A petition to wind-up the First International Bank of Grenada was filed by the Grenada government on January 12, with PricewaterhouseCoopers appointed as liquidator. In the petition, the government announced that US$206 million of clients' principal went into FIBG and that an additional US$266 million of interest is owed to creditors.
Articles Banks & Trusts Featured First International Bank of Grenada Fraud Grenada Investment UgandaJanuary 31, 2001
FIBG put into liquidation, founder weds Ugandan woman half his age
22 years ago