Former banker jailed for 23 years

A High Court judge in Grenada has sentenced a former banker to 23 years in jail after he was found guilty of engaging in fraudulent activities.

Finton DeBourg, the founder of Capital Bank International, was also told Tuesday he would have to serve a further three years imprisonment if he fails to pay more than EC$16 million within five years after he is released.

The High Court has also barred the former banker from engaging in any financial business operations after serving his jail term.

Debourg, 66, was charged with two counts of fraudulent appropriation of property; one count of falsification of account; and two counts of falsification of minutes.

14 Responses to Former banker jailed for 23 years

  1. Khati D
    Khati D'Souza December 22, 2016 at 3:05 pm

    Think this will happen bout hay or money does talk? (Rhetorical)

  2. Ryan Gaskin
    Ryan Gaskin December 22, 2016 at 3:21 pm

    Not here in Barbados all of them would be waiting with them hands out for a cut

  3. Tony Webster December 22, 2016 at 3:33 pm

    Not surprising: I was introduced to this guy once, and thereafter kept a safe distance. My adoptive son in Grenada was a victim of this Bank’s failure. Such a big dent in public confidence just makes it more difficult for any home-grown banking / financial nstitutions to get off the ground in future.

    If only folks would not get so easily caught by ” high” , or “good” rates for savings and other deposits!! I know a retired Barclays manager who lost his entire life’s savings, after placing it all in Stanford’s bank, because the rates offered…were “really good”

    I have nothing to say about “good” rates available here on Savings Bonds, except to ask who is going to pay back, both the principal, and that “good” rate of 5%? God? Tax-payers?
    I dunno…and pass.

  4. Khati D
    Khati D'Souza December 22, 2016 at 3:33 pm

    I am smiling coz its the holidays but something brewing and the exposure will tell all…..

  5. jrsmith December 22, 2016 at 4:10 pm

    At least we have got one in the bag we should have built a special prison for the buggers in the (UK),8 years ago none of the crooked bankers or the untrustworthy financiers, had the sense to tell the world how they crooked ,greedy behaviour brought the financial collapse..still today we are being paid back …

    If this guy was in barbados , no way would he have made it before the courts, the matter would have been swept under the carpet and that would have been the end of it..the protection squad would have been out in force….dont forget them and us is where we are at…..

  6. Hazel Harrison
    Hazel Harrison December 22, 2016 at 4:15 pm

    would never happen here…only poor blacks end up in prison

  7. Elvin Brome
    Elvin Brome December 22, 2016 at 4:44 pm

    Need to jail some in Barbados too

  8. Johnathan December 22, 2016 at 4:56 pm

    @jrsmith espesially if he was putting money in the DEMS election campaign and buying property with a PM. They would probably adjourn the case sine die and even whn the court freeze the money they would still get permission to spend it..

  9. Sebastian Da Costa
    Sebastian Da Costa December 22, 2016 at 7:44 pm

    Clico man next

  10. North Point December 22, 2016 at 8:04 pm

    de SOB should get more, any time you keep robbing the poor, the hands of GOD takes over. they take the people money and live very large, they should take every cent from him. SOB.
    BIM next, or am I dreaming.

  11. Mike December 22, 2016 at 8:39 pm

    You guys and gals are saying that it would never happen in Barbados, but WHY is the question . Why bankers, lawyers, accountants and doctors do not go to jail in Barbados ?
    Has anyone got an answer ??? jrsmith, Tony Webster ???


  12. Javier Maynard
    Javier Maynard December 22, 2016 at 8:45 pm

    Leroy how are you doing man? Dem things still frozen?

  13. Greengiant December 22, 2016 at 9:12 pm

    Not only the DEMS. Both party’s political representatives have been accused or are suspected of corrupt activities whilst in office. Some of us only have current hearing abilities, no recollection of even the recent past and certainly lack future vision.

    I do hope that you like so many is not infected by the disease I call political partisan pigmentation of the retina. This ailment has caused our elders to suffer socially and financially during the years of plenty and will wipe out the little we have acquired unless we are healed. So please make an urgent appointment with the physician @ Johnathan

  14. jrsmith December 24, 2016 at 2:40 pm

    @, All you nice people out there , you all take care what ever you all are doing , please dont forget dont drink and drive ,enjoy the festive season keep all your families safe…Wishing you all a ( Happy, Happy XMAS and a very prosperous new year………..

    @, Mike , hail ,hail where do we start, you will have to leave this till next year man, Cant think at the moment sipping some E J and Port, you and your family be good and be careful…………


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