The decision of the Governing Council to suspend and replace five members of the Board of Directors of the Bank of Costa Rica (BCR) is illegal, according to constitutional lawyers consulted by the press.
On October 3rd, the Government announced the suspension of the five members of the Board of the BCR who did not accept the resignation proposed by President Luis Guillermo Solís.
The dismissal must be justified. Then, it would be necessary to make a procedure to determine that there were real grounds for the dismissal, otherwise that could arrive at an Administrative Contentious Court,”
explained lawyer Rubén Hernández.
Casa Presidencial took the decision to suspend them despite the fact that four of them denounced many of the irregularities that occurred with the granting of credit to the Chinese cement importer and that they carried out several investigations in this regard.
It is clear that the figure of the suspension is illegal (…) The law states that the removal of the charge or dismissal of the appointment of directors of a bank, such as the BCR, can only be done with a previous report from the Superintendency of Entities (Sugef),”
added José Miguel Villalobos.