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2010/2011 Budget Debate Contribution - State Minister Zhivargo Laing
The Ministry of Finance is being allocated $26.4 Million in the upcoming budget on the recurrent side; this represents a net decrease of some $528,352 compared to last year. The most significant adjustments in the ministry?s budget are as follow:
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Bahamas bank sued in relation to Madoff fraud
Bahamas bank sued in relation to Madoff fraud
A Bahamas-based bank and trust company has been sued over losses sustained from alleged investments in Bahamian-domiciled investment funds, which invested the bulk of their assets with $50 billion fraudster Bernard Madoff.