Insurance Superintendent Euclides Gutierrez Felix says he will provide Diario Libre with the information the newspaper has requested on the liquidation of the Segna Insurance Company. The superintendent sent a personal note to Omnimedia, Grupo Multimedia, saying that they would submit to the deadlines established in article 8 of Law 200-04 on Freedom of Information. Last week Diario Libre published two articles that questioned the secrecy surrounding the handling of Segna’s liquidation process, and the newspaper asked the Superintendence for, among other things, the status of the liquidation, with bank statements, copies of the payment agreement signed between the Superintendence and a list of all payments made from 2003 to date, with the corresponding releases signed by the beneficiaries.
The newspaper also asked the Superintendence for the list of assets to be sold, accounts receivable and payable, and the list of all collections, the cancellation of investments and assets sales, and the documentation relating to the cancellation of the financial certificates.
In his letter, Gutierrez Felix says that: “In reply to your communication dated 2 August 2013, which appears in commentaries in the Diario Libre newspaper dated 5 August 2013, on page six, we wish to inform you that this Superintendence, in its capacity as Legal Liquidator of the Segna S.A. Insurance Company, is willing to supply you with all of the information related to this company’s liquidation process, reserving the right to ask for payment of the costs involved due to the amount of information requested.”
The article pointed out that is still not at all clear how much money there is on deposit, where it is deposited and under what legal authorization. The author referred to a report according to which the Superintendent granted himself a RD$52 million loan.
One of the newspaper’s affiliates was the former owner of the Segna insurance company at the time of the liquidation order.