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Few takers in auction for drug traffickers’ seized properties

Santo Domingo.- Of the more than 30 real estate and other seized properties place on public auction Thursday, only two drew buyers, forcing the authorities to scrub the bidding on the other items.

The properties placed on auction were seized from drug trafficking and money laundering convicts Quirino Paulino, Jose Figueroa August, Emilio Beltre Mesa (El Gringo) and the Peravinter bank fraud case, whose total value was set at RD$211.4 million.

In the only two sales, wealthy La Romana resident Francisco Michel placed a winning bid of US$256,500 for a catamaran, while Agustín López bought a house located in Bani for RD$3.7 million, a property that had been confiscated in the case Peravinter.

Source: DT

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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