Investors denounce Cap Cana and Ricardo Hazoury for alleged scam - See more at: http://www.7dias.com.do/economia/
computer translation:
SANTO DOMINGO .- Investors took their case today against the group Cap Cana and businessman Ricardo Hazoury for allegedly defrauding the state, private corruption and money laundering. The investment represented by counsel , Miguel Valerio, reported the case to the Special Prosecutor Persecution of Administrative Corruption (pepca), as revealed in a press conference. They argue, in its complaint, breach of contract in the tourism project Racquet Village. the buyers, the investors mostly foreign, allege they were defrauded by property sale and to keep the project Racquet Village abandoned its forecast, after receiving the payment of millions of dollars for the lots offered. at the same time, accuse Cap Cana and Hazoury "of having committed an act of private corruption, to the detriment of acquirers and incidentally harm the state and have committed money laundering ". According to Valerio, both Hazoury as representatives of the company Cap Cana SA, private corruption committed by millionaire scam foreign and domestic investors Dominican State and; They benefited irregularly incentives and tax exemptions for the development of real estate projects in tourist areas and not execute works seriously affecting the climate of foreign investment in the Dominican Republic. He explains that the contracts between the complainants and the group assumed not only the delivery of infrastructures in the scheduled time of 24 months, but also that the acquirers would benefit from the tax benefits arising from the application of Law 158-01 that promotes tourism. Cap Cana, its owners, executives and associated companies "were a network of private corruption, as it not only verified, failure to meet the scheduled obligation but a diversion of funds from investors / acquirers to activities not determined or linked to the realization of the object of materializing contracts , "subray?.EFE
- See more at: http://www.7dias.com.do/economia/20...hazoury-por-supuesta-estafa.html#.V4Y7gZMrIyl
computer translation:
SANTO DOMINGO .- Investors took their case today against the group Cap Cana and businessman Ricardo Hazoury for allegedly defrauding the state, private corruption and money laundering. The investment represented by counsel , Miguel Valerio, reported the case to the Special Prosecutor Persecution of Administrative Corruption (pepca), as revealed in a press conference. They argue, in its complaint, breach of contract in the tourism project Racquet Village. the buyers, the investors mostly foreign, allege they were defrauded by property sale and to keep the project Racquet Village abandoned its forecast, after receiving the payment of millions of dollars for the lots offered. at the same time, accuse Cap Cana and Hazoury "of having committed an act of private corruption, to the detriment of acquirers and incidentally harm the state and have committed money laundering ". According to Valerio, both Hazoury as representatives of the company Cap Cana SA, private corruption committed by millionaire scam foreign and domestic investors Dominican State and; They benefited irregularly incentives and tax exemptions for the development of real estate projects in tourist areas and not execute works seriously affecting the climate of foreign investment in the Dominican Republic. He explains that the contracts between the complainants and the group assumed not only the delivery of infrastructures in the scheduled time of 24 months, but also that the acquirers would benefit from the tax benefits arising from the application of Law 158-01 that promotes tourism. Cap Cana, its owners, executives and associated companies "were a network of private corruption, as it not only verified, failure to meet the scheduled obligation but a diversion of funds from investors / acquirers to activities not determined or linked to the realization of the object of materializing contracts , "subray?.EFE
- See more at: http://www.7dias.com.do/economia/20...hazoury-por-supuesta-estafa.html#.V4Y7gZMrIyl
