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Monday, December 29, 2014

Puerto Rico News Digest For December 29, 2014


From The San Juan Daily Star:

Puerto Rico Justice Secretary César Miranda said that on or before
Jan. 2, the agency will appeal the recent ruling that validated a
2012 closing agreement in which the commonwealth government pledged
to pay a refund of almost $230 million to Doral Bank. The appeal comes
days after federal authorities raided the bank in search of documents
related to the 2011 slaying of Doral Executive Vice President Maurice
Spagnoletti. It also comes as the bank faces financial struggles as
it is undercapitalized and threats to be removed from the stock market.
“Justice will appeal the ruling on Doral on or before the expiration
of the term set for January 2,” Miranda said in written statements
released by the press office.


From The International Business Times:

Canelo Alvarez of Mexico against Miguel Cotto of Puerto Rico on Cinco
de Mayo weekend has yet to be finalised and there are rumours that
Floyd Mayweather Jr. may instead fight Puerto Rican Cotto rather than
Filipino Manny Pacquiao. The development is seen as a double blow for
boxing fans who are demanding that Mayweather face Pacquiao and who
wants to see the huge Puerto Rico vs. Mexico rivalry match in 2015.

Mayweather and Pacquiao have recently indulged in word wars although
both camps have publicly revealed that they are willing to fight each
other on May 2, 2015 while the Alvarez vs. Cotto fight was announced
as a probable fight although date and venue have not been revealed yet.
According to Oscar De La Hoya, the head for Golden Boy promotions
which handles the Canelo fights, they want the fight on Cinco de Mayo
weekend if the Mayweather vs. Pacquiao won’t happen.


From The Jamaica Observer:

The United States Department of Justice (DOJ) says 12 former Puerto
Rico police officers have been jailed for running a criminal organi-
zation out of the Puerto Rico Police Department. The DOJ said
the ex-officers used their law enforcement affiliation and equipment
to commit robbery and extortion, and sell illegal narcotics and
manipulate court records.

Most of the defendants pleaded guilty on August 21 to violating the
Racketeer Influenced and Corrupt Organizations Act (RICO). Four
others convicted in the case are scheduled to be sentenced in


Despite Puerto Rico’s ongoing fiscal crisis and allegations of corrup-
tion by enemies of Gov. Alejandro García-Padilla, business executives 
and foreign investors still perceive the Commonwealth as relatively 
clean by Caribbean standards.

Transparency International’s 2014 Corruption Perceptions Index, 
released earlier this month, shows Puerto Rico scoring 63 on a scale of 
zero to 100, with zero being the most corrupt and 100 representing the 
cleanest. The island tied for 31st place worldwide this year — along 
with Portugal, Cyprus and the African nation of Botswana — up from 
33rd place in 2013 and 32nd the year before.

In the Caribbean, only Barbados (with a score of 74), the Bahamas (71) 
and St. Vincent (67) outranked Puerto Rico. That puts the “Isla del 
Encanto” slightly ahead of Dominica (which scored 58) and way ahead 
of  Cuba (46), Jamaica (38), Trinidad & Tobago (38), Suriname (36), 
Dominican Republic (32), Guyana (30) and Haiti (19).

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