Seeks letter rogatory requiring GTC Bank to disclose $19M deposit records
May 28 2025
BDT Investments Inc.
This motion, filed on May 28, 2025 by BDT Investments Inc. before the Twelfth Civil Court of the First Judicial Circuit of Panama, requests the court to issue an international letter rogatory to Guatemalan judicial authorities requiring GTC Bank to provide detailed information on the accounts linked to Villamorey, S.A.'s $19,000,000.00 deposit. The filing is part of a two-pronged evidentiary strategy: this motion targets the bank, while a companion motion filed the same day requires Villamorey to render a direct accounting. Both seek, through international judicial cooperation, the financial information that prior efforts failed to secure.
BDT asks GTC Bank to report the current status of the accounts, the total deposit amount, the opening date, and the general terms of the corresponding financial instruments. The bank is further required to disclose whether the funds have been withdrawn, transferred, or frozen, identifying the beneficiaries, amounts, and modalities of each transaction. The request includes certified copies of the complete bank file and consolidated records of all transactions.
The motion references Order No. 898 of April 12, 2022, through which the Twelfth Civil Court lifted the attachment decreed by Order No. 1838 of December 12, 2012 over the funds that Villamorey was required to deliver to Lisa at GTC Bank, assigned to BDT under the judicially approved settlement. Despite the lifting of the attachment and its appellate confirmation, BDT has been unable to access the funds. A February 2025 motion requested a direct order to the bank for release of the funds, but with no result forthcoming, this new filing invokes international judicial cooperation to obtain, at minimum, the banking information necessary to determine the actual status of the $19,000,000.00.