Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Shaw vows Finsac enquiry will be completed
Mayor of Kingston Desmond McKenzie (left) greets Finance Minister Audley Shaw, who was the guest speaker at yesterday’s Jamaica Labour Party Area Council meeting at Papine in St Andrew. (Photo: Karl McLarty)
Business, Finsac Enquiry, News
February 21, 2010

Shaw vows Finsac enquiry will be completed

FINANCE Minister Audley Shaw vowed yesterday that the Commission of Enquiry into the 1990s financial sector meltdown will be completed despite the setback by a court injunction.

Speaking at the Area Council One meeting of the Jamaica Labour Party in Papine, St Andrew, Shaw said while he was mindful of the injunction stopping the enquiry which was granted by the Supreme Court on February 12, once the matter was out of the courts it would be revived.

The court suspended any further sittings of the commission until the Judicial Review Court heard and determined claims made against chairman of the commission, retired Court of Appeal Judge Boyd Carey.

Several claimants, including the former finance minister, Dr Omar Davies, had filed a motion alleging that Justice Carey had also had debt with the Financial Sector Adjustment Company (Finsac) and as such could not preside over such hearings.

But, according to Shaw, it was nothing more than a witchhunt to stop the enquiry.

“Omar Davies and his clique don’t want the Commission of Enquiry to take place because there are lots of questions that have to be answered. The People’s National Party don’t want the story to be told. The matter is in court and I don’t want to say anymore until the time comes.

“…This Government is going to ensure that whether it is today, tomorrow or next year there will be a completion of the enquiry into the financial sector collapse. We are going to ensure we know the truth, the whole truth and nothing but the truth,” Shaw told cheering green-clad party supporters.

Shaw, meanwhile, said he would be suing persons who have publicly accused him of having debts written off by Finsac.

“I have lawsuits against half of them already because I had no personal loans with Finsac. I had companies that got bitten like so many other people. I don’t do anything illegal; I just got bitten by Omar Davies like everybody else. Finsac must apologise to me too. I never asked for no write-off,” said Shaw.

He added: “Yuh coulda run high, yuh coulda run low.… there will be a successful completion of the enquiry into Finsac,” Shaw said.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

St Kitts PM Drew confirms stroke, says recovery going well
Latest News, Regional
St Kitts PM Drew confirms stroke, says recovery going well
September 14, 2026
FLORIDA, United States (CMC)—St Kitts and Nevis Prime Minister Dr Terrance Drew on Sunday confirmed that he had suffered a stroke late last month, but...
{"jamaica-observer":"Jamaica Observer"}
Panama Canal to cut maritime traffic again due to El Nino
International News, Latest News
Panama Canal to cut maritime traffic again due to El Nino
September 14, 2026
PANAMA CITY, Panama (AFP)—The Panama Canal is planning further reductions to maritime traffic through the waterway after already slashing numbers due ...
{"jamaica-observer":"Jamaica Observer"}
Emmy Awards begin as ‘Widow’s Bay’ and ‘The Pitt’ vie for top prizes
International News, Latest News
Emmy Awards begin as ‘Widow’s Bay’ and ‘The Pitt’ vie for top prizes
September 14, 2026
LOS ANGELES, United States (AFP)—The Emmy Awards kicked off Monday in Los Angeles to celebrate television's brightest stars, with horror-comedy series...
{"jamaica-observer":"Jamaica Observer"}
YATJA records 80 per cent CXC maths pass rate over 4 years
Latest News, News
YATJA records 80 per cent CXC maths pass rate over 4 years
September 14, 2026
KINGSTON, Jamaica—For many Jamaican students, mathematics can feel like an unsolvable equation. Your Actuary Tutor JA (YATJA) believes it has found pa...
{"jamaica-observer":"Jamaica Observer"}
US Supreme Court denies Trump bid to restrict mail-in ballots
International News, Latest News
US Supreme Court denies Trump bid to restrict mail-in ballots
September 14, 2026
WASHINGTON, United States (AFP)—The United States (US) Supreme Court dealt a major blow Monday to President Donald Trump's attempts to restrict mail-i...
{"jamaica-observer":"Jamaica Observer"}
CB Chicken invests in young futures at Tivoli Gardens back-to-school treat
Latest News, News
CB Chicken invests in young futures at Tivoli Gardens back-to-school treat
September 14, 2026
KINGSTON, Jamaica — For 14-year-old Shani Williams, receiving an $80,000 scholarship from CB Chicken brought relief and a big smile. The Holy Childhoo...
{"jamaica-observer":"Jamaica Observer"}
Leeds thrash Newcastle to go third in the Premier League
International News, Latest News
Leeds thrash Newcastle to go third in the Premier League
September 14, 2026
LEEDS, United Kingdom (AFP)—Leeds demolished Newcastle 4-1 to climb up to third in the Premier League table on Monday and inflict a punishing first de...
{"jamaica-observer":"Jamaica Observer"}
Grange mourns passing of veteran journalist Balford Henry
Latest News, News
Grange mourns passing of veteran journalist Balford Henry
September 14, 2026
KINGSTON, Jamaica — Minister of Culture, Gender, Entertainment and Sport Olivia Grange says she is saddened by the passing of veteran Jamaican journal...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct