2004News

Lois Malkun faces judicial citations

Central Bank Governor Jose Lois Malkun has received no less than 20 judicial citations to appear before the courts and explain the current economic crisis. In an exclusive interview for El Caribe, Lois Malkun told reporter Edwin Ruiz that he would not leave the country, but, because of the stature of his position, he had to refrain from making gratuitous comments. He promised, however, that after 16 August he would be free to speak his piece. As he told Ruiz, ?I have not been free to say everything that should be said, nor have I been free to offer all the information that I would have wanted to present.? Of the citations, Lois Malkun said they were part of the process and that he is prepared to face each and every one of the courts. When the reporter asked about the information concerning the banking scandal surrounding Baninter that was classified because it threatened national security, Lois Malkun said that it was not a question of a power play, but rather the fact that some of the information could be used to keep people quiet. He felt that there was enough information in the public domain to take the case to court. Lois Malkun was confident that the judicial process would continue over the change in government on 16 August, ?despite all the deficiencies of our judicial system.?

On a positive note, Lois Malkun pointed out that all the banks that were audited now have their accounts in order and many of them have surpassed their goals for new deposits and bettered their loan portfolio classifications.