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September 20, 2014 / 25 Elul, 5774
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Posts Tagged ‘Jacob Ostreicher’

Ostreicher Released from Bolivian Prison

Tuesday, December 17th, 2013

Jacob Ostreicher, a New York businessman held in Bolivia since 2011, is back in the United States.

Two Jewish news websites, JP Updates and Algemeiner, reported Monday that Ostreicher returned Sunday to New York, although the circumstances of his departure from Bolivia are not clear.

Ostreicher, who had a flooring business in New York, invested money with a group involved in a rice-growing venture in Bolivia and was managing the business when he was arrested on suspicion of money laundering. He also was accused of doing business with drug traffickers.

However, in June, Bolivian authorities arrested 15 people — including government officials — on charges of engineering his arrest in hopes of extracting cash payment.

Despite those charges, Bolivia did not release Ostreicher, a haredi Orthodox father of five, and his case drew the attention of leading lawmakers in Congress, including Reps. Chris Smith (R-N.J.) and Jerrold Nadler (D-N.Y.), and Sean Penn, the movie actor and human rights activist.

Bolivian Cabinet to Deliberate Ostreicher Case

Sunday, June 17th, 2012

Bolivian Cabinet ministers told the chairman of the U.S. House of Representatives human rights subcommittee that they would look into the case of a jailed Brooklyn Chasidic Jew.

Rep. Christopher Smith (R-N.J.) met this week in Bolivia with Minister of Government Carlos Romero and Minister of Justice Cecilia Luisa Ayllon. Jacob Ostreicher has been held in Bolivia for more than year without formal charges and bail.

Smith said in a statement that both ministers were attentive and pledged to look into the case.

“After a long meeting, Minister Ayllon concluded that ‘Your agony for Jacob Ostreicher is like my agony for Bolivians who are in the same situation’,” Smith said Thursday in a press statement. “As a judge for 13 years herself, she pointed out the abuse of filing of false charges and other irregularities, like the process of recusing judges, leading to lengthy delays, is a widespread problem.”

Ostreicher, a father of five, was arrested a year ago by Bolivian police after it was alleged that he did business with “people wanted in their countries because of links with drug trafficking and money laundering.” At the time, he belonged to a group of investors that sunk $25 million into growing rice in lush eastern Bolivia.

Smith, a leader in the House on human trafficking issues, also met with Bolivian officials who prosecute sex trafficking.

Printed from: http://www.jewishpress.com/news/breaking-news/bolivian-cabinet-to-deliberate-ostreicher-case/2012/06/17/

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