Year-end target for 25 million wind-up close

Tue, Sep 21st 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The liquidator for a former Bahamas-based broker/dealer that collapsed due to a $25 million trading hole is aiming to "finalise all outstanding matters before the end of 2010", with some $9.134 million still to be returned to some 80 fiduciary clients.

Anthony Kikivarakis, the Deloitte & Touche (Bahamas) accountant and partner, said he had continued to act as the court-supervised liquidator for Caledonia Corporate Management despite being instructed by the Supreme Court's deputy registrar, Ernie Wallace, to stop working until a new judge was appointed to oversee the case and approve payment of fees owing to him.

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