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
Oscar De La Hoya vs. Julio César Chávez II Oscar De La Hoya vs. Julio César Chávez II Oscar De La Hoya vs. Julio César Chávez II, billed as "Ultimate Revenge", was a professional boxing match contested on September 18, 1998 for the WBC and lineal welterweight championships. De La Hoya and Chavez had previously fought each other over two years earlier on June 7, 1996 for Chavez's WBC super lightweight title. In a highly–anticipated matchup, De La Hoya dominated the aging champion, winning the first three rounds on all three judge's scorecards before the fight was stopped in the fourth round due to a large gash Chavez had