Previous Thread
Next Thread
Print Thread
Joined: Nov 2002
Posts: 2,537
Short Offline OP
OP Offline
Charges against Belize Bank & F.C.I.B. dropped
Prime Minister dropped the big news when he announced that charges brought against the Belize Bank and the First Caribbean Bank by the Financial Intelligence Unit were being withdrawn. Belize Bank was charged with seventy-nine charges of failure to disclose suspicious transactions to the Central Bank on June eighteenth and First Caribbean Bank was charged later on July twenty-second with one hundred and thirteen charges.
http://www.channel5belize.com/archive_detail_story.php?story_id=21588

Barrow names Oversight Committee for Venezuelan millions
And as for those ten million U.S dollars from Venezuela that the Central Bank retrieved from the Belize Bank on August eleventh following months of litigation in court, the Prime Minister announced he has appointed a Steering Committee that will have oversight on the millions.
Chairing the steering committee is Deputy Prime Minister Gaspar Vega, while Minister of Housing Anthony "Boots" Martinez, Minister of Human Development Eden Martinez, Minister of Foreign Affairs and Attorney General Wilfred Elrington, and U.W.I. Director Jane Bennett will act as members. The Chamber of Commerce and N.T.U.C.B. will also nominate a person each to sit on the committee.
http://www.channel5belize.com/archive_detail_story.php?story_id=21589


Live and let live
Joined: Nov 2002
Posts: 2,537
Short Offline OP
OP Offline
While the GOB lawyers tried to withdraw the charges in the harassment-lawsuits against Belize Bank and First Caribbean Bank, their attorneys did not agree. It is not surprising that after all the publicity and allegations against them, they wanted to see evidence and hear witnesses or to have the case dismissed. When the GOB lawyers didn't comply, the Magistrate decided to dismiss all charges by lack of evidence:

Originally Posted by Channel5
Charges against Banks dismissed for lack of evidence

[Linked Image] It's a formality to an announcement made at the last meeting of the House of Representatives, and today in Magistrates' Court the one hundred and thirteen charges of Failure to Report a Suspicious Transaction brought by the Financial Intelligence Unit against FirstCaribbean International Bank, were dismissed. But when the matter came up this morning, it was not without its share of drama. Attorney Marilyn Williams on behalf of the F.I.U. requested that charges be withdrawn, but Attorney for FirstCaribbean Derek Courtenay, did not agree. Courtenay submitted that a request was made for disclosure and the Chief Magistrate Margaret McKenzie had ordered that disclosure be provided by today, but neither he nor his client, have received the information. Courtenay also submitted that the matter has received a great deal of publicity and various allegations have been made against the bank and as far as he is aware, no deal had been worked out between FirstCaribbean and the F.I.U. Courtenay pointed out that the bank operates locally and internationally and that its business depended on its integrity and reputation. He felt that because the bank's reputation had already been damaged, in fairness to the bank, the charges should be dismissed instead of withdrawn. Courtenay called upon the prosecution to call its witnesses so that the Bank can defend its reputation and prove that it is not guilty. Magistrate Dorothy Flowers dismissed the charges. FirstCaribbean was also represented by Attorney Ellis Arnold. Seventy-nine charges for failure to disclose suspicious transactions brought against the Belize Bank were similarly dismissed yesterday for lack of evidence.

http://www.channel5belize.com/archive_detail_story.php?story_id=21719


Live and let live
Joined: Nov 2002
Posts: 2,537
Short Offline OP
OP Offline
And now the Belize Banks is trying to get their money back from the GOB through court:

Originally Posted by 7 News Belize
Belize Bank Back in Court Arguing for Its $10 million
posted September 25, 2008

Government has the US$10 million Venezuelan money safe in hand, but the battle for its ownership continues, and like any good - or bad - love affair it ain't over, till it's over. And so the Belize Bank was back in court today arguing that it should get back the money or more, specifically, that the Central Bank had no right to direct the bank to return it to government.

The hearing was held this morning at the Supreme Court before the Central Bank and Financial Institutions Appeals Board in Justice Awich's courtroom. The bank's attorney Andrew Marshalleck argued that the Central Bank could not issue a directive telling the bank to return the money. And that's because no determination had been made establishing that government was entitled to the money. A substantial point, but his was just a preliminary matter and the case will not be heard by the board until December. At that time it may or may not be open to the public and the press.

http://www.7newsbelize.com/sstory.php?nid=12254


Live and let live

Link Copied to Clipboard
March
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
Who's Online Now
0 members (), 130 guests, and 0 robots.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums44
Topics79,198
Posts500,015
Members20,458
Most Online7,413
Nov 7th, 2021



AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.5