Doral Financial Corp. and Puerto Rico government officials were back in the public eye Tuesday, when both parties took to the media to defend their reasons for a collapse in court-ordered negotiations regarding a $229 million tax refund the former is claiming, and the latter rescinded.
Despite word that court-ordered talks between the government and Doral Financial Corp. had broken down late Friday, representatives from both parties confirmed negotiations are still on the fate of a $229 million tax refund the bank is claiming from the government.
Two executives who own the Bora Bora and Flamers retail establishments are facing 36 counts of tax evasion and illegal appropriation of public funds for failing to remit more than $1.2 million in sales and use tax money collected between 2009 and 2012, according to the findings of a joint investigation by the Puerto Rico Justice and Treasury Departments.
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