Brothers who ’embezzled’ US$20.0B from bank free on bond
Santo Domingo.- A National District judge on Thurs. released two brothers charged with embezzling around RD$1.0 billion (US$20 million) from the failed Peravia bank and its hundreds of customer.
Collegiate Court judge Gisselle Méndez released businessmen Nelson and Jorge Serret on RD$15.0 million bond each and were ordered to wear electronic bracelets.
Their defense requested their release on bail, alleging health issues.
The lawyer for the seven plaintiffs César Amadeo Peralta said their release will “hopefully will speed up the process.”
Banco Peravia went bankrupt early February 2015, when it revealed fraud, breach of trust, money laundering, forgery, and conspiracy to commit a crime as well.