NewsWhore
05-12-2009, 06:20 PM
Bankers Andres Alejandro Aybar Baez, former president of Banco Mercantil, and Evelyn Perez Montandon, former vice-president for administration and finance, were issued five and three-year prison sentences by the National District First Collegiate Tribunal. They were found guilty of altering and hiding data, records, books and other documents with the aim of misleading the supervision by the Superintendent of Banks and of approving and presenting an altered financial statement aimed at concealing the bank's true situation. The court discharged the other five accused because it was not able to prove the charges against them.
The court also ordered the guilty parties to pay a RD$1.5 million fine each as well as RD$20 million compensation to the Superintendent of Banks.
The court was presided by magistrate Giselle Mendez and included Felipe Molina Abreu and Tania Yunes Sanchez.
The magistrates said that they were dismissing the charges against the other five accused because some of them were not working at the bank when the fraud took place and others were second level employees who only received orders.
The lawyers for the monetary authorities immediately said that they would appeal this decision. When questioned by reporters, Aybar Baez refused to say anything beyond the fact that he would await the reading of the full sentence before commenting.
More... (http://www.dr1.com/index.html#9)
The court also ordered the guilty parties to pay a RD$1.5 million fine each as well as RD$20 million compensation to the Superintendent of Banks.
The court was presided by magistrate Giselle Mendez and included Felipe Molina Abreu and Tania Yunes Sanchez.
The magistrates said that they were dismissing the charges against the other five accused because some of them were not working at the bank when the fraud took place and others were second level employees who only received orders.
The lawyers for the monetary authorities immediately said that they would appeal this decision. When questioned by reporters, Aybar Baez refused to say anything beyond the fact that he would await the reading of the full sentence before commenting.
More... (http://www.dr1.com/index.html#9)