Diario Libre reports on wasteful spending in rents, leases and government building purchases


Staff member
Feb 20, 2019

Billionaire contracts were signed for new government offices during the past Medina administration. Diario Libre looks into the deal around the Ministry of Industry & Commerce (MICM) 13-floor building on Av. 27 de Febrero. The newspaper highlights, in its 18 February 2021 report, that no tender was carried out for the deal that is dated 24 January 2017. Then Minister of Industry & Commerce Temístocles Montás signed the deal. Montás has served as interim president of the PLD since 2019.

The purchase operation was for US$31 million or RD$1.46 billion at the time. In addition to Montás, also signing for the government was the manager of the Banco de Reservas Simón Lizardo, and the deputy manager for Business Deals, José Manuel Guzmán Ibarra. The contract stipulates the Ministry of Industry & Commerce commits to pay RD$24 million a month for the financing of the offices...

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