Tuesday, August 30 the software company Tecnologías Lógicas SA requested the forced liquidation of Banco Itaú for an unpaid bill of $5,427 million (about $6.2 million).
The lawsuit -presented before the 19th Civil Court of Santiago- surprised the bank’s legal department, so they decided to go on the offensive: They went to the lawyer of their external legal team, Juan Domingo Acosta, to sue for forgery and malicious use of a false commercial private instrument, fraud and presentation of false evidence.
The relationship between both parties dates back to January 1, 2009. On March 31, 2021, Itaú communicated to Tecnologías Lógicas its intention to terminate the contract early.. That’s where the problems began: in April of that year the software firm reported that there were unpaid services.
After analyzing said accusation, Itaú concluded that “there was no support whatsoever for its claim or for the alleged pending payment obligations.”
Months later, Logical Technologies returned to the fray and, According to Itaú, it began “to deploy a successive set of deceptions and fraudulent conduct.”
Specifically, they accuse the software firm of issuing a series of invoices without justification. In an email from July 2021, the company reported that Itaú owed $57,650,000,000, an amount that, according to the bank, “was not supported by fact or law.”
Talks between the two sides were frozen, but bills continued to arrivethis time, according to the complaint, “changing the correlative numbering and the description or gloss of the service.”
The conflict affected the startup Xepelin. Logical Technologies tried to transfer one of the electronic invoices to the fintech, which quickly informed Itaú that they had detected “that the operation was a fraudulent request.”
Then Itaú sued “against all those who are responsible”, He asked that the PDI Economic Crimes Brigade be dispatched to investigate, and summoned Samuel Novoa, general manager of Tecnologías Lógicas SA, among other executives linked to the company, to testify. His reply should arrive in the next few days.