Posts Tagged ‘Amado Fakhre’

Cuba: Risky business

Thursday, October 2nd, 2014

Canadian businessman Cy Tokmakjian, age 74, was sentenced to 15 years in jail, effectively a life sentence, by the Communist regime, after

Cuba offered to free jailed Canadian executive Cy Tokmakjian in return for $55-million and company assets, his company said on Monday, but the deal fell through because the firm didn’t have the money and the businessman wanted to clear his name.

Of course he was denied that chance, was convicted of bribery and other economic charges, and the Communist thugs carried on as usual,

Cuba seized about $100-million worth of the firm’s assets on the island and also sent two Tokmakjian aides[,Claudio Vetere and Marco Puche,] to prison.

Peter Foster writes about the Risky business in Cuba
After forty years of ‘constructive engagement’ with Cuba, government-backed Canadian investment has effectively propped up the regime
Read the whole article.

Among other businessmen who have been imprisoned: Krikor Bayassalian, Nessin Abadi, Sarkis Yacoubian, Stephen Purvis, Amado Fakhre.

Cuba: Lie down with dogs…

Friday, November 18th, 2011

… end up in jail.

For those believing the lies about the Communist regime’s “easing”, read and learn:

Business in Cuba
A risky venture
Arrests of foreign businessmen reflect the cautious pace of reform

Most recently, on October 11th, Amado Fakhre, a British citizen and the head of Coral Capital, an investment fund, was woken at dawn and taken for questioning by state security agents. He has been held without charge ever since. His company owns Havana’s poshest hotel in partnership with the government, and hoped to win a $400m contract to build homes around a golf course. Its Havana office has been closed and declared a crime scene.

Two Canadian executives, Sarkis Yacoubian and Cy Tokmakjian, have met a similar fate. Their questioning has gone on for months, again without charge. Their companies imported cars (including the president’s fleet of BMWs) and machine parts destined for nickel mining.

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