Gov won't pay in Sun Land case

[NewsWhore]

Hacienda Minister Vicente Bengoa, quoted in Listin Diario, said that the government would not settle the Sun Land loans and would only limit itself to covering the costs incurred by the contractors on works that have already begun construction. Although he didn't provide details, Bengoa noted the IMF's frustration about the lack of information on Sun Land operations. Bengoa said that the Sun Land loans were signed by Public Works Engineers Supervisor Office (OIS) director Felix Bautista, who was not authorized to sign the loans. Bengoa specified that the Law of Public Credit only allowed the Hacienda Minister to sign promissory documents on behalf of the government. He added that those loans were never registered as public credit at the Ministry of Hacienda relieving the government from all costs, except the costs to the contractors. In addition, since the loans were never registered at Hacienda, Bengoa says that nothing was ever hidden from the IMF.

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