Figueroa Agosto's watches were sold
The watches were seized from Figueroa Agosto and Sobeida Felix Morel
Diario Libre
SANTO DOMINGO. Twenty-seven of the twenty-eight watches seized on 3 September 2009 from the Puerto Rican capo Jose David Figueroa Agosto were auctioned off yesterday and sold to five participants for a total of US$609,850, or RD$23.7 million.
The asses that were seized were sold at a public auction by the Committee Against Asset Laundering, which said that it was done in accordance with the parameters established in Law 72-02.
The objects of the finest brands were officially confiscated on 26 September 2011, by a sentence from the First Collegiate Tribunal of the Penal Chamber of the Court of the First Instance for the National District.
Luis Pou, representing the investment company of Inversiones Yan, S.R. L. acquired eight watches prices of US$85,050, US$44,100, US$25,050, US$51,400, US$21,500, US$15,500, US$14,100 and US$11,000.
Eleven watches were sold to Marcos Enmanuel Fernando Aybar, for amounts of US$50,000, three units for US$28,050 each, US$24,150, US$18,000, US$18,600, US$17,100, US$16,100, US$9,050 and US$8,150.
Miladys Aybar Henao bought four watches for US$14,050, US$13,050, US$12,100, and US$10,000.
Adonis Charalambus Saviñon was allowed to purchase three of the luxury watches for US$17,700, US$13,800, and US$8,900, and Jocelie Heise was able to obtain one watch at a price of US$7,100.
One of the 28 watches, with a posted value of US$44,000, was not sold because there were no bids. The auction began at 10:57 a.m. and ended at 12:00 noon.
DR debt this year for Petrocaribe reaches US$74.1 million
The barter of black beans with Venezuela has stopped
SANTO DOMINGO. The debt that the government should paythis year to Venezuela for oil purchased under the Petrocaribe agreement has reached US$74.1 million. However, for purposes of barter exchange, they are going to use the figure of US$69.8 million, because the other US$4.3 million are interests on the loans.
Until now, of the approved products, the Ministry of Hacienda has received orders for UD$63 million if the US$69,8 million for this year. The orders are for pastas, and liquid sugar according to economist Rafael Espinal, the director of the Negotiations Office of Petrocaribe at the Ministry of Hacienda.
Espinal explained that of the US$69.8 million programmed for this year, US$6,8 million could be completed with other products, which could be edible oils or other types of foodstuffs.
Beans
In the case of beans, he explained that this year they have not been able to continue the program, because it was negative for debt payment purposes because the productivity of the sector that grows the black beans was very low.
He added that last year the production was quite affected by the storms in San Jose de Ocoa and rancho Arriba and there were losses. But this year, the Ministries of Hacienda and Agriculture did not program the harvest that is generally planted in the months of November and December.
Also, Venezuela has not maintained the purchase order because the price that it was paying for the Dominican beans has gone down on the international markets and the Dominican Republic does not have any possibility of competing with the prices that are now in the market.
He explained that the black bean program is not functioning right now. Basically for the low productivity of the harvests that they took in last year which produced losses, since the producers had to be subsidized since the changes that were expected at the beginning did not materialize. For the time being the winter harvest has not been financed.
Espinal explained that the prices of the black beans have gone down in Venezuela and they do not want to continue to receive the beans at the former price.
He said that of the payment for this year of US$74.1 million, the US$4.3 million difference from the interest will be paid in cash because that is how the agreement says it should be done. Up until now, almost the whole debt is being covered by just two products.
Oil
The former Minister of Hacienda, Vicente Bengoa, said last year that the debt with Venezuela had reached US$2.02 billion, to be paid over 25 years and at an interest rate of 1%. The Dominican Republic acquires through Petrocaribe 50,000 barrels of oil a day, that have been paid for up until now with balck beans, liquid sugar, and pastas. Other products such as tourist packages, uniforms, chicken and other articles are being discussed for future bartering.
The asses that were seized were sold at a public auction by the Committee Against Asset Laundering, which said that it was done in accordance with the parameters established in Law 72-02.
The objects of the finest brands were officially confiscated on 26 September 2011, by a sentence from the First Collegiate Tribunal of the Penal Chamber of the Court of the First Instance for the National District.
Luis Pou, representing the investment company of Inversiones Yan, S.R. L. acquired eight watches prices of US$85,050, US$44,100, US$25,050, US$51,400, US$21,500, US$15,500, US$14,100 and US$11,000.
Eleven watches were sold to Marcos Enmanuel Fernando Aybar, for amounts of US$50,000, three units for US$28,050 each, US$24,150, US$18,000, US$18,600, US$17,100, US$16,100, US$9,050 and US$8,150.
Miladys Aybar Henao bought four watches for US$14,050, US$13,050, US$12,100, and US$10,000.
Adonis Charalambus Saviñon was allowed to purchase three of the luxury watches for US$17,700, US$13,800, and US$8,900, and Jocelie Heise was able to obtain one watch at a price of US$7,100.
One of the 28 watches, with a posted value of US$44,000, was not sold because there were no bids. The auction began at 10:57 a.m. and ended at 12:00 noon.
DR debt this year for Petrocaribe reaches US$74.1 million
The barter of black beans with Venezuela has stopped
SANTO DOMINGO. The debt that the government should paythis year to Venezuela for oil purchased under the Petrocaribe agreement has reached US$74.1 million. However, for purposes of barter exchange, they are going to use the figure of US$69.8 million, because the other US$4.3 million are interests on the loans.
Until now, of the approved products, the Ministry of Hacienda has received orders for UD$63 million if the US$69,8 million for this year. The orders are for pastas, and liquid sugar according to economist Rafael Espinal, the director of the Negotiations Office of Petrocaribe at the Ministry of Hacienda.
Espinal explained that of the US$69.8 million programmed for this year, US$6,8 million could be completed with other products, which could be edible oils or other types of foodstuffs.
Beans
In the case of beans, he explained that this year they have not been able to continue the program, because it was negative for debt payment purposes because the productivity of the sector that grows the black beans was very low.
He added that last year the production was quite affected by the storms in San Jose de Ocoa and rancho Arriba and there were losses. But this year, the Ministries of Hacienda and Agriculture did not program the harvest that is generally planted in the months of November and December.
Also, Venezuela has not maintained the purchase order because the price that it was paying for the Dominican beans has gone down on the international markets and the Dominican Republic does not have any possibility of competing with the prices that are now in the market.
He explained that the black bean program is not functioning right now. Basically for the low productivity of the harvests that they took in last year which produced losses, since the producers had to be subsidized since the changes that were expected at the beginning did not materialize. For the time being the winter harvest has not been financed.
Espinal explained that the prices of the black beans have gone down in Venezuela and they do not want to continue to receive the beans at the former price.
He said that of the payment for this year of US$74.1 million, the US$4.3 million difference from the interest will be paid in cash because that is how the agreement says it should be done. Up until now, almost the whole debt is being covered by just two products.
Oil
The former Minister of Hacienda, Vicente Bengoa, said last year that the debt with Venezuela had reached US$2.02 billion, to be paid over 25 years and at an interest rate of 1%. The Dominican Republic acquires through Petrocaribe 50,000 barrels of oil a day, that have been paid for up until now with balck beans, liquid sugar, and pastas. Other products such as tourist packages, uniforms, chicken and other articles are being discussed for future bartering.
Diario Libre
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