Herrera Industries Association president Victor Castro said yesterday, Wednesday 3 December 2014, that the crisis affecting depositors at the Banco Peravia could have been avoided if the monetary authorities had been more rigorous in their financial supervision from the start. Castro said it was inexplicable how the Monetary Board could have approved the sale of the bank to people who did not have previous bank management experience. “How is it possible that due diligence was not carried out on those foreigners to find out who they really were?” he asked. He questioned the influence exercised for extending the bank license without prior investigation.
The president and vice president of the bank, Gabriel Jimenez Aray and Jose Luis Santoro left the country last month just before the Superintendence of Banks announced its closure. Acento reports that in July 2013, the Dominican Embassy in Caracas, Venezuela received a letter warning of problems with the executives.
http://acento.com.do/2014/economia/8198888-en-2012-en-venezuela-se-pidio-a-rd-investigar-a-ejecutivos-banco-peravia-que-ahora-huyeron/
http://elnuevodiario.com.do/app/article.aspx?id=401440