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 title and defended the WBO title against undefeated Genaro Hernández (32–0–1), who relinquished the WBA super-featherweight title to fight De La Hoya. Hernandez quit after six rounds because of a broken nose. In his sixth and final defense of the WBO lightweight title, he knocked out Jesse James Leija (30–1–2) in two rounds at New York's Madison Square Garden. On June 7, 1996, Oscar De La Hoya fought Mexican legend Julio César Chávez (96–1–1) for the lineal and WBC light welterweight championship. De la Hoya, with a record of 21–0 with 19 K.Os, defeated Chavez by a fourth-round TKO. The