Thursday, April 25, 2024

Barbados wants share of assets

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HAVING PLAYED ITS part in helping convict two money launderers in the United States, the Government of Barbados is seeking a share of the financial pie.

Director of Public Prosecutions, Charles Leacock QC told the SUNDAY SUN his department would soon be making an official application to the US Government to recoup just under $500 000, part of which is contained in a local bank account which was frozen when the court case against Robert Bandfield and Gregg Mulholland started last year.

The DPP also believes Barbados’ participation in the investigation and the subsequent conviction will go a long way in making the island a leader in transparency in the Eastern Caribbean, as well as improve its standing as a clean international business jurisdiction.

“We will be asking for a substantial amount of the money which is in the account in Barbados,” the DPP said.  (BA)

 

Please read the full story in today’s Sunday Sun, or in the eNATION edition.

 

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