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Antigua-Barbuda opposition calls for statement on Stanford litigation Caribbean News Now

Antigua-Barbuda opposition calls for statement on Stanford litigation
Caribbean News Now

by Global News Staff

Antigua — The Antigua Labour Party (ALP) said it has learned through the international and local media that Dr Errol Cort, Minister of National Security,

Dr Errol Cort

has been sued by a group of Stanford investors for more than US$1 million.

The lawsuit claims restitution of a monthly retainer of approximately US$30,000, reportedly paid to his law firm Cort & Cort between 2006 and 2009 while he (Cort) was finance minister.

In a press statement, the ALP said it is of the view that Prime Minister Baldwin Spencer is duty-bound to issue a statement on the matter.

“The people of Antigua and Barbuda deserve to know just where Mr Spencer stands on this significant development that rubs dirt in the face of our island-country,” the ALP said.

The ALP statement added that Cort needs to explain to the Antigua and Barbuda people his relationship with Allen Stanford and provide justification for “this whopping and extraordinary EC$80,000 monthly retainer to his law firm.”

“He must explain to the nation the totality of his relationship with R. Allen Stanford and the circumstances that would have given rise to this lawsuit,” the ALP said.

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Antigua-Barbuda opposition calls for statement on Stanford litigation
Caribbean News Now

by Global News Staff

Antigua — The Antigua Labour Party (ALP) said it has learned through the international and local media that Dr Errol Cort, Minister of National Security,

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Dr Errol Cort

has been sued by a group of Stanford investors for more than US$1 million.

The lawsuit claims restitution of a monthly retainer of approximately US$30,000, reportedly paid to his law firm Cort & Cort between 2006 and 2009 while he (Cort) was finance minister.

In a press statement, the ALP said it is of the view that Prime Minister Baldwin Spencer is duty-bound to issue a statement on the matter.

“The people of Antigua and Barbuda deserve to know just where Mr Spencer stands on this significant development that rubs dirt in the face of our island-country,” the ALP said.

The ALP statement added that Cort needs to explain to the Antigua and Barbuda people his relationship with Allen Stanford and provide justification for “this whopping and extraordinary EC$80,000 monthly retainer to his law firm.”

“He must explain to the nation the totality of his relationship with R. Allen Stanford and the circumstances that would have given rise to this lawsuit,” the ALP said.