Local September 14, 2012 - 1:02 pm

Convict in US$2.5B bank fraud given house arrest, appeal announced

Santo Domingo.- Justice minister Francisco Domínguez Brito on Thursday announced an appeal to the judge’s ruling allowing house arrest for the inmate Luis Alvarez Renta, convicted of fraud in the 2003 collapse of the Baninter bank.

"We will promote the repeal of this measure," said the official through his Twitter account.

He said the San Cristobal Sentencing judge’ ruling granting the house arrest request ??by the bank fraud convict encourages impunity, "which we can not allow.”

Alvarez Renta, an economist, was sent to San Cristobal’s Najayo prison for his role in the Baninter fraud, which cost Dominican taxpayers US$2.5 billion.

COVID-19

May 17, 2024 - 9:22 am

CEMDOE expands services, reinforcing commitment to quality and safety in healthcare

May 16, 2024 - 8:43 am

WHO greenlights Japanese vaccine for Dengue prevention

May 14, 2024 - 10:25 am

Médico Express and Caribbean Health TPA foster medical tourism

May 13, 2024 - 9:34 am

Residents protest thermoelectric vessels in Azua

MOST READ

Tourism

Frontier threatens to displace JetBlue in the Caribbean

Tourism

Dominican airline breaks passenger transit record

Tourism

American Airlines expanding with new route to La Romana

Economy

Dominican Republic free zones: why they are key and what effect do “tax holidays” generate

MORE NEWS

Local

China donates 120 ambulances to Dominican Republic

Tourism

Dominican hotels occupancy rises in Q1

Local

Heavy rainfall expected to affect the territory starting this Tuesday

Economy

Ministry of Environment sanctions companies for illegal aggregate extraction in San Cristóbal