Thursday, January 22, 2009

Institutions created a charitable foundation to administer an estate millionaire

Read article in Spanish - click here

Panama .- Six charitable institutions of Panama formed today at the Foundation for the Support of Poor Children in the country to receive and administer the estate in a will left millions for over two years by a U.S. investor.

Formed by the Pro-Children of the Darien National Association Pro Nutrition (Nutrehogar), the Association of Religious Mercedarios The Orphanage "San Jose de Malambo," SOS Children's Villages City and the patronage of the Child, the group aims to support "viable programs in accordance with the needs of children" proposals by third parties.

The members of this foundation, all long-and prestige in the country, were invited by Richard Lehman, executor of the deceased, legally constituted as "natural recipient" of the will of his client, as he explained today in a wheel press.

Upon his death in June 2006, Wilson C. Lucom, diplomat and investor based in Panama, left an estate valued at 50 million dollars to poor children in Panama ", without defining how to share his legacy.

The family of his widow will protest and engaged in a legal process that has reached the Supreme Court, which is pending for a year.

In the event that the Supreme Court ruled in favor of the will of Lucom, the new foundation would be its main beneficiary, according to an agreement reached with Lehman lawyer.

"It is in the hands of Panamanians to join me to speak before the Supreme Court in defense of the nation's children," noted Lehman through a translator.

The challenge will also let different amounts of cash and annuity pension to his widow, Hilda Piza, friends and colleagues.

On behalf of his mother, the children of Piza (84), challenged the will and for more than two years the parties have conflicting arguments ventilated in the courts of justice and international media, ranging from attempted murder , extortion, bribery and criminal association removed to another reason.

According to Octavio Del Moral, counsel for the case in Panama, despite the High Court ruling in favor of Lucom testament to his political family filed an appeal before the Supreme Court, which he hoped "to be resolved soon."

On November 26 the National Council of Transparency of Panama, responsible for identifying and preventing acts of corruption in government, charged that the heirs of the widow of Lucom, not directly related to the testator, "brought more than 13 fraudulent criminal allegations "against the executor of the will, causing the suspension and delay the process of succession.

Information on the case with which the executive secretary of the Council, Alma Montenegro, was that "two prosecutors acted irregularly in the investigation of allegations that, on the other hand, were dismissed for lack of consistency.

Property Lucom ceded testament "to the poor children of Panama is known as the Santa Monica, an area of 3,000 hectares along the Pacific coast of Panama, currently dedicated to the cultivation of grains and fruits and livestock.

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