DR sued for US$680 million

[NewsWhore]

A group of international businesses have joined in a lawsuit against the Dominican government, the CDEEE and specific government officials. The suit has been filed in the International Court of Arbitration at the United Nations in New York City. The filers are the Trust Capital of the West (TCW), the AES Corporation and the alleged new owners of 50% of AES, the French company Societe Generales. The total amount of the suit varies between US$535 million and US$680 million, sums that resulted from a loss of cash flow or from a reduction of capital. CDEEE vice-president Radhames Segura told Listin Diario reporters that the situation is "very delicate" and the details very complicated. Among the officials named in the lawsuit are President Leonel Fernandez, the President's legal advisor Cesar Pina Toribio, electricity superintendent Francisco Mendez, foreign trade director Vilma Arbaje, National Energy Commission president Aristides Fernandez Zucco, the Dominican ambassador in Washington, Flavio Dario Espinal, and the Dominican ambassador in Paris, Guillermo Pina Contreras.

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