Central Bank publishes the no-objection agreement for the parole of Baez Figueroa

SANTO DOMINGO. The Central Bank published last night on its webpage, the terms of the agreement which the former president of the old Banco Intercontinental (Baninter), Ramon Buenaventura Baez Figueroa, reached with the monetary authorities so that they would not object to his request for parole in the courts.

By means of a document titled "Agreement to desist and acceptance of the desisting of judicial actions," the Central Bank reports that the Administrative Liquidation Commission of Baninter began a negotiation process, at the insistence of Baez Figueroa, in 2009 in order to close a series of open judicial processes and facilitate the delivery and recovery of assets, and that the definitive agreement between the parties was signed on 16 May 2013.

The signing of the agreement was authorized by the Monetary Board in its First Resolution of 21 March 2013, and was signed by the Manager and the legal advisor of the Central Bank, Ervin Novas Bello and Olga Morel de Reyes, respectively, as well as by Ramon Buenaventura Baez Figueroa, Ramon Baez Romano and Ramon Baez Zeller, the last two in their positions as tutor and protutor, according to the Family Council of the former banker.

The Central Bank suggests that the agreement will facilitate the recovery of property or assets that were acquired with resources from Baninter, but that are listed as property of other companies, for a value of RD$1.5 billion. They also reveal that as of 31 December 2012 they have recovered from Baninter the sum of RD$14,648,192,073.

The Central Bank committed itself, by means of the agreement, to not oppose the request for a parole by Baez Figueroa and that he finish is sentence under the conditions that are established by the Judge for the Execution of the Sentence, who ordered his release from prison last 15 August.

The agreement says that the agreement will not benefit Vivian Lubrano Carvajal de Castillo, Marcos A Baez Cocco or Luis Rafael Alvarez Renta.

Judicial decisions

The Central Bank indicates in its communiqué that by means of the agreement signed, Baez Figueroa "admitted the irreversible character of several judicial decisions, both of a penal as well as a civil nature, desisting in the same way, of several lawsuits, claims and judicial resources, both national and before the Inter American System of Human Rights.

Among these judicial resolutions the bank cites the Qualifying Decision and Decree of No Objection of 23 April 2004 of the Seventh Court of Instruction of the National District, the Qualifying verdict of 10 October 2005, from the Chamber of Qualification of the National District and sentence 350-2007, from 21 October 2007, from the First Collegiate Tribunal of the National District, among others.