‘ Cuban Court Sentences 74-Year-Old Canadian CEO to 15-Years in Prison for Bribery in a Travesty of Justice’

#AceNewsServices – CUBA – September 28 – A Cuban court has sentenced 74-year-old Canadian auto-mobile executive Cy Tokmakjian to 15 years in prison for bribery and other economic and corruption-related charges, his company, the Tokmakjian Group, announced on Saturday, describing the case as “absurd” and a “travesty of justice.”

' Sentenced to 15-Years in Prison for Bribery '

‘ Sentenced to 15-Years in Prison for Bribery ‘

His two aides received sentences of 12 and 8 years, the Ontario-based transportation firm said in a statement.

' Prison where is being held prior to sentencing '

‘ Prison where is being held prior to sentencing ‘

The National Post reported in June that prosecutors were are seeking 15 years in prison for a Canadian businessman who was arrested in a high-profile crackdown on corruption, Cuban authorities said Monday.

The trial of Cy Tokmakjian, president of an automotive and transportation company, the Tokmakjian Group, concluded June 12 and a ruling is to be announced “in the coming days,” according to an announcement published by Communist Party newspaper Granma and other official media.

The case is being watched closely by the foreign business community in Cuba. President Raul Castro’s government has said there is no place for graft in the country, although foreign executives say gifts or cash payments are often demanded in business dealings conducted with low-paid government officials.

The company’s Cuban offices were raided in 2011 in an anti-graft investigation and round $100 million worth of the company’s assets were seized.

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