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Probe Sought into Confidentiality Agreement Between Lew and Commonwealth

By on July 10, 2016

SAN JUAN – New Progressive Party Rep. José Enrique “Quiquito” Meléndez urged top U.S. officials and lawmakers Sunday to investigate a confidentiality agreement between the commonwealth and the Treasury Department.

Meléndez sent letters to Senate Finance Committee Chairman Orrin G. Hatch, Attorney General Loretta Lynch and FBI Director James B. Comey Jr. calling for a probe, citing that the agreement is a government excuse to avoid releasing publicly the actual state of the government’s finances.

He was referring to a letter sent in June by Hatch to Lew in which he raised the possibility that the confidential information will grant exclusive access to selected federal officials to market sensitive information. Hatch also sought access to the agreement that Treasury had allegedly signed with government agencies such as the Puerto Rico Electric Power Authority since March 2015.

NPP Rep. José Enrique "Quiquito" Meléndez

NPP Rep. José Enrique “Quiquito” Meléndez

“Currently, there is a sense of unease about the intention to enter into this agreement and whether it served as a means of pressure to achieve the approval of the controversial Promesa bill [Puerto Rico Oversight, Management, and Economic Stability Act]. Further, there are concerns about whether this confidentiality agreement could have hidden information from creditors about the real situation of Puerto Rico’s finances,” the politician argued.

“Such questions need to be addressed and properly analyzed, as this process should not involve any conflict of interest, undue influence by special interests, potential SEC [Securities and Exchange Commission] violations, or of any law or regulation, by any party involved in the lobbying process ahead of the approval of the fiscal control board,” he wrote.

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