Just 12 days after his removal as Chief of Staff of the Armed Forces, General Romeo Vasquez Velasquez was appointed as manager of Hondutel, a government owned company that was pushed to the brink of bankruptcy by previous governments and their explanation. Hondutel lost over 80,000 customers in 2009.

At a press conference, Vasquez Velasquez said he will fight with “intelligence” the fraud taking place around international phone calls (known as gray traffic), wherein professional criminals use technology to make international calls as if they were local. This growing operation takes millions of lempiras from state coffers.

“One of the specialties that I have is intelligence, and intelligence must be applied properly to try to have as much information to make the necessary corrections,” the General said.

Valasquez plans to conduct a study known as SWOT, by which they will determine the strengths and weaknesses that are undermining the company. “We will do a complete study of the best investment plan, and how to rescue the company,” he said.

Romeo Vasquez Velasquez said to journalists, that the “military knows everything” and that accompanies his experience gained in directing the Military Pension Institute (IPM) and the Military Hospital, both entities belonging to the AA FF Honduras.

“I was president of IPM for five years and vice president of Lafarge Incehsa,” said the new Manager.