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SANTO DOMINGO.- The Supreme Court yesterday upheld the 10 year prison sentence and RD$2 million fine against the ex Progreso bank president Pedro Castillo, convicted of defrauding the entity out of RD$14.0 billion.

The high Court struck down Castillo’s appeal of the sentence, citing article 426 of the Penal Procedural Code which limits its power to overturn convictions only on constitutional or human rights issues.

The resolution confirms the civil conviction against Castillo, including payment of damages of RD$5.14 billion to the bank Progreso; RD$6.9 billion for the Progreso shareholders, and RD$233 million to affiliated companies.

The National District Appellate Court’s 1st Penal Chamber upheld the conviction against Castillo on August 7.

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COMMENTS
7 comment(s)
Written by: gmiller261, 29 Sep 2009 9:54 AM
From: United States

Damn... I was going with the 100 year sentence.
Written by: PilarRodriguez, 29 Sep 2009 10:41 AM
From: Dominican Republic, Santo Domingo
Good message for white collar robers! Justice was served for all that people who lost their money. Hope they can recover not only the investment but the inherent interests.
Written by: xwill7, 29 Sep 2009 10:50 AM
From: United States, Chicago
he will still live better than 90% of the population when he gets out
Written by: WalterPolo, 29 Sep 2009 10:52 AM
From: Dominican Republic, Puerto Plata
I wonder if he will get a presidential pardon.

My bet is, since the owners of Progreso are also owners of a good chunk of the country, their influence should keep him behind bars, unlike Vivian who only gave the shaft to small fry depositors.
Written by: marinos90209, 29 Sep 2009 12:19 PM
From: United States
he`l be home by christmas...........you know what i mean.......
Written by: josean, 29 Sep 2009 3:04 PM
From: United States
Mr. Castillo don't worry the presidente LIE-onel Fernandez, loves to pardon people with your last name!
Written by: DiosPatriaYLiberta, 30 Sep 2009 8:04 AM
From: United States
lmao is crazy how in the states they gave bernie a sentence of 150 years behind bars for a 65 billion scam but this dirt bag gets only 10 years after stealing 14 billion. i mean cono delen mas, i bet if it was some random person with no political ties or even money breaking into someone's house for example and takin money le dan de por vida en la carse or atleast more then 10 years but since is someone with money le dan 10, ladronaso!
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