Notorious Dominican government agency OISOE was a loan sharks´laird
Santo Domingo.- One of the basic scams which the ring of loan sharks operating within the State Works Supervisory Engineers Office (OISOE) to extort huge amounts of money was to make it hard for contractors and engineers to get paid, forcing them to borrow in addition to ballooning the budgets.
The revelation by Dominican Engineers, Architects and Surveyors Guild (CODIA) regional director architect Antonio José Cid came from his deposition to prosecutors two weeks after contractor David Rodriguez took his own life reportedly over desperation from loans. “They tended to obstruct payments for people to despair.”
The group allegedly led by Alejandro de los Santos, head of OISOE´s School Buildings Dept., constantly threatened to strip the contractors of the work to extort money, affirmed Cid. “They use the site orders for maneuvers in which they took advantage of the increases, most of which were overvalued.”
“David´s work was 11 million (pesos) and ended with a budget of 20 million, they made him sign two contracts offering sections and deposited in his account the amount of those sections, eventually making a small disbursement of cash but the agreed amount of the money was never deposited,” the professional said.
According to the case file cited by elnacional.com.do, the credit line with the Reservas Bank is mandatory, and if they didn’t accept it the disbursements were denied. “It was mandatory to take loans with the bank,” said Cid.
Oct 5, 2015
Category: DR News |