Harajchi bank clients still eye 19.217m 'loss'

Sun, Mar 18th 2012, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

MORE than 11 years after Mohammed Harajchi's Suisse Security Bank & Trust was put under court supervision, its depositors and creditors have yet to recover a single cent, and are still staring at a collective $19.217 million "potential loss".

The main reason they continue to face such a sizeable 'black hole' is because the liquidator has still been unable to recover the $17.717 million that the Harajchis and the bank's management team spirited out of the Bahamas in the days immediately following the Central Bank of the Bahamas' decision to suspend, then revoke, Suisse Security's licence.

Raymond Winder, managing p ...

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