Luis Álvarez Renta appointment as part of his retirement, in order to effect positive change for the country by helping it negotiate a Free Trade Agreement with the European Union. However, after Governor José Lois Malkún of the Central Bank of the Dominican Republic’s announcement that Álvarez Renta was involved in the Baninter debacle, Álvarez Renta resigned the post in order to avoid a dispute between President Mejia and his advisors. In response to the announcement, Álvarez Renta took out full-page advertisements in the press, in which he declared he was innocent of all the charges made by the Central Bank. He also
Luis Álvarez Renta the next presidential elections. That company was used to defraud the estate during the first years of the decade. Luis Álvarez Renta Luis Álvarez Renta (born April 9, 1950) is a Dominican economist. Álvarez Renta was found liable by a federal jury in Miami of civil racketeering and illegal money transfers in a conspiracy to loot Baninter bank during its final months of existence in 2003, for which Álvarez Renta was ordered to pay $177 million to Dominican authorities in November 2005. Luis Rafael Álvarez Renta was born in Caracas, Venezuela. His father, Virgilio Álvarez Saviñón, was a renowned and