The Department for Prevention of Corruption (Depreco) is investigating an alleged fraud against the Dominican state regarding commissions paid for the US$1.1 billion sovereign bonds issued during the Mejia government, as reported in Diario Libre. The Attorney General has prepared a case and Depreco will be looking into the matter. Otoniel Bonilla of Depreco said that many works that were said to have been built with sovereign bond money, were not. The first US$500 million in bonds committed the country to use the bonds “exclusively to finance the construction of high priority and productive infrastructure projects that enhance the competitiveness of the Dominican economy.”
As reported in Diario Libre, Bonilla says that the Technical Secretary of the Presidency and Finance Minister, at the time Rafael Calderon and Jose Lois Malkun would be investigated as they were responsible for seeing that the law was adhered to. He said former economic advisor to the President and leading promoter of the bonds, Andy Dauhajre will also be investigated.