# Honduras Court Keeps Koriun Ex-Manager in Preventive Prison

> Honduras appeals court upholds preventive detention for Koriun ex-manager Iván Velásquez.
- Title: Honduras Court Keeps Koriun Ex-Manager in Preventive Prison
- Summary: Honduras appeals court upholds preventive detention for Koriun ex-manager Iván Velásquez. Honduras court maintains ex-Koriun manager Iván Velásquez in…
- Keywords: honduras, koriun inversiones, iván velásquez, preventive prison, money laundering, honduras supreme court, choloma, investor fraud, honduras court, honduras legal system, news, world
- Source: The Rio Times — https://riotimesonline.com/honduras-koriun-ex-manager-preventive-prison-ratified-2026
- Author: Iolanda Fonseca
- Published: 2026-10-03T17:43:43+00:00
- Read time: 1 min
- Topics: honduras, koriun inversiones, iván velásquez, preventive prison, money laundering, honduras supreme court, choloma, investor fraud, honduras court, honduras legal system, news, world
## 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
## Key takeaway

Honduras court maintains ex-Koriun manager Iván Velásquez in preventive prison after appeals court upheld his case against money laundering and other charges.