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What the Central Bank Governor really said

Dec 15, 2012 News

 

 

Kaieteur News article titled, “Globe trust depositors unlikely to receive another payout” inadvertently stated that Bank of Guyana’s Governor, Lawrence Williams, said that the Accountant General will have to prepare a report on the financial transactions surrounding Globe Trust’s liquidation.  The Governor in fact stated that at the end of the payout period, the Bank will transfer any uncollected/unclaimed funds to the Accountant General.  Persons claiming any of the transferred funds would have to apply to the Accountant General for payment.  The Bank/Liquidator is required to file a report with the Court on the liquidation operation and accounts.
We apologise for misrepresenting the Governor and the Bank.

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