DR1 Daily News - Dominican Republic

A judge on the Second Chamber of Instruction in La Romana has handed down the first sentence for the sale of seized properties involved in the case of a network of electronic fraud and money laundering that was dismantled during Operation Cheetah.

Judge Vicky Chalas decided to accept the request made by the prosecutors to sell the assets seized from the different companies involved in the massive real estate fraud. These assets include properties, office equipment, machinery, cement, re-bar, and other materials used in construction.

The stated objective of the advance sale is to avoid the assets becoming damaged during the trial process.

The magistrate said that the funds obtained from the sale of the items and the properties would go into an account, controlled by the State, that could be used to repay the victims of the fraud once a court has ordered the final and definitive...