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Investment executive arrested for fraud in Puerto Plata

An arrest warrant has been issued in Puerto Plata against José Apolinar Rodríguez Ulloa, executive of the financial company, Inversiones al Día S.R.L., (INVERDISA), who is accused of violating the Monetary and Financial Law, Anti-Money Laundering Law and defrauding his depositors.

According to the investigations carried out by public prosecutors, the amount involved in the fraud is between RD$340-400 million. The funds in question had been deposited by hundreds of Dominicans and foreigners.  As reported, the bank paid interest to the victims using their own money or that of new investors.

In addition, the company did not have the authorization to carry out this type of operation in the country and was not registered or regulated by the Superintendence of Banking.

The lead prosecutor in the case, Osvaldo Bonilla, has asked depositors to go to the prosecutors’ office in Puerto Plata to receive information concerning the next steps of the investigation.

Source: DR1, Listindiario

June 3, 2017

Category: DR News |

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Last updated December 17, 2017 at 1:23 AM
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