Banking Superintendent Luis Armando Asuncion Alvarez says that they have discovered several violations of the law by Banco Peravia including, fraud, abuse of trust, money laundering, forgery and criminal association.
He said that a legal process would begin involving the shareholders, members of the administration board and senior directors in order to submit them to justice. The main company executives, nevertheless, are no longer in the country.
Asuncion said that the National District prosecutors now have the necessary information and paperwork to be able to initiate the process.
Asuncion said that 95.4% of customers who had accounts in the bankrupt bank (around 6,000 savers) would recover their savings, worth around RD$45 million.
http://www.listindiario.com/la-republica/2015/2/3/354853/Determinan-alcance-de-estafa-en-Banco-Peravia