we will see if it is correct, ”said Eric Questglas, Trinidad’s attorney.

Trinidad y Banco Popular agreed in 2014 that monthly money transfers would be made to supplement the mortgages of a mortgagee and, in addition, the personal guests. Banco Gewilde maintains that the balance that generates interests to complement with the agreement is agotó. Since March 2020, the final point has been reached, which, possibly, was reversed by Juvez Cuevas Ramos.

The controversy has not been related to the demand that Trinidad radio in 2014 with miras to recover part of the fortune accumulated during his career in the boxed box. The global advertising campaign advertises that it was adequately assessed when it transferred its balances and a line of credit that increased to $ 20 million from Wells Fargo to Banco Popular.