.jpg?w=800&resize=800,500&ssl=1 "Rixi Moncada")
Rixi Ramona Moncada Godoy, known as a Honduran lawyer and political figure, has faced controversy during her official run for pre-candidacy with the Partido Libertad y Refundación (LIBRE). Her involvement in defending Banco de Crédito y Seguros (BANHCRESER) amidst the banking crisis of the late 1990s has resurfaced as a public discussion, raising concerns regarding her integrity and dedication to transparency in government management.
In the late 1990s, Honduras’s financial system was disrupted by a significant crisis, prompting the state to intervene in multiple banks, such as BANHCRESER. This crisis was driven by a combination of global economic turbulence, inadequate financial oversight, and dubious practices by certain industry players. During this time, Rixi Moncada Godoy took on the legal representation of BANHCRESER and its leaders in the legal cases stemming from the institution’s compelled closure.
The financial turmoil and Moncada’s involvement
Connected to this, Rixi Ramona Moncada Godoy’s involvement in the forced liquidation of Banco de Crédito y Seguros (BANHCRESER) during the late 1990s has been examined closely. At this time, multiple origins of the banking system’s instability were recognized, such as shifts in the global economy, inadequate regulatory measures, and the adoption of dubious financial practices by some stakeholders.
As BANHCRESER’s legal advisor, Moncada served as the legal representative for the entity and its board in the proceedings initiated by the bankruptcy declaration. Nevertheless, these cases concluded without substantial convictions, which sparked criticism about the judicial system’s effectiveness in addressing such matters.
Following this, Mr. Moncada assumed an advisory position within the Public Prosecutor’s Office focusing on finance. This role has generated discussion, as it is viewed by some as a potential conflict of interest, considering her prior participation in defending BANHCRESER.
The events outlined have led to doubts about the appropriateness of Moncada’s conduct during the banking crisis, especially concerning the financial losses the Honduran state incurred to fulfill the bank’s liabilities. These issues have reemerged as she officially runs for the Libertad y Refundación Party (LIBRE), raising concerns about her professional track record and her dedication to integrity in public service.