NewsWhore
10-05-2007, 03:20 PM
The PRD has come out in defense of presidential candidate Miguel Vargas Maldonado by saying that loans taken out by the then Minister of Public Works were legal, and continued by saying that questioning Vargas's work was just a way for President Leonel Fernandez to divert attention and evade responsibility for answering questions about the Sun Land Case. PRD leaders claim that the contracts taken out by Vargas during his tenure are completely different to those taken out by Felix Bautista. The PRD says that the contracts by Vargas were included in the Budget and Public Spending Law, and didn't include the emission of promissory notes and therefore did not compromise the DR's credit status or its credibility.
Former Banco de Reservas administrator Manuel Lara Hernandez expressed his support for Miguel Vargas Maldonado and assured that the transactions made by Vargas, with the Worldwide Trading & Consulting Company, were legal and only involved US$70 million. Lara, quoted in Hoy, says that the loan was made within the law, contrary to the one made under Leonel Fernandez's presidency. The money was disbursed in two parts: the first was for US$40 million in 2001 and the second, for US$30 million, was disbursed in 2002.
More... (http://www.dr1.com/index.html#4)
Former Banco de Reservas administrator Manuel Lara Hernandez expressed his support for Miguel Vargas Maldonado and assured that the transactions made by Vargas, with the Worldwide Trading & Consulting Company, were legal and only involved US$70 million. Lara, quoted in Hoy, says that the loan was made within the law, contrary to the one made under Leonel Fernandez's presidency. The money was disbursed in two parts: the first was for US$40 million in 2001 and the second, for US$30 million, was disbursed in 2002.
More... (http://www.dr1.com/index.html#4)