NewsWhore
10-19-2007, 04:20 PM
The PRD officially presented the Supreme Court with a recourse of unconstitutionality against the Sun Land Corporation contracts signed between the company and the state for a total of US$130 million. The recourse assures that the government is named as the debtor in the contracts and the PRD has claimed all along that the current government, and Leonel Fernandez signed the promissory notes for the loan without Congressional consent, which if true, would be illegal. Sun Land has been hushed about the whole issue only issuing one previous statement to Diario Libre. The statement did not answer many of the questions posed by the press and critics of the contract. Felix Bautista, who was given special powers by President Fernandez to sign the loan, was also questioned by the Chamber of Deputies but failed to give definitive answers on the contracts. Diario Libre also reports that no one knows the interest rates for the promissory notes signed by the government. All Sun Land has been able to say is that the interest rates were "competitive".
More... (http://www.dr1.com/index.html#11)
More... (http://www.dr1.com/index.html#11)