Sun Land replies; doesn't say much

[NewsWhore]

The Sun Land Corporation, in a press released directed towards the director of the Diario Libre, Adriano Miguel Tejada, answered some of the questions posed by that newspaper, though it was unable to provide definite answers (full disclosure) as to the dealings with the government. In the press release, Sun Land states that the promissory notes signed by the state were negotiated with a very competitive interest rate though that interest rate was not revealed. The release was also unable to clearly identify who was responsible for distributing the funds, Sun Land itself or Office of Supervising Engineers of Public Works of the Presidency (OISOE). In this respect the release states that the funds distributed to the contractors were handed out periodically and that this was supervised by Techno America and authorized by OISOE. Sun Land says that it has the promissory notes in its possession as a guarantee of payment for the funds financed to the contractors. The release also failed to answer where the funds were, or are deposited, and who benefits from the interest collected on the funds, should those funds be registered at the Central Bank, what were the requirements needed for the government to negotiate with that company and why doesn't Sun Land publish the details of the contract?
OISOE director Felix Bautista will be at the Chamber of Deputies today to explain the details of the Sun Land Case. His meeting at the Chamber is scheduled for 5pm. The ruling PLD party is majority in Congress. Adding to the political volley Roberto Rodriguez, spokesman for the PRD senators, said that the PRD is willing to file charges against Bautista if the Sun Land Case is not cleared up.

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