By Daniel Trotta
HAVANA (Reuters) — Cuba has freed Canadian businessman Cy Tokmakjian after more than three years in jail, his company said on Saturday, resolving a case that had strained Cuban-Canadian relations and alarmed foreign investors.
Tokmakjian, founder of the Ontario-based company, was convicted of bribery and other charges and sentenced to 15 years in September in what the transportation company had called a “show trial” and a “travesty of justice.”
Cuban prosecutors had outlined a pattern in which Tokmakjian wooed Cuban officials and their families with a series of gifts, helping the Tokmakjian Group do business estimated at $80 million annually with Cuba until the company was shuttered and its founder arrested in September 2011.
Tokmakjian “was welcomed home by his family, friends, and thousands of employees,” said the company statement, which also thanked the Canadian government. A spokesman said the 74-year-old was released early Saturday.