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News
 
Parliament recalled for Stanford plan

Tuesday, February 24, 2009

Parliament would be reconvened to deal with fallout from allegations of fraud against Sir Allen Stanford, the country's largest private employer, stated Antigua's Prime Minister Baldwin Spencer.
On Sunday night the Prime Minister told reporters that he was concerned about the potential loss of hundreds of jobs and that the governments plans requires action by parliament
Parliament was dissolved of ahead of general elections scheduled for March 12. However the law allows the prime minister to call a special session to address matters of urgent national interest
The US Securities and Exchange Commission filed a civil lawsuit last week accusing Sir Allen of a "massive" fraud through Antigua-based Stanford International Bank Ltd.
Last week FBI agents served Sir Allen with legal papers and ordered him to surrender his passport however he has not been charged with any crime.

 
 
 
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