Tag Archives: hondutel

4 Years for Paying Hondutel Bribe

A telecommunications entrepreneur from Colombia was sentenced today to nearly four years in prison in federal court in South Florida, for having paid hundreds of thousands of dollars in bribes to officials in Honduras.

Jorge Granados, standing next to his attorney, John Wylie, heard Judge Joan Lenard announce his sentence. Afterward Granados hugged his children and wept with relatives.

No statements were made after learning of his sentence, but during the hearing Granados told the judge: “I made a mistake, I am sorry … My family is destroyed, I am in bankruptcy,” he said in English.

Judge Lenard also ruled that Granados will spend two years of the 46 months in prison under probation. Granados will continue probation until October 25th, when he will begin serving his sentence in prison.

The Colombian-American faced a sentence of up to 20 years in prison. His lawyer said he would appeal the ruling.

Judge Lenard released the statement, “I find that a sentence of 46 months’ imprisonment is appropriate, is reasonable.”

In December 2010, the U.S. government accused Granados of breaking anti-bribery regulations, and money laundering while serving as CEO of the telecommunications company in Miami, Latin Node.

Granados, 55, pleaded guilty in May, and faced a total of 19 charges.

According to the prosecution, Granados and other Latin Node executives paid more than half a million dollars in bribes to officials in Honduras to secure contracts and tariff reductions with the state telecommunications company Hondutel.

Prosecutors alleged that bribes were paid between September 2006 and June 2007, and that beneficiaries included officials close to President Manuel Zelaya, who was ousted in June 2009.

Although their names do not appear in the documents, Attorney Jeffrey Knox said two bribed officials were former Hondutel managers Marcelo Chimirri and Jorge Rosa, who maintained a close relationship with Zelaya.

“The judge had a difficult decision,” said Granados’ attorney, “I respect the decision of the judge.”

GENBAND to Modernize Honduras Communications

GENBAND has been selected by Laticom to enable the modernization and IP transformation of the nationwide communications network in Honduras.

The U.S.-based IP telecom and technology company, Laticom, will use the GENBAND GENiUS platform to enable Hondutel, the largest telcom in Honduras, to deliver advanced telephony, data, IP and integrated multimedia services.

“We chose to partner with GENBAND for their unmatched expertise and unique ability to transform the network of Honduras with a unified, IP-based solution,” says Juan Nelson, founder of Laticom. “We are confident that the scale, flexibility and simplified network architecture enabled by the GENBAND GENiUS platform will significantly reduce Hondutel’s total cost of ownership. Utilizing the GENBAND Global Service and Support Organization’s technical depth and unique transformation tools, we will enable Hondutel to evolve its network quickly, and operate it efficiently. Upon completion of this groundbreaking initiative, Hondutel will be able to offer the citizens of Honduras cutting-edge communications services via one of the most advanced telecom infrastructures in the world.”

Hondutel Grants $200,000 Credit Line

PRESS RELEASE: AppTech Corp (Pink Sheets: APCX) is pleased to announce that its wholly owned subsidiary, Oronoco Telecom, LLC has obtained a credit line of $200,000 from Honduran based Xceed Call Center. Xceed is a licensed and authorized reseller of Hondutel, Honduras’ largest telecommunication carrier. Oronoco will make use of the line of credit to purchase communication services from Hondutel and offer the products/services to its customer base in the USA and Europe. Honduras is a top vendor for interconnected telephone traffic to Central and South America.

Daniel Miroli, President of Oronoco commented: “We are delighted with this opportunity as it will enable Oronoco to have more flexibility with contractual payment terms with its customers.” Eric Ottens, CEO of AppTech, added: “This is one more step in the new direction that we are taking Oronoco for the purpose of establishing a solid revenue base.”

About AppTech Corp

AppTech Corp is developing mobile application market places serving emerging markets in Latin America, Brazil and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone and Google’s Android. In addition, through its wholly owned subsidiary, Oronoco Telecom, AppTech is working on securing agreements with top communication companies in Central America, South America and The Caribbean.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will’”or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report.