ST. GEORGE'S, May 16, 2008 - Mr. Finton De Bourg, CEO of Capital Bank International Limited was formally charged with three counts of fraudulent breach of trust.
The charges were read to Mr. De Bourg at around 3.00 o’clock this afternoon at the St. Paul’s Police Station.
De Bourg is expected to make his first appearance before the St. George’s Magistrate’s Court on Monday, May 20th 2008, to answer the charges.
The Financial Intelligence Unit and the Royal Grenada Police Force carried out an operation at the residence of Finton De Bourg on Wednesday 14th May 2008.
This development came against the background of several complaints being made to the Financial Intelligence Unit by depositors of Capital Bank.
A search warrant was executed, which permitted the police to enter his residence to conduct a search and seizure of items relevant to the investigation.
The operation led to the detention of Mr. De Bourg.
The Financial Intelligence Unit is continuing its investigations.
From: The Royal Grenada Police Force (RGPF)
St. George's
CEO OF CAPITAL BANK FORMALLY CHARGED BY POLICE
the pm is telling his supporters with iq of .001 that he will apply to the court to pay back some depositors.this will work out to approx. $600000,may he meant $500000
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By: sheila jones 5/20/2008 8:42:25 AM
what on earth is going in grenada this man was proofed or was he by the government of grenada by a government whoes chief financial person is the prime minister and his advisers so how come they was not aware of the status and background of this man it is also reported that this other man in new york have now been indicted, who again was connected with the present governmentand is charged with fraud and money laundering again i and many grenadiand is asking please who bought these people to grenada and what security checks were made on them we need answers fast and quick,grenada is to small an island to be dealing with these type of people it is now time that this government explains to her people whats going on
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By: gabriel 5/19/2008 9:48:26 AM
What kind of investigations are carried out on foreign investors before they are allowed to do business in Grenada? Do your homework. Foreigners see we "small island" people as perfect targets to practise crime!
