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Welcome to Antigua and Barbuda Net News

Antigua-Barbuda election roundup: Attack and counter attack

NewsST JOHN’S, Antigua: As elections draw nearer in Antigua and Barbuda, there is increasing attack and counter attack between the rival parties, the governing United Progressive Party (UPP) and the opposition Antigua Labour Party (ALP). UPP Member of Parliament Harold Lovell accused the ALP of "scampishness".

Alleged Stanford shredders lose bid to dismiss case

LegalMIAMI, USA (Bloomberg) -- Two former Stanford Financial Group Co. employees lost a mid-trial bid to dismiss charges that they illegally shredded records wanted by the US Securities and Exchange Commission for a probe of financier Allen Stanford. US District Judge Richard W. Goldberg in Miami...

OAS to provide technical assistance to Antigua-Barbuda for public sector transformation programme

NewsWASHINGTON, USA --.In response to a request made by Deborah-Mae Lovell, Antigua and Barbuda’s Permanent Representative to the OAS and Ambassador to the United States of America, the OAS will provide technical assistance to Antigua and Barbuda’s Public Sector Transformation programe.

Stanford liquidators, receiver in talks

NewsHOUSTON, USA (Reuters) -- A dispute over control of $370 million in assets traced to accused Ponzi schemer Allen Stanford is holding up disbursement of the funds, but the liquidators and the receiver in the case are in talks to settle the matter, liquidators for Stanford's Antigua bank said on Friday.

Stanford workers illegally shredded corporate files, jury told

LegalMIAMI, USA (Bloomberg) -- Two former Stanford Financial Group employees oversaw destruction of stacks of corporate records in defiance of a court order to preserve them after the US Securities and Exchange Commission sued company founder Allen Stanford, a federal prosecutor told a Miami jury.

Stanford's daughter must give up Houston condo

LegalHOUSTON, USA (Reuters) -- The daughter of indicted Texas financier Allen Stanford must move out of a $1.3 million luxury apartment in Houston by March 31, according to an agreement reached with a court-appointed receiver on Thursday. Randi Stanford had fought attempts to force her to leave the condominium.

Judge okays sales of Stanford property

LegalLOS ANGELES, USA (Reuters) -- A US judge approved the sale of real estate owned by corporations controlled by alleged swindler Allen Stanford. Receiver Ralph Janvey, who is charged with recovering assets for Stanford investors, had asked the court to allow CB Richard Ellis to publicly auction the dozens of properties.

Lloyd's must pay for Stanford's defence, judge says

LegalHOUSTON, USA (Bloomberg) -- Allen Stanford can use his companies’ Lloyd’s of London directors and officers insurance policies to pay lawyers to defend him against charges he defrauded investors of more than $7 billion, a US judge ruled. Stanford had sued to force Lloyd’s to pay his defence costs.

Stanford receiver's team may get $8.8 million in fees

LegalHOUSTON, USA (Bloomberg) -- Ralph Janvey, the court-appointed receiver for Allen Stanford’s businesses, and the firms he hired will be paid almost $8.8 million if the judge in a civil fraud case against the indicted financier approves Janvey’s agreement with federal regulators and an investor advocate.

Bank loses bid to end Stanford investments lawsuit

LegalTORONTO, Canada (Bloomberg) -- Toronto-Dominion Bank, Canada’s second-biggest bank by assets, must face a lawsuit accusing it of negligence for accepting deposits for the Antigua-based bank run by alleged Ponzi scheme operator Allen Stanford. Toronto-Dominion maintained 12 accounts for Stanford International.

Letter: Father of the Nation, VC Bird Sr - villian or hero?

LettersI get a sense from the many cultural discussions around VC Bird Sr, that there is a tangle of verbal tensions, heroic moral explanations, claims of neutrality, ideals of objectivity, and diverse images and stories used to define Papa—all this is taking place as we celebrate his centennial birthday.
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