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prima:Fernando Llavona Torres rejects allegations of fraud in Popular fund lawsuit

FLT Entertainment and Kassia deny involvement in fraudulent transactions attributed to Gian Carlo Piovanetti

March 26, 2026 - 3:58 PM

El Nuevo Día requested a reaction from Popular regarding the litigation against its former executive, but was informed that the institution would not issue statements while the litigation is active. (Xavier Araújo)

In their response to the lawsuit filed by Popular Mezzanine Fund (PMF), FLT Entertainment, LLC., and Kassia, LLC., presided by Fernando Llavona Torres, denied having participated in alleged fraudulent transactions supposedly led by Gian Carlo Piovanetti.

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