2005News

The Banco Mercantil case

Judge Eduardo Sanchez has ordered the arrest of the former Banco Mercantil president Andres Aybar Baez, together with the bank’s former vice president of finances, Evelyn Perez. Their case will be heard in a criminal court with charges of bank fraud to the tune of RD$6.5 billion. Attorney General Francisco Dominguez Brito, however, said that his office would appeal the decision. He explained that the judge had decided to drop charges of forgery of documents, forgery of bank and commerce documents, use of forged documents, qualified fraud, qualified abuse of confidence, alteration and manipulation of documents. Dominguez explained that as things stand, Aybar could only be judged for fraudulent bankruptcy, which he says is a charge that can only be applied to company owners, not to executives, as is the case being heard in court. Meanwhile, Judge Sanchez Ortiz has ordered Aybar’s provisional arrest.