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 won by a somewhat disputable split decision. De La Hoya was knocked down once in the fight, while Quartey was down twice. He then defeated Oba Carr (48–2–1) by eleventh-round TKO. After seven defenses of his lineal and WBC welterweight titles, De La Hoya fought rival and IBF Champion Félix Trinidad (35–0) on September 18, 1999, in one of the biggest pay-per-view events in history, setting a record for a non-heavyweight fight. Oscar dominated the vast majority of the first nine rounds, staying just outside Trinidad's range while generating much success with his stiff jab and blitzing combinations. But in