FIBG trial averted as final defendant pleads guilty

By David Marchant

18 years ago

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First International Bank of Grenada Laurent Barnabe

The final defendant in the criminal prosecution of five former officers and directors of the First International Bank of Grenada has pleaded guilty in the United States.
Laurent Barnabe, a 68-year-old Canadian national, pleaded guilty to two counts of money laundering at the U. S. District Court for the District of Oregon on March 27, 2006 – just seven days before the case was due to be tried. Barnabe’s plea agreement includes a recommendation to the court that he be sentenced to six years in prison. Sentencing has been set for June 11, 2007.

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