NewsWhore
12-03-2007, 03:00 PM
Marcos Baez Cocco, the former vice-president of Banco Intercontinental (Baninter), has been found guilty of violating Dominican Monetary and Finance Law. He was sentenced to eight years in prison, and ordered to pay 25% of what Ramon Baez Figueroa has to pay (RD$45.469 billion) to the Central Bank and RD$50,082,450 to the Superintendent of Banks. He also has to repay RD$18.743 billion to the Baninter accounts. During the trial's sentencing phase, the magistrates also decreed a RD$2.0 million payment to the government. Baez Cocco's lawyers have 20 days to appeal the conviction and sentence.
More... (http://www.dr1.com/index.html#9)
More... (http://www.dr1.com/index.html#9)