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Luis Alvarez Renta. File photo.
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SANTO DOMINGO. - Luis Alvarez Renta, one of the country’s wealthiest financiers and one of four convicted of fraud in the Baninter bank collapse, was sent to the prison at Najayo, San Cristobal (south) Thursday night, to begin serving a 10-year prison sentence.

Sentencing judge Saulo Ysabel Diaz issued the custody order around 7 p.m. last night, after almost 12 hours of discussion with the condemned and his lawyers, who asked the court to reduce his sentence and that he be allowed to serve his time in prison in the jail at Aras Nacionales, Villa Mella.

Alvarez Renta arrived early Thursday morning at Diaz’s office in the company of his lawyers.

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9 comment(s)
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Written by: gouletcolonial, 18 Jul 2008 10:08 AM
From: United States Virgin Islands, St Thomas C' Amalie hotel 1829 at the Bar
Ed Asner look alike or seperated at birth clone will be watching life styles of the Rich and Famous on TV with the poor and desperate inside
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Written by: TonyTunTun, 18 Jul 2008 10:16 AM
From: United States
He will find a sugar daddy in Najayo
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Written by: gouletcolonial, 18 Jul 2008 10:19 AM
From: United States Virgin Islands, St Thomas C' Amalie hotel 1829 at the Bar
He will buy whatever he wants inside as long as he cannot buy freedom .....I dont care
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Written by: BLANCO, 18 Jul 2008 10:34 AM
From: Dominican Republic
why villa mella....is this the holiday inn of the prison system????
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Written by: NYCDR, 18 Jul 2008 12:49 PM
From: United States
Where is the money? If I was a citizen of Dominican Republic I would be outraged, and insulted at the fact that in 10 years this piece of blobbery scum will still have in his possession the monies he stoled from the nation. Is there any way of getting it back? Is there any way of destituting all of his assets and bringing back into the system and providing the much needed money to the school system (there is another piece of garbage that will be tossed for 25 yrs or more) , law enforcement and hospitals ...
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Written by: NYCDR, 18 Jul 2008 12:52 PM
From: United States
Is this real punishment? stealing from the future of young children, health, quality of life and safety?
Is there any justice or are the dominican population of such narrow mind that they dont foresee the end result that soon will follow from continuing to harbor, condone, consent and support deviant behavior!!!
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Written by: BLANCO, 18 Jul 2008 4:32 PM
From: Dominican Republic
this guy was convicted in florida courts and ordered to pay dthe dominican state a large sum of money. no word on that...must be a follow up somewhere
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Written by: TonyTunTun, 18 Jul 2008 4:36 PM
From: United States
just seize the assets! Why the hell should the DR gov have to wait to get paid.
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Written by: BLANCO, 18 Jul 2008 4:38 PM
From: Dominican Republic
assets....cayman islands
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