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SANTO DOMINGO.- The dismissals of editor-in-chief Antonio Gil and managing editor Rafael Ciprián is the latest in a series of setbacks this year for newspaper Listin Diario, Dominican Republic's oldest daily, founded in the late 1800s.

The latest incident allegedly involves a subpoena to pay more than RD$3 billion the newspaper reportedly owes to the failed bank Baninter, represented by its Liquidator Commission.

On November 25 and 2 the lawyers Carlos Salcedo, Jose Lorenzo Fermín and Cristóbal Perez Siragusa notified Listin Diario that it owes 57.6 million dollars, and R$1.13 billion pesos, spread among more than 20 loans.

On Sunday Listin Diario's editorial challenged that the Central banker Hector Valdez Albizu to clarify which banks had be accumulating currencies and doing bad deals, as he had denounced.

Yesterday Gil and Ciprián were verbally dismissed from their posts, although the reasons are as yet unknown.

Listin Diario hasn't published anything on the matter and Gil's and Ciprián's names still appear today with their respective posts.

Today it was impossible to locate by telephone Listin Diario publishing company president Ramon Báez Romano for a statement.

SOURCE: elnacional.com.do

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COMMENTS
6 comment(s)
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Written by: gouletcolonial, 3 Dec 2008 2:40 PM
From: Canada, Toronto ,Cabbagetown,Parliament and Gerrard
I can hardly wait to hear the real story
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Written by: generoso, 3 Dec 2008 3:03 PM
From: United States, Santa Fe, New Mexico
It's about time they pay up their defaulted loans to Baninter liquidators or the central bank.
They purchased the Listin for nothing using leverage and have not paid a dime back using political blackmail.
Pay up or get out!
The honest tax payers of this country have had enough and can't take it any more, we are paying for that bad loan every time we put gas in our cars included in the gas tax.
The late Don Rafael Herrera the most respected editorialist and honest newspaper publisher of the 20 TH century that was managing the Listin Diario for many years should be spinning in his grave to see what the Listin Diario has becomed today and what dark interests it represents.
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Written by: gouletcolonial, 3 Dec 2008 3:14 PM
From: Canada, Toronto ,Cabbagetown,Parliament and Gerrard
Spinning in his grave
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Written by: texasshoe, 3 Dec 2008 3:29 PM
From: United States, Richmond, Texas
Why would you can those two guys, an editor in chief and the managing editor. I am certian they had nothing to do with the loan or purchase of the paper. Sound to me like a typical manuever to shift the focus elesewhere.
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Written by: generoso, 3 Dec 2008 3:34 PM
From: United States, Santa Fe, New Mexico
texasshoe
They answered the call from the collectors instead of saying, "he is not here", or "he is in a meeting"
or "he is on vacation", "or the check needs another signature". They answered saying, "look we have nothing to do with that I want to stay here after you guys come and take over", or something like that.
Or they were offered in ransom to the central bank to forgive the loan and they refused to go,
so they got canned and packed and left hurriedly. LOL.
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Written by: Manhattanite, 3 Dec 2008 5:18 PM
From: United States, New York City
Or maybe they really were involved in the loan. Don't know if Listin would have a dedicated CFO.
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