Finsac enquiry adjourned until Jan 20

THE enquiry into the 1990s financial sector collapse was Tuesday adjourned until next Tuesday after Finsac managing director Errol Campbell refused to take the stand and requested another month in order to prepare.

Campbell was scheduled to give testimony until today.

Lackston Robinson, attorney-at-law representing Campbell, told the enquiry that Finsac documents relevant to the enquiry were contained in some 10,000 carton boxes and sorting through them was time consuming.

The Finsac boss first faced the Commission in early December last year but refused to answer many of the questions posed, saying he had no information and would have to do research in order to respond adequately.

Tuesday morning as the sitting resumed after the Christmas break, Campbell's attorney asked for a 30-day extension in order to have his client properly prepared.

Finsac Commission chairman, retired Justice Boyd Carey would however have none of it, commenting that if Campbell's request was granted the enquiry could possibly "go on forever".

An adamant Robinson, nonetheless, told the commission that he could give no guarantees that the information required of Campbell would be forthcoming in less than a month.

He argued that it would be senseless coming back before the commission without adequate information.

After discussions between Robinson, Justice Carey and Campbell, who sat in the audience, it was agreed that the Finsac boss would take the stand on February 2 when he is expected to have completed his research.

In the meantime, the commission was unable to say who will face questions when the enquiry resumes next Tuesday.

Patrick Hylton, former Finsac managing director and current NCB boss, was listed to follow Campbell but attorney's representing Hylton also requested a reschedule of his testimony.

The inadvertent delays forced a frustrated Carey to comment that schedules set by the commission have to be constantly changed.

Patrick Foster

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