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Oct 19, 2012

Court rejects application to stop S.S.B. investment in B.E.L.

Before news this evening, the Court of Appeal delivered a decision in respect to an application by Fortis, the previous owners of Belize Electricity Limited, to stop an investment totaling fifteen million dollars in shares. The court rejected an application for an injunction to stop the investment by the Social Security Board, which means that S.S.B. will now proceed with the proposed investment.

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1 Response for “Court rejects application to stop S.S.B. investment in B.E.L.”

  1. Storm says:

    It’s still a bad investment of public money into a business that is run so badly that it is failing again. The public MUST have a full audit of BEL before public money is invested there.

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