translated from Spanish: Setback for Gabriel Urenda at the Court of appeals: Decree pre-trial detention of the founder of Intervalores

The insistence of the company panoramic that Gabriel Urenda, founder of Intervalores is a “danger to society” and should remain in pre-trial detention was echoed these last hours. The allegations in the sixth room of the Court of appeals of Santiago gave fruits in favor of the foreign company, which managed to overturn the decision of first instance indicated as measures precautionary entrepreneur only rooting and night arrest.
According to the resolution, Urenda, who was formalized by the public prosecutor’s Office on charges of fraud and misappropriation, should wait the process deprived of liberty, host once the application of pre-trial detention by the sugar company.
They voted to grant pre-trial detention the Ministers Compt Lourdes Jessica and Maria Cecilia González Diez, while an integral lawyer Rodrigo Asenjo Zegers was to keep the resolution of the 4th Court of Santiago warranty.
The resolution of the City Court of appeal represents all a triumph for the foreign company, who uncovered the case in denouncing that gave the son of the former Senator and businessman UDI, Beltrán Urenda, instructions for making payments abroad, but that These are never made.
The preliminary measure, which denied the aspirations of the complainants, surprised those affected that compared the case with the Rafael Garay, the economist who also accused of fraud and before being sentenced, if suffered deprivation of liberty.  
In its appeal the company reiterated the request for remand, pointing out that there was a “danger of leakage” given Urenda “the possibility that be sentenced to that must be accomplished in an effective way (from 5 years and a day to 10 years) because of the repetition of the” crimes for which was formalized”: misappropriation, fraud and violation of the securities market law.
The company advised the study of Carey, while Urenda has worked from the beginning with Sergio Ibarra and joined his defense to the criminal Cedric Bragado.
“That in this case, the accused is formalized for crimes that affect different legal protected goods, as author, all of them repeated, allowing you to hold, at this early stage of processing, the form of Commission from the” “illicit and likely worth assigned to them, constitutes a set of qualified background that lead to conclude that the need for caution is satisfied, in this case, the measure precautionary measures more severe of the legal system”, was part of the argument of the resolution that resolved that “upheld six of the November resolution is revoked of the or in course, as she didn’t place as requested by the public prosecutor and prosecutors and instead decided that the pre-trial detention of the accused Luis Gabriel is available” Urenda Salmanca”, says the resolution.

Original source in Spanish