A 4th Dominican bank chief is sent to jail this year

DominicanToday.com - A National District on Friday upheld the 10 year prison sentence prison against former Progreso bank president Pedro Castillo, convicted of defrauding that entity out of more than RD$12 billion.

Castillo becomes the fourth president of a major bank to be convicted of embezzlement and sentenced to prison this year, after Ramon Baez Figueroa (Baninter), Manuel A. Pellerano (Bancredito) and Leonel Almonte (Universal).

First Appellate Court judges Miriam German, Katia Miguelina Jiménez and Manuel Hernandez also lowered from RD$12 billion to RD$45 million the fines and damages levied against Castillo.

The prosecution and the Progreso bank as plaintiff had requested that Castillo spend 10 years in jail.

Go back | Date: 08 Aug 2009
Proud to be the most
factual DR news site!
We keep the stories
& investigations alive
that cozenage groups
want to hide or forget
rssFacebookTwitterFlickr
Facebook
Quick Search – All Articles
Video about DR's Sugar Barons
The horrible conditions of Haitian sugar cane workers in the Dominican Republic

The truth about Leonel
Must Watch This Video About President Leonel's DRUG CONNECTIONS!!

Top Stories
Most Read Stories
"This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of criminal justice, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research or any other non-commercial purposes."
Please support our work
1000 of hours are being
spend yearly on collecting
articles, investigations and
answering emails.