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Jun 21, 2019

PM Warns Musa’s Assertion May Point FTC to Atlantic Bank Ltd.

Dean Barrow

While the Caribbean Shores Area Rep enjoys parliamentary privilege for utterances in the house, the prime minister took umbrage to the allegations that the Atlantic Bank may have had a hand in the purportedly dubious transaction.


Prime Minister Dean Barrow

“He is, in effect, suggesting that the separation between Atlantic International Bank Limited and Atlantic Bank domestic is not real.  You talk about an FTC anatomy; you are inviting that sort of thing.  You are, in fact, making allegations against Atlantic domestic which if your accusations cause any kind of inquiry into Atlantic Bank domestic can and would indeed put the safety and security of that bank at risk.  Now Atlantic International Bank was one thing, that’s gone, but Atlantic domestic is a systemic bank.  All I am asking you sir, try to score your political opportunities but have some kind of a thought to Atlantic domestic and the sanctity of the jurisdiction and our financial system.  You’re really playing with fire and of course Atlantic domestic can do nothing because he is covered by privilege in this House.  I really hope, Madame Speaker, that if he doesn’t stop, you will stop him from trying to suggest that there is anything fraudulent in terms of the separation between AIBL and Atlantic domestic.  That is way out man.”

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