First International Bank of Grenada founder Van Brink stripped $4.5 million of assets out of the bank not long before it went bust, according to its liquidator.In his third report to creditors dated June 1, 2002, Marcus A. Wide, of PricewaterhouseCoopers, reported that details of the asset transfers were contained “unsigned minutes from FIBG’s June 2000 Board of Directors meeting”.
FIBG stripped of assets just before collapse, says liquidator
22 years ago
Topics
Banks & Trusts Fraud Grenada Investment St. Vincent & the GrenadinesKeywords
African Union Reserve System Alain Bain Anglo Irish Bank Capital Bank International Cynthia Hastey