7 News Belize

Belize Bank Restates Claim to the US$10 million
posted (December 4, 2008)

And while they won’t be slapped with the slightly ludicrous sounding charge of handling stolen goods, the Belize Bank is at the center of the transaction that involved the alleged theft of US$10 million of public funds. And the Bank issued a release today clearly stating its position. The release says, “The Bank....was not a party to discussions between the Government of Belize...and the Government of Venezuela and had no knowledge as to what was agreed between those governments.”

It continues, “regardless of what happened between the governments...the Bank is entitled to the satisfaction of the longstanding debt owed to it. “ And the statement asserts that the Bank believes it has been, quote “wrongly forced to pay the 10 million U.S. dollars to government...the new government has sought to avoid the obligations of the old...put simply, the government has used the tools of state to obtain free money form the bank,” close quote.

It concludes by saying that the bank expects to recover all its money in due course.

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7 News Belize