2004News

President discloses his worth

President Leonel Fernandez declared his total financial worth to be RD$16 million in assets. He declared a debt of RD$2 million owed to Constructora Pena, the company belonging to his former minister of public works, Diandino Pena. During his previous administration that concluded four years ago, Fernandez had declared assets of RD$11 million. His most recent financial revelations were made before the Attorney General, as is required by law. Included in his assets are his fourth-floor apartment in Condominio Denisse Caridad on Calle Presidente Gonzalez No 5 (RD$1 million), his fourth-floor apartment and prime residence in the Diandy XVIII on Avenida Mexico (RD$4.8 million), office space in the Edificio NPI, third floor, at Calle Frank Felix Miranda (RD$1.7 million), and his savings in the Asociacion Popular de Ahorros y Prestamos (RD$3.7 million) and Citibank (approximately RD$3.6 million).

There was no mention in his statement of his participation in the non-profit organization, Fundacion Global Democracia y Desarrollo.

The statements are symbolic, and never any action has been taken to verify how what government employees report at the start of a post compares to what they own up to at the end of their appointment to government.