The audit conducted by the Chamber of Accounts of the Dominican Republic to the Ministry of Industry, Commerce and Mipymes (MICM) for the period 2015-2019, reveals that the building that currently houses the offices of that entity, was purchased in January 2017 for RD$650 million pesos more expensive than what is established by an appraisal of the Banco de Reservas carried out a month before the lease with option to buy.<\/p>\n\n\n\n
A report from the General Directorate of Administration and Risk Control of the Reserve Bank reflected an appraisal carried out on December 16, 2016, of RD$840,838,000 pesos, following a market investigation to study the value of the land and study the project budget.<\/p>\n\n\n\n
Then in the same report, another appraisal is cited to determine the value by the replacement method of RD$814,495,488.<\/p>\n\n\n\n
However, the property was purchased by the same Banreservas 33 days later for an amount of US$31 million dollars, equivalent to RD$1,464 million pesos, calculated at RD$47.25, the exchange rate at that time.<\/p>\n\n\n\n
After being purchased by Benreservas, the building was leased by the MICM with a contract until December 31, 2036, in a contract signed between the MICM represented by Juan Tem\u00edstocles Mont\u00e1s and Banreservas, represented by former administrator Sim\u00f3n Lizardo.<\/p>\n\n\n\n
\u201cThe difference can be quantified at RD$650,154,512, without there being any justification for the amount of RD$1,464,750,000 established in the contract between the bank and Dise\u00f1o Integral,\u201d states the audit published this Monday.<\/p>\n\n\n\n
Then an appraisal report from the General Directorate of Administration and Risk Control was verified, with an appraisal of RD$1,468,601,033.90, made on May 15, 2017, four months after the first appraisal for RD$814,595,488.88 and three months after the signing of the contract.<\/p>\n\n\n\n
To these questions from the Chamber of Accounts, former ministers Juan Tem\u00edstocles Mont\u00e1s and Nelson Toca Sim\u00f3 responded through communication that the Banco de Reservas was a mortgage creditor of the building, which had overdue debt pending payment, therefore it was of utmost interest for the bank to define the fate of the aforementioned property.<\/p>\n\n\nThey also opposed the arguments of the Chamber of Accounts regarding a violation of Law 340-06, as the Banco de Reservas was an autonomous entity of the State with its own assets and therefore is covered by the exclusions of Law 340-06.\n\n\n
However, the Chamber of Accounts believes that the Reserve Bank was used to benefit a third party and concluded that the financial lease of the building in question was carried out without observing Law 340-06 on Public Procurement and Contracting and its modifications and without the principles of equity, publicity and efficiency that should govern public purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"
The audit conducted by the Chamber of Accounts of the Dominican Republic to the Ministry of Industry, Commerce and Mipymes (MICM) for the period 2015-2019, reveals that the building that currently houses the offices of that entity, was purchased in January 2017 for RD$650 million pesos more expensive than what is established by an appraisal […]<\/p>\n","protected":false},"author":5401,"featured_media":469259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[4],"tags":[40844,18511,40845],"class_list":["post-469258","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-building","tag-micm","tag-millions"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/phj1q1-1Y4G","jetpack_featured_media_url":"https:\/\/deultimominuto.com\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/642e2eb237b55.jpeg","dum_api":{"author_name":"Mart\u00edn Adames","author_image":"https:\/\/deultimominuto.com\/wp-content\/uploads\/2025\/02\/cropped-WhatsApp-Image-2025-02-11-at-11.04.20-AM-96x96.jpeg","categories_name":["Economy"],"featured_media_url":"https:\/\/cdn.deultimominuto.com\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/642e2eb237b55.jpeg"},"_links":{"self":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/469258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/users\/5401"}],"replies":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/comments?post=469258"}],"version-history":[{"count":0,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/469258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media\/469259"}],"wp:attachment":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media?parent=469258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/categories?post=469258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/tags?post=469258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}