Year-on-year inflation in the Dominican Republic reaches almost 9% due to the impact of global oil prices. Texas crude opens nearly flat at $105.72 a barrel. The government freezes fuel prices for next week. The state demands compensation for money stolen in the Coral case. The FM case also involves the former director of Migration in Santiago. Preventive detention will be requested for seven prisoners. Abinader has a busy schedule in Chile and Argentina. Organized crime has turned Santiago into its center of operations. The US prohibits the import of Russian vodka, diamonds, fish, and seafood. Russia expands its offensive in Ukraine, attacking east and west. Ten corner stores in La Victoria are raided for multimillion-dollar fraud against Solidarity Card users. Preventive detention is confirmed for Adán Cáceres and other defendants in the Coral case.
Year-on-year inflation in the Dominican Republic is nearing 9%, due to the impact of global oil prices
The Central Bank of the Dominican Republic (BCRD) reported that the Consumer Price Index (CPI) registered a variation of 0.92% in February compared to January of this same year, 2022. With this result, the accumulated inflation for the January-February period stood at 2.11%. However, the year-on-year inflation measured from February 2021 to February 2022 reached 8.98%.
Texas crude oil opens almost flat at $ 105.72 a barrel
The price of crude oil opened almost flat on Friday, with a slight decrease of 0.28% to $105.72 per barrel, and was on track to close lower after a week marked by volatility stemming from the war in Ukraine. At 9:05 a.m. New York time (2:05 p.m. GMT), WTI futures contracts for April delivery were down 30 cents from the previous close.
Governmentfreezes fuel prices for next week
The Ministry of Industry, Commerce, and MSMEs (MICM) has frozen the price of all fuels for the week of March 12-18, according to the institution's new resolution. Therefore, the price of a gallon of premium gasoline will remain at RD$293.60 and regular gasoline at RD$274.50.
The State is seeking compensation for money stolen in the Coral case
The Dominican State, through its Legal Team for the Recovery of Public Assets, has joined the case as a plaintiff and civil party against those implicated in the Coral case. This was announced yesterday by lawyers José Alberto Ortiz and Rafael Rivas Solano, who stated that they will later specify the amount to be claimed in order to obtain compensation for damages suffered by the Dominican State, as the victim
The FM case also involves the former director of Migration in Santiago; they will request preventive detention for 7 prisoners.
The former director of Immigration in Santiago, Juan Isidro Pérez de la Rosa, and his son, Juan Gabriel Pérez Tejada, are among the seven people arrested in the “FM Case,” whom the Public Prosecutor's Office accuses of defrauding U.S. citizens. Pérez Tejada is identified as the ringleader. Both were arrested yesterday in operations carried out in Santiago. His father served as an Immigration official during the administrations of the Dominican Liberation Party (PLD). The Public Prosecutor's Office is also prepared to request pretrial detention for seven other individuals charged with money laundering related to drug trafficking, who were arrested last Thursday as part of the “FM Case.”.
Abinader's busy schedule in Chile and Argentina
President Luis Abinader participated yesterday in the inauguration of Gabriel Boric as President of Chile, continuing his working agenda in South America. The transfer of power ceremony took place in the Hall of Honor of the National Congress in Valparaíso, where the Dominican leader was accompanied by Foreign Minister Roberto Álvarez.
Organized crime has turned Santiago into its center of operations
Over the past 18 months, authorities have conducted extensive operations against organized crime, dismantling four drug trafficking, fraud, and extortion rings operating in Santiago, Chile, for the purpose of money laundering. These rings were based in Santiago and involved dozens of raids carried out by the Public Prosecutor's Office, supported by the Armed Forces, the Police, and the National Drug Control Directorate (DNCD). These operations, which required significant logistical support, were known as Operations Falcón, Larva, Discovery, and FM, the latter launched yesterday. It is worth noting that two of these criminal organizations have been dismantled in the last eight days.
The US bans the import ofvodka, diamonds, fish and seafood
US President Joe Biden announced on Friday a ban on importing vodka, diamonds, fish and seafood from Russia to the US as a sanction for Russia's invasion of Ukraine.
Russiaexpands its offensiveinUkraine: attacking east and west
Russia expanded its offensive in Ukraine on Friday, attacking airfields in the west and a major industrial city in the east, while the massive convoy that had been stalled for a week outside Kyiv got moving again, stretching near the capital.
Ten grocery stores in La Victoria are raided for multimillion-dollar fraud against Solidarity card users
From the early hours of yesterday morning, the National Police, through the Department of Investigation of High-Tech Crimes and Offenses (DICAT), carried out several simultaneous raids as part of Operation "Solidarity 3.0." In coordination with the Public Prosecutor's Office, several corner stores in La Victoria were raided, and approximately 10 people were arrested. "Intelligence work revealed that a multi-million dollar fraud was perpetrated against the State and beneficiaries of the Supérate card program in 10 corner stores in that town, using the payment terminals installed in those establishments," Colonel Diego Pesqueira, spokesperson for the National Police, told Listín Diario
Pretrial detention confirmed for Adán Cáceres and other defendants in the Coral Case
The First Court of Instruction of the National District confirmed this Friday the preventive detention of Major General Adán Cáceres Silvestre and the other defendants for administrative corruption in the Coral.
Sources: Listin Diario, El Día, Hoy, Diario Libre
