Attorney General Responds to Choice Bank’s Lawsuit
302 views · Published 10 August 2018 · 0:57 · Indexed 23 October 2026
Channel: Greater Belize Media | GBM · 2018 · News & Politics
For the latest news across Belize, visit: http://edition.channel5belize.com/ The Government of Belize is headed to court, following a lawsuit that has since been filed by the now-shuttered Choice Bank Limited. In an application submitted to the Supreme Court on Friday, the defunct lending institution is seeking relief on the grounds that the Central Bank of Belize contravened its statutory duties under the International Banking Act when it recommended to Minister of Finance, Prime Minister Dean Barrow, that he revoke Choice Bank’s license. Additionally, the suit is also being brought on the basis that Choice Bank’s right to a fair hearing was breached and that Central Bank, as well as the Minister of Finance, acted for ulterior or improper purposes. This evening, we asked Attorney General Michael Peyrefitte to respond to those claims, including aggravated damages and damages to Choice Bank’s reputation, in light of the decision taken to shut down its operations and liquidate its assets.
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