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Plaintiffs deny striking deal on Delta Intur Corp. alleged RD$1.5B fraud

Santo Domingo. – Attorneys of the investors affected by Delta Intur Corp.’s bankruptcy on Wednesday denied having reached any agreement with that company and said those responsible will have to appear before the National District 5th Instruction Court at Ciudad Nueva on July 1.

“The information from Delta Intur executives that both parties have reached a satisfactory agreement is not correct, because we haven’t received any firm and convincing proposal to nullify the filed charges of fraud, conspiracy, breach of trust, money laundering and documents forgery that jeopardized more than 150 families who placed their trust in that institution approved by the Securities Superintendence,” said their  attorneys Lincoln Erick Hernandez Peguero and Rafael Vasquez.

In a statement the plaintiffs said despite the ongoing talks among the parts, Delta Intur’s representatives have yet to offer a solution to the many bondholders affected by the illegal appropriation of their savings and investments more than one year ago.

Delta Intur’s executives and related traders face charges of embezzling more than RD$1.5 billion filed last November in Dominican Republic courts, with more than 175 people and companies allegedly defrauded through corporate bonds and debt.

Source: DT

Category: DR News |

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Last updated March 28, 2017 at 6:14 PM
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