Newsroom & Opinion

Cartica Responds to CorpBanca Latest Statements in its Confusion Campaign to Defraud Minority Shareholders

June 13, 2014
Press Releases

Washington, D.C., June 13, 2014 – Cartica Capital today made the following statement:

“CorpBanca ” the bank whose controlling shareholder, Alvaro Saieh, recently admitted withholding required material disclosures from investors for 5 years ” continues to attempt to confuse the market and change the subject whenever the subject is its Board’s failures to ensure that all CorpBanca shareholders are treated equally.

“Cartica’s goal in bringing our lawsuit always has been to enjoin the fraudulent transaction so that a new one can be structured on terms that treat all shareholders equally. Similarly, the disclosures we seek also benefit all CorpBanca shareholders. For CorpBanca to attempt to characterize our damages claim, to which any holder of CorpBanca ADRs who receives fraudulent information is entitled, as a ‘special payment’ is shameless.

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