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News 2026-10-06 12:32 UTC

Puerto Rico bondholders demand FOMB accountability over $5.9B contract

PREPA bondholders are demanding accountability from Puerto Rico's oversight board (FOMB) over a $5.9 billion power generation contract approved with allegations of forgery and fraud. They cite the FOMB's failure to perform due diligence, including verifying a signatory's identity and ensuring a performance bond was pos