Cuba asked for $55 mln, assets to release Canadian CEO -company
Source: Reuters
TORONTO, Sept 29 (Reuters) - Cuba had offered a deal to release a Canadian executive sentenced to 15 years in prison last week in return for C$55 million and company assets, the Canadian firm's officials said on Monday.
Cy Tokmakjian, 74, was convicted of bribery and other economic charges. Two of his aides from the Tokmakjian Group, an Ontario-based transportation firm, received sentences of 12 and 8 years. Fourteen Cubans were also charged.
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Cuba has yet to comment on the verdict or the sentencing. A call on Monday to the Cuban embassy in Ottawa for comment was not returned.
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The charge of economic crimes against the state involved the alleged late delivery of equipment, while the bribery charges included salary top-up payments to employees in joint venture operations, the company said.
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"The bribery charges are things that are also ludicrous," Hacker said. "We would pay incentives to our staff in Cuba like every company does in Cuba. Everything we did in Cuba was normal."
Read more: http://finance.yahoo.com/news/cuba-asked-55-mln-assets-175915182.html
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