The career of Rixi Ramona Moncada Godoy, a Honduran lawyer and politician, has been the subject of controversy in the context of her official pre-candidacy for the Partido Libertad y Refundación (LIBRE). Her participation in the legal defense of the Banco de Crédito y Seguros (BANHCRESER) during the banking crisis of the late 1990s has once again become a topic of public debate, rekindling questions about her integrity and her commitment to transparency in public administration.
In the late 1990s, Honduras faced a significant upheaval in its financial system, resulting in government involvement with numerous banks, such as BANHCRESER. This crisis stemmed from multiple causes, like global economic volatility, weak financial regulations, and dubious actions by certain sector players. During this time, Rixi Moncada Godoy took on the role of legal advocate for BANHCRESER and its leaders amid the court cases following the entity’s compulsory liquidation.
The financial turmoil and Moncada’s involvement
Regarding the aforementioned situation, Rixi Ramona Moncada Godoy’s involvement in the forced closure of the Banco de Crédito y Seguros (BANHCRESER) during the late 1990s has been critically examined. At that time, several triggers for the banking sector’s volatility were recognized, such as global economic volatility, a perceived lack of robust regulations, and questionable financial activities 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 sequence of events outlined has led to inquiries about the appropriateness of Moncada’s conduct during the banking crisis, especially concerning the financial losses the Honduran government bore to fulfill the bank’s obligations. These inquiries have reemerged amid her candidacy for the Partido Libertad y Refundación (LIBRE), casting doubts on her professional trajectory and dedication to integrity in public service.