On May 8, 2018 the Prime Minister and Minister of Finance wrote a letter to the Bank issuing certain directives pursuant to Section 27(1)(e) of the International Banking Act (“the Preventative Measures”) which require, among other matters, that the Bank provide to the CBB:
· proof of its...
By letter dated and delivered on Sunday, April 8, 2018, upon a resolution of its directors, the Bank voluntarily requested the Central Bank to appoint a Statutory Administrator and to seek relief from the Central Bank in the form an emergency infusion of funds with a view to enable an orderly...
This is a press release issued just now describing the process up to 27th of June
Press Release
For Immediate Release
Choice Bank Limited
(A licensee under the International Banking Act, Chapter 267, Laws of Belize)
June 27th, 2018
The Bank is a Belize international business company...
I am not Mr. Caporaso but I can give you some advice. File a lawsuit immediately. Publish as much as you can so this gets into newspapers locally and worldwide. This could prevent the government from stealing depositors money.
Grant tells a lot of BS. The bank was ready to restart with sound plans according to an insider. On Monday July 2 every client was entitled to a withdrawal of 25 K to start with.
However, the bank was raided by 20 armed guards on Friday. Staff was held at blank gunpoint and forced to sign...
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