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Jan 21, 2016

Titans Awarded Millions in Damages or Unlawful Raid

The Government of Belize has been ordered to shell out a total of four and a half million U.S. dollars to Titan International Securities after losing a major case in court last Friday.  As we’ve reported, a massive raid on the offshore company’s Coney Drive office in September 2014 was ruled unconstitutional by Justice Courtney Abel.  After hearing submissions from the Attorney General’s Ministry and Senior Counsel Eamon Courtenay who represented Bahamians Kelvin Leach and Rohn Knowles, it was decided that the entire operation overseen by the Financial Intelligence Unit was unlawful.  The sweep which saw police and FIU officials confiscate dozens boxes of files, purportedly related to a multimillion dollar securities fraud in the United States, was illegal since the authorities took more than what was needed to prosecute the company on the charges.  Government, through the FIU and local authorities, executed a warrant on behalf of the United States.  Their failure to do their due diligence will cost taxpayers almost nine million dollars in damages.  The Supreme Court issued its written ruling today saying that damages for breach of Titan’s constitutional rights amount to four point four six million U.S. dollars since Titan’s operations seized on September ninth, 2014.

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2 Responses for “Titans Awarded Millions in Damages or Unlawful Raid”

  1. Belizean Pride says:

    Excuse me!!! I think the headline should be the “Belizean people will be charged to pay the $9 million dollars Bze for the unlawful raid at the Titans I. Sec.” meaning from now on I will be paying for it, better say all of us are going to pay for this gov. foolishness. Does the gov have any legal adviser as to advise them before they do stupid things like this? $9 miilion could have been use to pave more main highways that are full of potholes. Mein where are we going with things like these. Better is yet to come!!!! Really??????

  2. Hatari says:

    Once again, the PD & now the FIU has failed us! Their ineptness knows no bounds. What a waste of time they are. And now we will pay for their mistakes, again.

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