Supreme Court denies appeal

[NewsWhore]

The Supreme Court of the Dominican Republic (SCJ) has denied an appeal against the sentences imposed by the lower court on the people found guilty in the BanInter scandal. The decision against hearing the appeal was announced by judges Hugo Alvarez Valencia, Victor Jose Castellanos, Julio Ibarra Rios, Dulce Rodriguez de Goris and Edgar Hernandez Mejia. The magistrates ratified the decision of the Third Penal Chamber of the Court of appeals of the National District that called for a 10-year prison term for Ramon Baez Figueroa and Marcos Baez Cocco, who were sentenced to 10 years in jail for breach of trust, withholding information, asset laundering, and violating the Monetary and Finance Law. Luis Alvarez Renta was sentenced to 10 years in jail for asset laundering. Vivian Lubrano de Castillo was sentenced to five years in jail for complicity in the bank fraud. She was ordered to pay a RD$1.5 million fine. The court ordered Ramon Baez Figueroa, Marcos Baez Cocco and Vivian Lubrano to compensate the Superintendence of Banks for RD$68.8 billion in damages.
The court also denied the appeals of the Central Bank, the Superintendent of Banking and BanInter.
According to Diario Libre, the Court said that basic logic and fairness dictated against hearing the appeal, since the Appeals Court had handed down a decision that was correct and in no way violated the Constitution or any of the international agreements to which the Dominican Republic is a signatory, or any of the laws cited in the case.

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