NewsWhore
11-27-2008, 03:20 PM
The Eleventh Circuit Court in Dade County, Miami, Florida, has ordered former Dominican banker Pedro Castillo to pay nearly US$80 million to the Banco del Progreso for having appropriated the banking entity's resources for his own personal use.
The information was provided to Huchi Lora on CDN Radio by Francisco Alvarez, a lawyer for the Central Bank.
According to the sentence issued by Judge Marci Flores and read by Alvarez, Castillo appropriated "funds that belonged to the plaintiffs, the bank's owners, in an irregular manner for his own use and or for the use and benefit of his companies."
Alvarez explained that the judicial term used for the crime in the Florida court was "civil robbery."
He quoted the following: "He is ordered to pay compensation because his conduct is the same as stealing and generated a civil prejudice that must be paid." Alvarez explained that this was the only possible way to make the penal case against Castillo in the Dominican Republic.
More... (http://www.dr1.com/index.html#14)
The information was provided to Huchi Lora on CDN Radio by Francisco Alvarez, a lawyer for the Central Bank.
According to the sentence issued by Judge Marci Flores and read by Alvarez, Castillo appropriated "funds that belonged to the plaintiffs, the bank's owners, in an irregular manner for his own use and or for the use and benefit of his companies."
Alvarez explained that the judicial term used for the crime in the Florida court was "civil robbery."
He quoted the following: "He is ordered to pay compensation because his conduct is the same as stealing and generated a civil prejudice that must be paid." Alvarez explained that this was the only possible way to make the penal case against Castillo in the Dominican Republic.
More... (http://www.dr1.com/index.html#14)