• Submitted by: Luis Manuel Mazorra
• Business and Economy
• 10 / 19 / 2011

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The Cuban authorities closed the offices in Havana of Coral Capital Group, which claimed a $ 1.000 billion in planned investments, and arrested a Vice Minister of Sugar.

Several government employees in the eastern city of Santiago de Cuba also were penalized for driving too bad the construction of a water treatment plant, a facility had to be demolished and re-build.

Cuban President Raul Castro has faced a growing number of corruption cases since he succeeded his brother Fidel in 2006, although it is unclear whether corruption is spreading or if the government is finding more cases.

With many state enterprises in the hands of active or retired officers of the armed forces and the Ministry of Interior.

Havana offices of Coral Capital Group have been closed, and its chief executive, Amado Fakhro, a British citizen, was arrested, according to information from Havana Reuters news agency.

Nelson Labrada, Vice Minister of Sugar, was arrested last month, apparently as part of an investigation that also related to the Grupo Coral Tokmakjian Capital, based in Canada, and Tri-Star Caribbean, said Reuters.