SANTO DOMINGO. - The Seized Assets Safeguard Office handed over numerous properties seized in the case of the failed bank Baninter, to the Central Bank’s Liquidation Commission, which said they’ll be auctioned.

In compliance with the Court of Appeals Chamber Penal sentence, ratified by the Supreme Court last year, the entity transferred to the Central Bank the confiscated assets.

The seized goods are the company MEDCOM, S.A., that include RNN (Channel 27), Telecentro (Channel 13), Ringo Records, RCC Records, Belleza Dominicana, among other media, said its Juan Matos director.

Also three aircraft, radio stations across the country, and two properties of former Baninter president Ramon Baez Figueroa located in Casa de Campo’s Marina.

The Office gave to the Central Bank Liquidation Commission the financial statements on the assets seized after the 74 billion peso (US$2.5 billion) fraud, but didn’t specify their value.

Commission member Luis Piña said the inventories will now be verified and the properties appraised, to put them on auction, according to the Law.

The Commission said it’ll continue looking for other Baninter assets which aren’t in the sentence to confiscate and auction them, but affirmed that employees of those companies will continue to work normally, changing only the administration.