Antigua St. John's - Minister of Legal Affairs Attorney General Justin Simon has said Antigua & Barbuda’s biggest concern in the ongoing Stanford Investment Bank liquidation process should be real estate that could be targeted by court-appointed receiver Ralph Janvey.
The AG tabled the notion in response to Caribarena’s queries about the possibility of Janvey turning his attention to attorneys in Antigua & Barbuda associated with R Allen Stanford.
Janvey has initiated legal action against an attorney in Texas and two law firms he was affiliated, alleging that he aided in the US$7 billion Ponzi Scheme by obstructing initial federal investigations into Stanford’s operations several years ago.
“The Stanford Investment Bank Limited (SIBL) receivers are primarily concerned with tracing assets to pay off investors and are of the view that the Stanford Development Company properties were purchased from SIBL monies,” the attorney general said.
He added that control of these properties is his primary concern, with what appears to be a strategic approach currently in action.
“This thing is open and the action strategic,” the AG said, declining to be more specific about persons or attorneys of interest at this time. “We could not be more specific. I will not point a finger at anyone.”
On Sunday, a spokesperson for the Stanford Victims Group took the same stance, also declining to comment specifically on any particular personality that might be in the spotlight.
For a full and open debate on the Stanford Receivership visit:
http://sivg.org.ag/
The Stanford International Victims Group Forum
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