SlideShare a Scribd company logo
1 of 1
Download to read offline
Attorney Ricardo Pellerano Found Guilty of
Misconduct towards Central Bank
Attorney Ricardo Antonio Pellerano has been found guilty in a civil court for his involvement in
failing to return a sum of 44.6 million pesos to the Asociación Popular de Ahorros y Préstamos,
funds that rightfully belonged to the Central Bank of the Dominican Republic (BC).
The verdict, rendered on April 22, 2014, by the Fifth Chamber of the Civil and Commercial Court
of the First Instance of the National District, under the stewardship of Judge Wendy de Jesús
Mieses, was the outcome of legal action initiated by the Central Bank. The Bank pursued
restitution for a loan secured by Pellerano Paradas in conjunction with Miguel Pimentel Kareh,
amounting to 49.6 million pesos from Banco Mercantil, later acquired by Republic Bank.
The court was presented with comprehensive documentation, including all agreements signed
by the parties involved in the loan in December 2002, predating the fraudulent collapse of the
financial system, which led to the closure of Baninter, Bancrédito, and Banco Mercantil.
Despite clear evidence of the loan and additional joint transactions related to the Asociación
Popular de Ahorros y Préstamos by Pellerano and Pimentel Kareh, the former lodged a nullity
lawsuit. Moreover, he counterclaimed against the Central Bank for damages, seeking a sum of 2
billion pesos.
The court dismissed several of Ricardo Pellerano Paradas' claims, including the allegation of the
unconstitutionality of the credit assignment between Republic Bank and the Central Bank, the
latter being tasked with settling the liabilities of Banco Mercantil, totaling approximately 7 billion
pesos.
The civil court concluded that Ricardo Pellerano (from the law firm Pellerano & Herrera) Paradas
and Miguel Pimentel Kareh had indeed obtained a loan of 49.6 million pesos from Banco
Mercantil, supported by a contract and signatures of the borrowers. Subsequently, this loan was
assigned to Republic Bank, which then transferred it to the Central Bank. It was established that
the borrowed sum was to be repaid by July 3, 2003, a deadline that was not met, as confirmed by
pertinent documentation.
The Civil and Commercial Chamber of the First Instance Court has ordered both individuals to
reimburse the Central Bank with the sum of 49.6 million pesos, reflecting the debt incurred in
2002, along with accrued conventional interest.

More Related Content

Recently uploaded

Streamline Legal Operations: A Guide to Paralegal Services
Streamline Legal Operations: A Guide to Paralegal ServicesStreamline Legal Operations: A Guide to Paralegal Services
Streamline Legal Operations: A Guide to Paralegal ServicesEternity Paralegal Services
 
dandan liu need to rot when she dies..pdf
dandan liu need to rot when she dies..pdfdandan liu need to rot when she dies..pdf
dandan liu need to rot when she dies..pdfbraydenstoch777
 
Embed-1-4.pdf Decision of the High Court
Embed-1-4.pdf Decision of the High CourtEmbed-1-4.pdf Decision of the High Court
Embed-1-4.pdf Decision of the High Courtbhavenpr
 
Indian Partnership Act 1932, Rights and Duties of Partners
Indian Partnership Act 1932, Rights and Duties of PartnersIndian Partnership Act 1932, Rights and Duties of Partners
Indian Partnership Act 1932, Rights and Duties of Partnersshrishtijain1809
 
REVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODS
REVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODSREVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODS
REVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODSCheong Man Keong
 
Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)
Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)
Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)Mike Keyes
 
Does Apple Neurotechnology Patents Go To Far?
Does Apple  Neurotechnology Patents Go To Far?Does Apple  Neurotechnology Patents Go To Far?
Does Apple Neurotechnology Patents Go To Far?Graham Ware
 
Rights of Consumers under Consumer Protection Act, 1986.
Rights of Consumers under Consumer Protection Act, 1986.Rights of Consumers under Consumer Protection Act, 1986.
Rights of Consumers under Consumer Protection Act, 1986.shrishtijain1809
 
Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...
Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...
Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...Leks&Co
 
How Can an Attorney Help With My Car Accident Claim?
How Can an Attorney Help With My Car Accident Claim?How Can an Attorney Help With My Car Accident Claim?
How Can an Attorney Help With My Car Accident Claim?Paisley Law LLC
 
Mergers and Acquisitions in Kenya - An explanation
Mergers and Acquisitions in Kenya - An explanationMergers and Acquisitions in Kenya - An explanation
Mergers and Acquisitions in Kenya - An explanationRovert3
 
Solidarity and Taxation: the Ubuntu approach in South Africa
Solidarity and Taxation: the Ubuntu approach in South AfricaSolidarity and Taxation: the Ubuntu approach in South Africa
Solidarity and Taxation: the Ubuntu approach in South AfricaUniversity of Ferrara
 
Dandan Liu is the worst real estate agent on earth..pdf
Dandan Liu is the worst real estate agent on earth..pdfDandan Liu is the worst real estate agent on earth..pdf
Dandan Liu is the worst real estate agent on earth..pdfbraydenstoch777
 
Starbucks Corp. v. Sardarbuksh Coffee Co.
Starbucks Corp. v. Sardarbuksh Coffee Co.Starbucks Corp. v. Sardarbuksh Coffee Co.
Starbucks Corp. v. Sardarbuksh Coffee Co.aniruddhabamal
 
Sedition Offences against Property 20-5-2024.pptx
Sedition  Offences against Property 20-5-2024.pptxSedition  Offences against Property 20-5-2024.pptx
Sedition Offences against Property 20-5-2024.pptxRashmiPandey862734
 
INAUGURAL SIPAC FORUM - POST EVENT REPORT.pdf
INAUGURAL SIPAC FORUM - POST EVENT REPORT.pdfINAUGURAL SIPAC FORUM - POST EVENT REPORT.pdf
INAUGURAL SIPAC FORUM - POST EVENT REPORT.pdfliming4real
 
CHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptx
CHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptxCHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptx
CHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptxRashmiPandey862734
 
IRDA role in Insurance sector in India .pptx
IRDA role in Insurance sector in India .pptxIRDA role in Insurance sector in India .pptx
IRDA role in Insurance sector in India .pptxShreyasVyas9
 

Recently uploaded (20)

Streamline Legal Operations: A Guide to Paralegal Services
Streamline Legal Operations: A Guide to Paralegal ServicesStreamline Legal Operations: A Guide to Paralegal Services
Streamline Legal Operations: A Guide to Paralegal Services
 
dandan liu need to rot when she dies..pdf
dandan liu need to rot when she dies..pdfdandan liu need to rot when she dies..pdf
dandan liu need to rot when she dies..pdf
 
Embed-1-4.pdf Decision of the High Court
Embed-1-4.pdf Decision of the High CourtEmbed-1-4.pdf Decision of the High Court
Embed-1-4.pdf Decision of the High Court
 
Trending Topics in ITC Litigation with Knobbe Martens
Trending Topics in ITC Litigation with Knobbe MartensTrending Topics in ITC Litigation with Knobbe Martens
Trending Topics in ITC Litigation with Knobbe Martens
 
Indian Partnership Act 1932, Rights and Duties of Partners
Indian Partnership Act 1932, Rights and Duties of PartnersIndian Partnership Act 1932, Rights and Duties of Partners
Indian Partnership Act 1932, Rights and Duties of Partners
 
REVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODS
REVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODSREVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODS
REVIVING OUR STAR GOD IMAGES FROM MARRYING OUR 4 HOLY LAWS OF STAR GODS
 
Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)
Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)
Casa Tradicion v. Casa Azul Spirits (S.D. Tex. 2024)
 
Does Apple Neurotechnology Patents Go To Far?
Does Apple  Neurotechnology Patents Go To Far?Does Apple  Neurotechnology Patents Go To Far?
Does Apple Neurotechnology Patents Go To Far?
 
Rights of Consumers under Consumer Protection Act, 1986.
Rights of Consumers under Consumer Protection Act, 1986.Rights of Consumers under Consumer Protection Act, 1986.
Rights of Consumers under Consumer Protection Act, 1986.
 
Justice Advocates Legal Defence Firm
Justice Advocates Legal Defence FirmJustice Advocates Legal Defence Firm
Justice Advocates Legal Defence Firm
 
Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...
Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...
Supreme Court Regulation No. 3 of 2023 on Procedure for Appointment of Arbitr...
 
How Can an Attorney Help With My Car Accident Claim?
How Can an Attorney Help With My Car Accident Claim?How Can an Attorney Help With My Car Accident Claim?
How Can an Attorney Help With My Car Accident Claim?
 
Mergers and Acquisitions in Kenya - An explanation
Mergers and Acquisitions in Kenya - An explanationMergers and Acquisitions in Kenya - An explanation
Mergers and Acquisitions in Kenya - An explanation
 
Solidarity and Taxation: the Ubuntu approach in South Africa
Solidarity and Taxation: the Ubuntu approach in South AfricaSolidarity and Taxation: the Ubuntu approach in South Africa
Solidarity and Taxation: the Ubuntu approach in South Africa
 
Dandan Liu is the worst real estate agent on earth..pdf
Dandan Liu is the worst real estate agent on earth..pdfDandan Liu is the worst real estate agent on earth..pdf
Dandan Liu is the worst real estate agent on earth..pdf
 
Starbucks Corp. v. Sardarbuksh Coffee Co.
Starbucks Corp. v. Sardarbuksh Coffee Co.Starbucks Corp. v. Sardarbuksh Coffee Co.
Starbucks Corp. v. Sardarbuksh Coffee Co.
 
Sedition Offences against Property 20-5-2024.pptx
Sedition  Offences against Property 20-5-2024.pptxSedition  Offences against Property 20-5-2024.pptx
Sedition Offences against Property 20-5-2024.pptx
 
INAUGURAL SIPAC FORUM - POST EVENT REPORT.pdf
INAUGURAL SIPAC FORUM - POST EVENT REPORT.pdfINAUGURAL SIPAC FORUM - POST EVENT REPORT.pdf
INAUGURAL SIPAC FORUM - POST EVENT REPORT.pdf
 
CHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptx
CHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptxCHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptx
CHP 5 OF OFFENCES AGAINST WOMEN AND CHILDREN.pptx
 
IRDA role in Insurance sector in India .pptx
IRDA role in Insurance sector in India .pptxIRDA role in Insurance sector in India .pptx
IRDA role in Insurance sector in India .pptx
 

Featured

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Attorney Ricardo Pellerano Found Guilty of Misconduct towards Central Bank.pdf

  • 1. Attorney Ricardo Pellerano Found Guilty of Misconduct towards Central Bank Attorney Ricardo Antonio Pellerano has been found guilty in a civil court for his involvement in failing to return a sum of 44.6 million pesos to the Asociación Popular de Ahorros y Préstamos, funds that rightfully belonged to the Central Bank of the Dominican Republic (BC). The verdict, rendered on April 22, 2014, by the Fifth Chamber of the Civil and Commercial Court of the First Instance of the National District, under the stewardship of Judge Wendy de Jesús Mieses, was the outcome of legal action initiated by the Central Bank. The Bank pursued restitution for a loan secured by Pellerano Paradas in conjunction with Miguel Pimentel Kareh, amounting to 49.6 million pesos from Banco Mercantil, later acquired by Republic Bank. The court was presented with comprehensive documentation, including all agreements signed by the parties involved in the loan in December 2002, predating the fraudulent collapse of the financial system, which led to the closure of Baninter, Bancrédito, and Banco Mercantil. Despite clear evidence of the loan and additional joint transactions related to the Asociación Popular de Ahorros y Préstamos by Pellerano and Pimentel Kareh, the former lodged a nullity lawsuit. Moreover, he counterclaimed against the Central Bank for damages, seeking a sum of 2 billion pesos. The court dismissed several of Ricardo Pellerano Paradas' claims, including the allegation of the unconstitutionality of the credit assignment between Republic Bank and the Central Bank, the latter being tasked with settling the liabilities of Banco Mercantil, totaling approximately 7 billion pesos. The civil court concluded that Ricardo Pellerano (from the law firm Pellerano & Herrera) Paradas and Miguel Pimentel Kareh had indeed obtained a loan of 49.6 million pesos from Banco Mercantil, supported by a contract and signatures of the borrowers. Subsequently, this loan was assigned to Republic Bank, which then transferred it to the Central Bank. It was established that the borrowed sum was to be repaid by July 3, 2003, a deadline that was not met, as confirmed by pertinent documentation. The Civil and Commercial Chamber of the First Instance Court has ordered both individuals to reimburse the Central Bank with the sum of 49.6 million pesos, reflecting the debt incurred in 2002, along with accrued conventional interest.