The Barbados-based Caribbean Improvement Financial institution (CDB) on Tuesday remained mum on the resignation of its president, Dr Hyginus ‘Gene’ Leon, who has additionally threatened to file a lawsuit in opposition to the area’s premier monetary establishment.
In a one line reply to the Caribbean Media Company (CMC) for a response to Leon’s “quick resignation”, the CDB merely said: “The Financial institution has no remark right now”.
In keeping with a three-page letter despatched to the CDB by the St Lucia-based legislation agency Fosters, Leon is of the opinion that “he won’t ever be handled pretty” after he had been despatched on administrative depart in January.
“It’s also evident that the Financial institution has misplaced all belief and confidence in our consumer by the failure of the Board of Governors to forestall the continued violations of its Constitution, insurance policies, guidelines and rules with regard to its elected President. Our consumer has due to this fact made the extraordinarily troublesome resolution to resign his elected place of the President of the Financial institution with quick impact,” the legislation agency wrote.
The attorneys have given the regional monetary establishment till Could 4 “to barter an amicable separation” indicating additionally that their correspondence needs to be considered “as our consumer’s pre motion protocol letter” concerning all the state of affairs.
Within the three-page letter dated April 21, a replica of which has been obtained by CMC, the legislation agency mentioned it will be shifting to the courts in Barbados “or another jurisdiction extra applicable to implement our consumer’s authorized and constitutional rights”.
In January, it was disclosed that Leon had been despatched on administrative depart till April this yr, as “an ongoing administrative course of” continued on the area’s premier monetary establishment. Lawyer Peter Foster KC mentioned Leon was despatched on depart unceremoniously by a three-member committee, all people staying quiet after that, and he was handled “very unfairly”.
