No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessUPDATE: Costa Rican police raid law offices in connection with €8.5 million...

UPDATE: Costa Rican police raid law offices in connection with €8.5 million fraud investigation

Update: Aug. 18, 5:12 p.m.

Antonio Robles, name partner of Robles Oreamuno y Asociados, the law firm searched by Judicial Investigation Police (OIJ) Tuesday morning, told The Tico Times that the firm had severed ties with a Dutch client who allegedly purchased real estate in Costa Rica with funds from a multi-million-euro scam more than three years ago.

“We are totally unaware of any illicit activities involving him,” Robles said.

The lawyer said that the firm did set up a corporation for the Dutch suspect, Fred Kras, to buy property in Costa Rica but that the firm was unaware of any possible wrong-doing at the time.

Robles said that at some point more than three years ago Kras had told them that he had legal troubles in the Netherlands but would not elaborate. Upon hearing this, Robles said the firm decided to cut ties with Kras and no longer represent his interests in Costa Rica. The firm sent a letter dated Feb. 24, 2014 to Kras’ lawyer in Spain — where the Dutchman was arrested in 2010 — repeating their board’s decision to drop him as a client.

Original article continues here:

Judicial Investigation Police (OIJ) raided the law offices of Robles Oreamuno in downtown San José and in the Pacific beach town of Quepos on Tuesday in connection with a €8.5 million fraud investigation.

OIJ spokeswoman Xinia Zamora said that the raid aimed to discover if the law firm was aware of the illicit source of money used to buy properties in Costa Rica by Dutch businessman Fred Kras. The Dutchman was arrested in Spain in 2010 for defrauding investors in a solar energy scam between August 2007 and September 2009. The funds collected in the scam were invested in Spain and Costa Rica, Zamora said. Kras is under arrest in the Netherlands.

Robles Oreamuno set up a corporation used to buy properties in Costa Rica for the fraudster, whose name Costa Rican authorities have not yet made public.

Besides the law firm in San José, two other properties in Quepos were raided by police in the search for evidence.

This story is developing. Follow wordpress-257819-2837440.cloudwaysapps.com for updates.

Trending Now

Panama’s Noriega Sets Precedent for U.S. Capture of Maduro in Venezuela

The recent U.S. military operation that led to the capture of Venezuelan President Nicolás Maduro echoes a chapter from Latin American history: the 1989...

Protesters Rally Outside U.S. Embassy in San José Against Venezuela Intervention

Protesters gathered outside the U.S. Embassy in San José on Saturday afternoon to voice opposition to recent American military actions in Venezuela. The demonstration...

Political Campaigns Ramp Up in Costa Rica as Holiday Ban Ends

With the new year underway, Costa Rica's political scene shifts back into high gear. The mandatory holiday truce on campaigning, enforced from December 16...

My Twice Yearly Parasite Routine in Costa Rica

Intestinal parasites are my companion in Costa Rica. Every six months or so I make a trip to the pharmacy and ask for pastillas...

New York Times Spotlights Costa Rica’s Osa as Top 2026 Travel Pick

The Osa Peninsula has landed on The New York Times' annual list of 52 places to visit in 2026, ranking fourth overall. This recognition...

Novak Djokovic Steps Away from PTPA, Citing Transparency Issues

Novak Djokovic, the 24-time Grand Slam champion, has ended his association with the Professional Tennis Players Association (PTPA), the players' group he helped establish...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica