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prima:Why has the sale of BDE loans become a problem for hundreds of companies in Puerto Rico?

We tell you what happened with the transactions that were referred to the Department of Justice and that have put the bank and hotels, restaurants, agricultural companies and other businesses in the country in trouble

January 10, 2025 - 2:01 PM

The process of buying and selling the BDE's loan portfolios began in 2017. (Gerald Lopez-Cepero)

Some seven years after the Economic Development Bank (BDE) sold a good part of its loan portfolio to investment funds, in transactions that are alleged to be irregular and have been challenged in court, dozens of entrepreneurs have lost their businesses, and with it, the jobs they generated and the wealth with which they contributed to strengthening the country’s economy.

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