2003News

Baninter legal team accuses Malkum

Central Bank Governor Jos? Lois Malkum ordered a US$22-million (RD$551-million) payment in savings certificates originating from Baninter funds to businessman, politician and Baninter board member Guaroa Liranzo, just two days after the revelation of the Baninter fraud, say lawyers for detained Baninter president, Ram?n B?ez Figueroa. Liranzo also received US$11 million in cash, alleged Marino ?Vincho? Vinicio Castillo on a television appearance last night of the Baninter legal team, who accuse Malkum and Liranzo of dishonesty and manipulation of information. The lawyers for the disgraced bankers plan to start formal legal proceedings against Malkum, Liranzo and others, questioning why Liranzo?s assets were not subject to Article 66 of the Monetary Law, which states that all shareholders? assets should be confiscated in such a situation. Ram?n B?ez Figueroa and his associates have been in custody for one month now.