NewsWhore
10-26-2006, 03:20 PM
The Central Bank has sued former banker and President of the Board of Director of the collapsed Banco Intercontinental (Baninter), Ramon Baez Figueroa, for RD$50 billion in damages while the hearings of the case against him and four other defendants were postponed until 14 November. The basis for the suit is the allegation that information was withheld from the Banking Superintendence. Baez is also being held responsible for hiding RD$16 billion in overdrafts and loans that did not show up on the bank's official accounting systems. Marcos Baez Cocco is being held jointly responsible for the total damages claimed by the Central Bank, according to a report by Diario Libre.
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More... (http://www.dr1.com/index.html#4)