Peru's Superintendence of Banking, Insurance and AFP (SBS) ordered the closure of premises in Tacna where Oscar Capital Inversiones E.I.R.L. and Corporación Savio S.A.C. were operating, after finding they were promoting and carrying out public fund-taking without prior SBS authorisation, in breach of Law 26702. The SBS also filed a criminal complaint with the Public Prosecutor against the companies’ representative for unauthorised financial intermediation and for disobedience and resistance to authority. The firms allegedly attracted savings through “onerous loan” contracts, claiming the funds would be invested in activities such as event organisation, private security and real estate projects. They offered monthly, semi-annual and annual “investment plans”, promising interest of 4%, 30% and 70% respectively, to be paid monthly, with principal repaid at contract maturity. The SBS noted the companies were linked, including operating from the same address in Tacna and being led by the same general manager, and said it verified they continued receiving funds despite prior supervisory instructions to stop.
Superintendencia de Banca, Seguros y AFP del Peru 2025-11-25
Peru's Superintendence of Banking, Insurance and AFP orders closure of Oscar Capital and Corporación Savio premises for unauthorized public fund-taking
Peru's Superintendence of Banking, Insurance and AFP (SBS) ordered the closure of premises in Tacna where Oscar Capital Inversiones E.I.R.L. and Corporación Savio S.A.C. operated without authorisation, violating Law 26702. The SBS filed a criminal complaint against the companies’ representative for unauthorised financial intermediation and disobedience to authority. The firms allegedly attracted savings through "onerous loan" contracts, offering high-interest "investment plans" and continued operations despite prior warnings.