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
Raghavendra Rathore his intermediate schooling. Soon after, he set sail to the US, where he studied a variety of liberal arts from anthropology, astronomy, modern American fiction, and robotics at Hampshire College in Amherst, Massachusetts. He then studied arts and philosophy at the Marlboro College in Vermont, and went on to graduate from the Parsons School of Design in New York City, in 1992. After graduating from Parsons, Rathore went to work for Donna Karan as an assistant designer for DKNY. He then worked at the high design atelier of Oscar de la Renta, and was an assistant to de la Renta.