NewsWhore
06-14-2007, 04:00 PM
Diario Libre continues to provide more details on the irregularities surrounding land deals in the National Park of the East. The newspaper mentions that the Ministry of Tourism "no-objection" to hotel construction granted for the Bahia Principe Bayahibe was issued despite the fact that the sale of land on which a 20-rooms per hectare hotel would be constructed was never final. Reportedly, owner Daniel Antonio Minaya was to sell the land to Spanish buyers Ignacio Coronado Ruiz, Carlos Sanchez Hernandez and Andres Lietor Martinez. These in turn were to sell it to Grupo Pinero for the construction of the Bahia Principe Bayahibe. The sum agreed between Inversiones Trubia S.A. was US$19.8 million. The deal fell through when state lawyer Fermin Casilla opposed the sale of the land because it was part of the National Park of the East. Minaya says that he still holds the title to the land because Sanchez Hernandez, who is in jail in Spain in connection the Marbella fraud case, had never paid him a dime.
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More... (http://www.dr1.com/index.html#10)