Court to make ruling on Finsac application Friday
JUSTICE Ingrid Mangatal is to rule Friday on an application for a Judicial Review hearing that could halt the current enquiry into the financial sector meltdown of the 1990s.
Justice Mangatal yesterday reserved her ruling following a two-day hearing from lawyers of the applicants opposing Justice Boyd Carey as chairman of the commission looking into the financial meltdown and the role thereafter of the Financial Sector Adjustment Company (Finsac).
There was no opposition to the application as Lackston Robinson, the deputy solicitor general in the Attorney General’s Chambers, withdrew himself from the case last week Friday.
Robinson had announced in chambers last week that he was representing Boyd and commission members Charles Ross and Worrick Bogle.
No affidavits were filed in response to the application, despite a directive by Mangatal for this to be done.
Those seeking the ouster of the three are former Finance Minister Omar Davies, his former financial secretary Shirley Tyndall, banking executive Patrick Hylton and the Jamaica Redevelopment Foundation Inc.
The application was filed following allegations that Carey had a debt with the collapsed Century National Bank (CNB) — one of the entities at the centre of the enquiry. Carey, however, has denied the allegations.