Title: Dominican Banks Accused of Complicity in Alleged 20 Billion Peso Financial Crime

Senator’s Shocking Allegations Against 29 Dominican Banks

The Dominican Senate’s spokesperson, Iván Silva, has made startling accusations against 29 Dominican banks, claiming they have been complicit in a financial crime worth an estimated 20 billion pesos against the Dominican State.

Implicated Banks and Suggestions of Constitutional Violations

Some of the implicated banks include:

• Banco de Reservas
• Banco Múltiple BHD León
• Banco Popular
• Scotiabank of the Dominican Republic

Silva’s allegations imply that these banks may have violated the Dominican Constitution, raising concerns about potential cases of financial, tax, and fiscal fraud.

Accused Officials and Their Alleged Collusion

Named in the scandal are:

• Finance Minister Jochi Vicente
• General Director of Internal Revenue Luis Valdez

The allegations purport that these officials colluded with the banks for political, professional, and positional benefits, exploiting tax obligations assigned in the Income Tax.

Negotiated Agreement with Elevated Interest Rates

Further claims suggest that the accused officials negotiated an agreement containing elevated interest rates that extend beyond the current and the two following legislatures.

Legal Assessment and Importance of Transparency

Silva intends to assess these alleged violations legally as the details of the case continue to unfold. This developing story underscores the importance of ongoing efforts to maintain financial transparency and accountability in the Dominican Republic. Stay tuned for updates as this investigation progresses.