Doral Financial Corporation: Two Days of Trial and Hacienda Has Put Forth No Evidence

SAN JUAN, Puerto Rico, Sept. 19, 2014 /PRNewswire-USNewswire/ -- Following today's trial in the Doral Financial Corporation v. Hacienda court case, Doral Legal Counsel Matthew D. McGill issued the following statement:

"For four months, Doral has been waiting for Hacienda to explain its attempt to nullify its $230 million debt to Doral.  Hacienda claimed that Doral obtained its 2012 tax agreement through a fraud, but after two days of trial, including testimony from Secretary Melba Acosta Febo herself, Hacienda has come forward with no evidence supporting that outrageous accusation.  When this case is over, the people of Puerto Rico will have to ask whether they were well served by their government's unfounded attack on one of Puerto Rico's few remaining banks."

"Por los pasados cuatro meses, Doral ha estado en espera que Hacienda provea una explicacion acerca de su intento de anular su deuda de $230 millones con Doral. Hacienda alego que Doral obtuvo su acuerdo del 2012 mediante fraude, pero luego de dos dias de juicio, incluyendo testimonio de la propia secretaria de Hacienda, Melba Acosta Febo, Hacienda no ha podido presentar evidencia que apoye esta acusacion atroz. Cuando este caso llegue a su fin, el pueblo de Puerto Rico tendra la oportunidad de evaluar si fueron bien servidos por este gobierno ante su ataque infundado en contra de uno de los pocos bancos restantes de Puerto Rico."

For more information on case of Doral vs. the Hacienda and events leading up to the trial, visit www.DoralPuertoRicoFacts.com.

Doral Financial Corporation is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and northwest region of Florida) and Puerto Rico. Doral Financial Corporation's common shares trade on the New York Stock Exchange under the symbol DRL.

SOURCE Doral Financial Corporation

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