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that charges brought against the Belize Bank and the First Caribbean Bank by the Financial Intelligence Unit were being withdrawn.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=21588Barrow 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