Errol Thomas

Following an application by creditor Alexander M. Fundora, who claims to have been swindled out of US$2.5 million by former offshore banker Allen Stanford, a Caribbean judge has removed Nigel Hamilton Smith and Peter Wastell as joint liquidators of Stanford

The following letter was sent by R. David Finzer, CEO, LIFE Offshore Group of Companies, to Anthony Boatswain, Minister of Finance, Grenada, on November 16, 2001 and copied to OffshoreAlert. Dear Minister, This is to inform you that the Governing

Letter to the Editor of OffshoreAlert from Noel Tait, Chairman of Windsor International Bank and Trust Ltd.

Regulators in Grenada are continuing to allow banks belonging to the First International Bank of Grenada group to operate on the island despite FIBG's massive insolvency, we can reveal. The National Commercial Bank of St. Vincent, which is government-owned, is also continuing to provide banking services despite having its UK assets frozen recently over the FIBG fiasco.

Grenada Prime Minister Keith Mitchell is being lined up as a potential defendant in a civil fraud lawsuit following the collapse of the First International Bank of Grenada. Depositors have vowed to take action against Mitchell after his government announced that it had granted a license to a new bank called First International Bank of Grenada 2000 Ltd.