The first hearing in the Senate Select Committee investigation of possible financial and procedural irregularities involving Social Security funds was held today at the National Assembly building in Belmopan. Chairing the meeting was Senator Godwin Hulse who was flanked by Senators Dickie Bradley, Moises Chan and Rene Gomez. In all, seven witnesses were sworn in […]
Next to take the hotseat was Governor of the Central Bank, Sydney Campbell, to walk the Senators through the securitization process as well as to explain the Bank’s role in handling monies and transfers between various institutions including the SSB and the Royal Merchant Bank of Trinidad and Tobago. Sydney Campbell, Governor, Central Bank “Through […]
Intimately involved in the securitization process with the Social Security Board was the Development Finance Corporation. Today, its Chief Executive Officer, Troy Gabb, appeared to answer questions from the panel about the loans that the institution had put forward to be bundled with various SSB loans for sale abroad. As was pointed out to him […]
But perhaps the most interesting fact disclosed by CEO Gabb was the revelation that during the securitisation process the mortgages were handled by a company registered in the Cayman Islands. Its owners? The same DFC directors, who Gabb named only after persistent prompting, being Glenn Godfrey, then Chairman of DFC, his deputy, David Courtenay and […]
Shakespeare’s adage about scorned women was amply demonstrated in the Ladyville suburb of Lord’s Bank last night as a jilted lover’s hellish fury has left her ex-boyfriend dead. News 5’s Patrick Jones reports from the scene of the crime. Patrick Jones, Reporting The domestic dispute erupted around ten thirty on Tuesday night inside this house […]
An armed robbery near Benque Viejo has resulted in a shootout with police. Around eight Tuesday night police responded to a report of a robbery in progress at the Casa Maya Resort near mile sixty-eight on the Western Highway. The proprietor reports that he was held up by two masked men, one holding a shotgun […]
Belizean George Herbert, who was kidnapped by Belizean police officers and turned over to the U.S. government, has been convicted on four counts of conspiracy to import cocaine. The verdict on the federal drug charges came Tuesday afternoon in a Manhattan courtroom. Just to make it official I will read verbatim from the U.S. prosecutor’s […]
