Supreme Court upholds Bancredito ruling

[NewsWhore]

The Penal Chamber of the Supreme Court of Justice upheld the ruling that calls for eight years of jail and fines totaling RD$2.5 million each for two former Bancredito executives convicted of fraud. Judges Hugo Alvarez Valencia, Julio Ibarra Rios, Edgar Hernandez Mejia, Dulce Rodriguez de Goris and Victor Jose Castellanos Estrella rejected a petition presented in the name of Manuel Arturo Pellerano and Felipe Mendoza that would have relieved them of the ruling on grounds that the state prosecutors were no longer interested in pursuing the case. Those whose savings had been affected had previously retired their case once they received their deposits back. The Supreme Court ruled on grounds of Art 426 of the Penal Code Procedures and that the state prosecutor Radhames Jimenez had deposited the request after the term established in Art 419 of the penal code.

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