From The Rio Times · Iolanda Fonseca · · 1m 20s
Honduras Court Keeps Koriun Ex-Manager in Preventive Prison
Honduras appeals court upholds preventive detention for Koriun ex-manager Iván Velásquez.
In brief
Honduras appeals court upholds preventive detention for Koriun ex-manager Iván Velásquez. Honduras court maintains ex-Koriun manager Iván Velásquez in preventive prison after appeals court upheld his case against money laundering and other charges. Originally reported by The Rio Times.
Honduras Court Ruling
A Honduras appeals court upheld the case against former Koriun Inversiones manager Iván Velásquez, keeping him in preventive prison.
“The court rejected all defence appeals, confirming the indictments of four Koriun defendants”
Koriun Investment Scheme
Koriun promised 5 percent weekly returns to investors but collapsed after April 2025 raids.
“Koriun was an unauthorised investment business in Choloma that collapsed after raids in April 2025”
Cash Found in Raids
Raids on 23 April 2025 found L358.2 million in cash across seven sites, including L125 million at Velásquez's home.
“El Heraldo reported they found L358.2 million in cash (about US$13.3 million) at seven sites”
Three Other Defendants
Three other Koriun defendants face money laundering and criminal association charges and remain in preventive prison.
“The court also confirmed the indictments of Marcos Abel Villeda Galdámez and Juan Carlos García Ríos”
Investor Pressure
Investors marched in Choloma on 25 September demanding Velásquez's release after he promised to repay them once free.
“On 25 September a group marched through Choloma demanding his release”
Defence Claims
Defence lawyer reported Velásquez was beaten in prison and sought house arrest, but authorities have not confirmed the assault.
“On 17 September defence lawyer Omar Dúbon told El Mundo Velásquez had been beaten in the maximum-security unit”
No Trial Date
No trial date has been reported, and the forensic report on Velásquez from 3 September has not been released.
“The result of a forensic evaluation of Velásquez on 3 September 2026 has not been made public”
Investor Recovery
Part of the frozen funds was ordered returned in May 2025, but most of the money could not be traced by February 2026.
“La Prensa reported in February 2026 that most of the cash could not be traced”
The key point
Honduras court maintains ex-Koriun manager Iván Velásquez in preventive prison after appeals court upheld his case against money laundering and other charges.
