SAN JUAN: Puerto Rico’s government says it has appealed a court ruling that effectively means it must repay $230 million to Doral Financial Corporation.
Puerto Rico’s government originally said the bank had the right to request the refund, but later nullified the deal, saying the statute of limitations had run out. Doral Bank says it is owned the money because of overpaid taxes. The court ruled the deal was valid.
Source: www.customstoday.com.pk
