Convicted: Ex-CEO of Mansion, Karel Mañasco, Imprisoned for Contempt
In a significant legal development, Karel Manasco, a former executive, has been sentenced to 12 months in prison by a Gibraltar court. The ruling comes as part of an ongoing dispute between Manasco and his former employer, Mansion Group [1][2].
The court's decision stems from allegations that Manasco breached a worldwide freezing order and made a false statement. The freezing order is a legal measure designed to prevent the disposal or dissipation of assets during litigation. Additionally, Manasco is accused of providing false information related to the case [1].
The breaches led to Manasco's imprisonment for 12 months, with the possibility of a six-month reduction if he repays the transferred funds [1]. However, it's important to note that Manasco denies all the allegations against him.
Mansion Group and Onisac Limited have accused Manasco of misappropriating close to £5 million. The claims include excessive self-approved salaries and bonuses, unauthorized transfers, and use of corporate funds for personal luxury purchases [1].
The court's ruling also includes a financial penalty of $3 million to be paid to Mansion Group. Despite the sentence, Manasco still has the option to file an appeal within 14 days without requiring court approval [1]. In Gibraltar and similar jurisdictions, the convicted party can seek to appeal the judgment in a higher court, challenging the factual findings or legal basis of the order [1].
This legal dispute highlights the serious consequences of breaching legal orders and providing false information. As the case progresses, further developments are expected to unfold, potentially including an appeal from Manasco or further legal action from Mansion Group.
[1] [Source 1] [2] [Source 2]
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