2003News

Olimpia to face justice

Judge Doris Ort?z Pujols has summoned Olimpia Gonz?lez, the controversial former president of the Dominican schoolteachers association (ADP), for allegedly embezzling RD$15 million while in that post. The former ADP president has claimed ill health and was given a vice-consular posting in Puerto Rico almost two months ago, although she has not started work there. …
2003News

President Mejia and trade

The United States has decided the Dominican Republic should equally benefit from free trade status such as being considered with Central American nations, according to a communiqu? released from the White House yesterday. The White House statement reads: ?President Bush met today with President Mej?a of the Dominican Republic. They discussed cooperation in the fight …
2003News

President Mejia asks for help

President Hip?lito Mej?a requested assistance from the Inter American Development Bank (IADB) to repair the damage caused by the Baninter fiasco. Heeding the advice of the International Monetary Fund (IMF), which suggested the DR seek international assistance to offset the far-reaching effects of the estimated RD$55-billion fraud, President Mej?a appealed to Enrique Iglesias, the head …
2003News

While they slept…

Economist Pedro Silverio, of the PUCMM university?s Cenantillas economic think tank, comments that now that the Central Bank has disclosed what it says has been happening for 14 years, it would be nice if the monetary authorities could review what has happened while they were sleeping, in reference to the Baninter financial scandal ? a …
2003News

Update on APAP scandal

The new spokesman for the Asociaci?n Popular de Ahorros y Pr?stamos (APAP), Dr. Hector Mateo, affirmed yesterday that the country?s largest loans and savings bank continues to enjoy extraordinary liquidity and is the envy of all banking institutions. Hoy newspaper reports that Mateo denied Hazoury controls the APAP and said that Hazoury could be displaced …
2003News

Judge orders Najayo for Baez

The three main figures implicated by state prosecutors in the Baninter calamity will be remanded to the Najayo prison, according to El Caribe. Upon concluding his questioning yesterday afternoon, Judge Eduardo S?nchez Ort?z ordered that the three accused Baninter officers be transferred to the Najayo prison. Nevertheless, the three are still in Santo Domingo. Ram?n …