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View Full Version : Bank execs to jail



NewsWhore
11-28-2008, 03:50 PM
Former Bancredito bankers Manuel Arturo Pellerano Pena and Juan Felipe Mendoza Gomez have been taken to Najayo jail, where they will serve an eight-year prison term for banking fraud. The men will also have to pay a RD$2.5 million fine once they get out of jail. Although the sentence was issued several weeks ago, both men refused to go to jail, claiming they didn't know which jail they would be sent to. Pellerano describes himself as a "prisoner of the Central Bank." In addition to Bancredito, Pellerano was behind the creation of Tricom telecom and Diario Libre. Former Baninter president Ramon Baez Figueroa and businessman Luis Alvarez Renta are serving sentences at the same jail for their role in the Baninter collapse. Reportedly, Alvarez Renta met Pellerano and Mendoza's upon their arrival at Najayo.

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