More Arrests in EuroBankAffair?
Cayman Net News has learnt from a reliablesource that there may be more indictable arrests in connectionwith the Governmentís closure of EuroBank in May of lastyear. So far, four persons in Cayman have been arrested on chargesof conspiracy to money launder. Warrants have been issued forthe arrest of at least four other persons residing in the UnitedStates.
A preliminary enquiry for the four personscharged in Cayman has been set for January, 2001. To date it isnot known, whether any of the Directors or shareholders of thebank have been charged.
Cayman Net News contacted the office ofthe Attorney General, Mr. David Ballyntyne, inquiring as to thevalidity of the as yet unconfirmed report that further arrestshave been made in connection with this matter. Mr. Ballyntyneresponded: "there is no information that cab be releasedat this time."