NewsWhore
05-25-2011, 03:30 PM
In an auction held yesterday, the administrator of National Assets sold off the first group of assets belonging to Quirino Ernesto Paulino Castillo, who is in jail for drug trafficking in the United States. The first of the properties, a residence in the Cacicazgos sector of Santo Domingo, was acquired by the Fenix Foundation for the sum of RD$14 million, and the starting bid was RD$13 million.
An apartment in Mirador Norte was purchased for RD$3.5 million by the same people who have been living there for some time. In total, yesterday assets that belonged to Quirino Paulino Castillo were auctioned off for the sum of RD$105 million.
The commission in charge of the auction offered one apartment, valued at RD$4.8 million and another apartment in the same building for RD$3.4 million. This is the first auction that has been held in the country for assets seized from drug traffickers and that were obtained from money resulting from this activity.
The auction was coordinated by the administrator general of National Assets, Elias Wessin Chavez. The sales were supervised by a committee headed by architect Cesar Ivan Feris Iglesias, in representation of the National Council on Drugs, Laureano Guerrero, from the Offices of Seized Assets, Juan Cedano Santana, from the Attorney General's office, Julio Cesar Souffront from the National Drug Control Department (DNCD) and Cyntia Camejo Villalona from the Financial Analysis Unit. The envelopes with the bids were opened in the presence of the bidders.
More... (http://www.dr1.com/index.html#7)
An apartment in Mirador Norte was purchased for RD$3.5 million by the same people who have been living there for some time. In total, yesterday assets that belonged to Quirino Paulino Castillo were auctioned off for the sum of RD$105 million.
The commission in charge of the auction offered one apartment, valued at RD$4.8 million and another apartment in the same building for RD$3.4 million. This is the first auction that has been held in the country for assets seized from drug traffickers and that were obtained from money resulting from this activity.
The auction was coordinated by the administrator general of National Assets, Elias Wessin Chavez. The sales were supervised by a committee headed by architect Cesar Ivan Feris Iglesias, in representation of the National Council on Drugs, Laureano Guerrero, from the Offices of Seized Assets, Juan Cedano Santana, from the Attorney General's office, Julio Cesar Souffront from the National Drug Control Department (DNCD) and Cyntia Camejo Villalona from the Financial Analysis Unit. The envelopes with the bids were opened in the presence of the bidders.
More... (http://www.dr1.com/index.html#7)