He’s already being faced with charges for laundering $6.5 million in
the Magistrate’s Court, and now Dean Fuller has had another legal set-back
after he came out on the losing end of arbitration against Belize Telemedia
Limited.
In 2005 Fuller’s OMNI Networks set up the e-pin system, which was the
original top-up. The contract was between BTL subsidiary, BESL and Omni Networks,
but shortly after it started in July of 2005 both parties started having differences
about volume discount percentages. By the end of October of 2006, the parties
had had substantial disagreements leading BESL to issue a notice of termination
in April of 2008.
Fuller claims that BESL owed Omni 1.9 million dollars for unilaterally varying
the rate of discount on volume sales. BESL said it did no such thing. Both sides
agreed to have the matter arbitrated by Denys Barrow, with Godfrey Smith acting
for BESL and Darryl Bradley, acting for Dean Fuller’s Omni Networks. Barrow
issued his findings earlier this month, dismissing Fuller’s and Omni’s
claim for $1.9 million. Both sides must share the cost of the arbitrator.
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