The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, by its initials in Spanish) put the Council on Developmental Disabilities (CDD), an entity attached to the Puerto Rico Planning Board under receivership. This action is intended correct certain serious deficiencies identified by the U.S. Department of Health and Human Services, which jeopardize approximately $2.5 […]
Treasury Secretary Juan Zaragoza will ask the Financial Oversight and Management Board for Puerto Rico to place the agency he heads under receivership, to prevent anyone — including himself — from signing off on significant material transactions that could affect the government’s coffers.
Following Sunday’s confirmation that Puerto Rico Treasury Secretary Juan Zaragoza had stepped down from his post at the Government Development Bank’s board of directors, to “avoid a conflict of interest,” a group of bi-partisan lawmakers demanded transparency from the troubled public agency.
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