WEST Indies Petroleum Limited (WIPL) is to purchase the shares of two of its former directors, Courtney Wilkinson and John Levy.

This according to a recent order by consent issued by the St Lucia-based Eastern Caribbean Supreme Court in the High Court of Justice.

“The company, West Indies Petroleum Limited and/or the individual shareholders agree to purchase the shares of John Levy and Courtney Wilkinson,” stated the order by mutual consent which was approved by the court and signed by lawyers representing WIPL, Levy and Wilkinson.

The court also recommended that a valuation process be embarked upon to facilitate the sale to WIPL of the combined 40 per cent stake which both Wilkinson and Levy have in the company.

The parties were told that they may put written questions to the valuator regarding the valuation report within ten days of receiving the report for clarification.

Wilkinson and Levy both own 20 per cent each of the shares in WIPL. Both men were removed as directors of the company in February of 2021.

In February this year Wilkinson, 57, and Levy, 59, were arrested and charged with unauthorised access to computer programme or data, conspiracy to gain unauthorised access, conspiracy to access with intent to commit or facilitate the commission of an offence, and conspiracy to unauthorised modification of computer programme or data following an interview with investigators.

In a separate case Levy was also charged with forgery, fraud as a director, conspiracy to defraud, simple larceny, and creating public mischief.

The cases involving the criminal charges against both men remain before the Kingston and St Andrew Parish Court in Jamaica.

WIPL is registered in St Lucia but is based in Jamaica and is known for its bunkering operations across the region.