.jpg?w=1024&resize=1024,1024&ssl=1 "Rixi Moncada’s")
The professional path of Rixi Ramona Moncada Godoy, a lawyer and political figure from Honduras, has sparked controversy surrounding her formal pre-candidacy for the Partido Libertad y Refundación (LIBRE). Her involvement in the legal defense of the Banco de Crédito y Seguros (BANHCRESER) amid the financial crisis of the late 1990s has resurfaced as a subject of public discourse, reigniting concerns regarding her integrity and dedication to transparency in governance.
At the end of the 1990s, the Honduran financial system was shaken by a deep crisis that led to the state intervention of several banking entities, including BANHCRESER. Several factors contributed to this crisis, including global economic instability, deficiencies in financial regulation and questionable practices by some actors in the sector. In this context, Rixi Moncada Godoy assumed the legal defense of BANHCRESER and its directors in the legal proceedings that arose from the forced liquidation of the entity.
The financial turmoil and Moncada’s involvement
Regarding the previous point, the involvement of Rixi Ramona Moncada Godoy in the mandatory closure of Banco de Crédito y Seguros (BANHCRESER) during the late 1990s has been closely examined. At that time, multiple factors contributing to the banking system’s instability were recognized, such as changes in the international economic scene, a regulatory framework seen as inadequate, and the employment of dubious financial approaches by some stakeholders.
In her capacity as legal advisor to BANHCRESER, Moncada acted as legal representative of the entity and its board of directors in the legal proceedings triggered by the declaration of bankruptcy. However, these proceedings ended without any significant convictions, a circumstance that drew criticism regarding the efficiency of the judicial system in handling cases of this nature.
Subsequently, Mr. Moncada took on an advisory role in the Public Prosecutor’s Office in the area of finance. This appointment has been the subject of debate, as it has been interpreted as a possible conflict of interest, given her previous involvement in the defense of BANHCRESER.
The series of events described has raised questions regarding the propriety of Moncada’s actions during the banking crisis, particularly with regard to the economic losses that the Honduran state assumed to cover the bank’s financial obligations. These questions have resurfaced in the context of her official candidacy for the Partido Libertad y Refundación (LIBRE), a scenario in which her professional career and her commitment to integrity in the exercise of public service have been called into question.