ARTICLE · 22 JULY 2009

Who Regulates Caribbean Regulators?

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Despite the protestations from Dr. Errol Cort, personal attorney for R. Allen Stanford on Antigua, former Attorney General and former Finance Minister of Antigua and Barbuda, former World Bank signatory, current unseated representative and present Minister of National Security, the latest Financial Regulator in Antigua has been summarily sacked.

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Ian Moncrief-Scott

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Despite the protestations from Dr. Errol Cort, personal attorney for R. Allen Stanford on Antigua, former Attorney General and former Finance Minister of Antigua and Barbuda, former World Bank signatory, current unseated representative and present Minister of National Security, the latest Financial Regulator in Antigua, Leroy King, has been summarily sacked.

However, it took an indictment handed down against Leroy King in the US and extradition requests by the US for him to stand trial, for the sacking to take place.

Even with pleas to the contrary, the indictment could not have been a total surprise for the Government of Antigua. In fact, at the time the Stanford scandal broke into the international media arena, the Government of Antigua sent King off to enjoy months of accumulated paid vacation time.

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