Lawsuit Against Central Bank and G.O.B. by Choice Bank is Dismissed

A lawsuit filed against the Central Bank of Belize, Prime Minister and Minister of Finance Dean Barrow and Attorney General Michael Peyrefitte by Choice Bank Limited and Choice Group Holdings has been dismissed.  Viewers would recall that a claim was brought before the Supreme Court by the defunct offshore financial institution following its liquidation in 2018.  The claimants were seeking remedies relating to justifiable damages, as well as declarations that government and Central Bank breached their statutory duties and acted for ulterior or improper purposes.  In a release issued earlier today, the Central Bank reiterates, quote, that it acted and continues to act in the best interest of the customers and depositors of Choice Bank Limited, as well as the public’s interest, and in accordance with the International Banking Act.