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Prosecutors are seeking 15 years in prison for a Canadian businessman who was arrested in a high-profile crackdown on corruption, Cuban authorities said Monday.

The trial of Cy Tokmakjian, president of an automotive and transportation company, the Tokmakjian Group, concluded June 12 and a ruling is to be announced “in the coming days,” according to an announcement published by Communist Party newspaper Granma and other official media.

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The case is being watched closely by the foreign business community in Cuba. President Raul Castro’s government has said there is no place for graft in the country, although foreign executives say gifts or cash payments are often demanded in business dealings conducted with low-paid government officials.

Tokmakjian is accused of using corrupt practices to obtain benefits in business negotiations, carrying out unauthorized financial transactions, illegally expatriating large sums of money, altering records to avoid tax obligations and payroll irregularities.