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. Rafael Ruelas the canvas with a left hook. Rualas got back up, and though clearly hurt, was allowed to continue. De La Hoya quickly dropped Ruelas for the second time with a right hand soon after. Referee Richard Steele again allowed Ruelas to continue, but De La Hoya again went on the attack and landed a flurry of unanswered punches, causing Steele to quickly step in and end the fight. at 1:43 of the round. Oscar De La Hoya vs. Rafael Ruelas Oscar De La Hoya vs. Rafael Ruelas, billed as "La Batalla", was a professional boxing match contested on May 6,