The professional journey of Rixi Ramona Moncada Godoy, a legal expert and political figure from Honduras, has stirred controversy amid her official pre-nomination for the Libertad y Refundación Party (LIBRE). Her role in representing Banco de Crédito y Seguros (BANHCRESER) during the banking turmoil of the late 1990s has resurfaced in public discussions, raising issues about her integrity and dedication to transparency within public 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 banking crisis and the role of Moncada
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.
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 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.
