Ramon Baez Figueroa, crying and happy after parole
Central Bank says it has recovered tens of millions of dollars with the deal
Diario Libre
SAN CRISTOBAL. After five years and nine months in prison, serving a 10 year sentence for the bankruptcy of the Intercontinental Bank (Baninter), Ramon Baez Figueroa was favored yesterday with a parole granted by the Judge for the Execution of the Sentence for San Cristobal, Willy de Jesus Nuñez.
After hearing the magistrate's decision, the former banker could not hold back his emotions and said that he was "totally" happy. But the tears flooded down his face when he talked about the time he served behind bars. "It was very painful, above all for my family, my father and for myself," he commented between sobs. Later he said that he was a completely new and repentant man, and he said that from now on he will dedicate himself to work as an assistant for his father, Ramon Baez Romano. Baez Figueroa said, as a message to young people, that the spiritual is above the material and to the society he begged them to allow him to return and work. He recalled that during his years in prison he maintained an "excellent" conduct and he did it with a lot of dignity.
The conditions
In order to keep his liberty, the judge imposed as a condition for Baez Figueroa to present himself each Friday, from 9 September 2013 until 9 December 2017 and sign the control book of the Justice Department; He cannot leave the country and he has to keep his residence in apartment 18 of the Torre Libertador in Bella Vista; he must stay sober and cannot visit nightspots. He also should give 10 talks regarding avoiding financial crimes in ten universities.
In order to grant the parole, the judge considered that the defendant had fulfilled all of the necessary conditions and qualified Baez Romano as apt to serve as a guarantor of his son's freedom. Baez Romano committed himself to provide a paying job for his son. The judge took into account the payment of the fine that was imposed at the time of his sentencing which consisted of 100 minimum wages or about RD$500,000.
The judge also considered the fact that the former banker had reimbursed his victims through a deal signed with the Central Bank, by means of which he transferred to the bank several properties and belongings to the State. Carlos Salcedo, a lawyer for the Central Bank said that the entity was satisfied with the procedural pretentions and that the deal reclaims the property, deliver and transfer of a series of assets, some already executed and other pending execution which will allow the state to recover tens of millions of dollars.
After hearing the magistrate's decision, the former banker could not hold back his emotions and said that he was "totally" happy. But the tears flooded down his face when he talked about the time he served behind bars. "It was very painful, above all for my family, my father and for myself," he commented between sobs. Later he said that he was a completely new and repentant man, and he said that from now on he will dedicate himself to work as an assistant for his father, Ramon Baez Romano. Baez Figueroa said, as a message to young people, that the spiritual is above the material and to the society he begged them to allow him to return and work. He recalled that during his years in prison he maintained an "excellent" conduct and he did it with a lot of dignity.
The conditions
In order to keep his liberty, the judge imposed as a condition for Baez Figueroa to present himself each Friday, from 9 September 2013 until 9 December 2017 and sign the control book of the Justice Department; He cannot leave the country and he has to keep his residence in apartment 18 of the Torre Libertador in Bella Vista; he must stay sober and cannot visit nightspots. He also should give 10 talks regarding avoiding financial crimes in ten universities.
In order to grant the parole, the judge considered that the defendant had fulfilled all of the necessary conditions and qualified Baez Romano as apt to serve as a guarantor of his son's freedom. Baez Romano committed himself to provide a paying job for his son. The judge took into account the payment of the fine that was imposed at the time of his sentencing which consisted of 100 minimum wages or about RD$500,000.
The judge also considered the fact that the former banker had reimbursed his victims through a deal signed with the Central Bank, by means of which he transferred to the bank several properties and belongings to the State. Carlos Salcedo, a lawyer for the Central Bank said that the entity was satisfied with the procedural pretentions and that the deal reclaims the property, deliver and transfer of a series of assets, some already executed and other pending execution which will allow the state to recover tens of millions of dollars.
Diario Libre
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