The Deputy Prosecutor for Economic and Tax Crimes confirmed that there have been six raids on Movistar and its subsidiaries.

The raids were carried out to obtain evidence for an investigation into the alleged crime of fraud against the government’s public finances.

The prosecutor reports that the raids, approved by a judge, were carried out between 8 a.m. and 12 p.m. in six locations. Those locations were: " Costa Rica TC SA (known as Telefonica), its subsidiary company Tejisa, the law firm Bufete Zurchher Odio & Raven, the tax advisory company KPMG, and two water houses used to store documents of Telefonica.” said the report.

Investigators state that the case was opened following a complaint filed on December 14, 2017 by senior executives of the Ministry of Finance.

According to the complaint, "fraudulent maneuvers that consisted in the creation and interposition of the subsidiary company were made so that, subsequently, Telefónica Company sold the essential assets."

The prosecution says that both companies (Telefonica and Tejisa) signed an "asset purchase and sale contract,"  in which Telefónica granted a financial loan to the subsidiary company Tejisa, as this one did not have the capacity or economic solvency to purchase those assets.

The hypothesis of the prosecutor's office states, "it is presumed that, on the same date of the purchase agreement (in December 2017), another lease was signed between both companies, which allowed Telefónica to deduct and declare a rental expense of assets before the Costa Rican treasury, for goods that were never concluded."