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 2022
      • Olympics
      • #
    • 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
      • #
    • Obituaries
    • 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 2022
      • Olympics
      • #
    • 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
      • #
    • Obituaries
    • 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
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • 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"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Manchester seeing a ripple effect in gun violence, police say
Latest News, News
Manchester seeing a ripple effect in gun violence, police say
March 16, 2026
MANCHESTER, Jamaica — Police say communities just south of Mandeville remain tense due to a ripple effect of gun violence stemming from the murder of ...
{"jamaica-observer":"Jamaica Observer"}
Taylor’s hat-trick secures Arnett Gardens’ win over Racing United
Football, Latest News, Sports
Taylor’s hat-trick secures Arnett Gardens’ win over Racing United
March 16, 2026
KINGSTON, Jamaica — Teenager Giovanni Taylor scored a hat-trick to lead Arnett Gardens to a 4-0 win over Racing United in their Jamaica Premier League...
{"jamaica-observer":"Jamaica Observer"}
Two charged in fatal stabbing of St Thomas farmer
Latest News, News
Two charged in fatal stabbing of St Thomas farmer
March 16, 2026
ST THOMAS, Jamaica — Two men have been charged with murder following the stabbing death of a farmer during an altercation at a bar in St Thomas on Feb...
{"jamaica-observer":"Jamaica Observer"}
Mount Pleasant to field full squad in Concacaf clash with Galaxy
Latest News, Sports
Mount Pleasant to field full squad in Concacaf clash with Galaxy
March 16, 2026
KINGSTON, Jamaica — Following a challenging first leg in Los Angeles (LA) where 10 key players were sidelined due to unprecedented visa denials, Mount...
{"jamaica-observer":"Jamaica Observer"}
Sandals donates buses to boost Jamaica Fire Brigade’s capacity
Latest News, News
Sandals donates buses to boost Jamaica Fire Brigade’s capacity
March 16, 2026
ST MARY, Jamaica — The capacity of the Jamaica Fire Brigade (JFB) to carry out its duties has been strengthened through the donation of two Foton buse...
{"jamaica-observer":"Jamaica Observer"}
‘Whisper’, Nicholson and Dixon among Boyz set to be snubbed for World Cup playoffs
Latest News, Sports
‘Whisper’, Nicholson and Dixon among Boyz set to be snubbed for World Cup playoffs
March 16, 2026
The Jamaica Observer understands that Shamar Nicholson, Dujuan “Whisper” Richards and Kaheim Dixon are among the high profile names who are set to be ...
{"jamaica-observer":"Jamaica Observer"}
Lake Group donates 100 cots to Trelawny Municipal Corporation
Latest News, News
Lake Group donates 100 cots to Trelawny Municipal Corporation
March 16, 2026
TRELAWNY, Jamaica — The Trelawny Municipal Corporation on Monday received a donation of 100 cots from the Lake Group of Companies to assist residents ...
{"jamaica-observer":"Jamaica Observer"}
48-hour curfew imposed in March Pen, Spanish Town
Latest News, News
48-hour curfew imposed in March Pen, Spanish Town
March 16, 2026
KINGSTON, Jamaica — A 48-hour curfew has been imposed in the March Pen community in Spanish Town, St Catherine. The curfew commenced at 6:00 pm on Mon...
{"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