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Injunction on former Olint boss’ assets expires
Tuesday, 29 December 2009
David Smith.There is no word on whether an application will be made to extend the injunction freezing the assets of former Olint boss David Smith, his wife Tracey-Ann and brother Gilbert Wayne Smith.
The 21 day injunction, which was issued by the Supreme Court on December 7, expired on Monday.
The order, which was obtained by Olint's liquidator Joseph Connolly, prevented the Smiths and Olint Corporation from dealing with their worldwide assets.
A website set up to provide updates from Olint's liquidator has not given any new information on the injunction.
Under mounting pressure in Jamaica, Mr. Smith moved Olint's operations to the Turks and Caicos Islands last year, where he and his wife were later arrested and slapped with several criminal charges including fraud.
The couple is to face the Turks and Caicos Islands courts in March
Tuesday, 29 December 2009
David Smith.There is no word on whether an application will be made to extend the injunction freezing the assets of former Olint boss David Smith, his wife Tracey-Ann and brother Gilbert Wayne Smith.
The 21 day injunction, which was issued by the Supreme Court on December 7, expired on Monday.
The order, which was obtained by Olint's liquidator Joseph Connolly, prevented the Smiths and Olint Corporation from dealing with their worldwide assets.
A website set up to provide updates from Olint's liquidator has not given any new information on the injunction.
Under mounting pressure in Jamaica, Mr. Smith moved Olint's operations to the Turks and Caicos Islands last year, where he and his wife were later arrested and slapped with several criminal charges including fraud.
The couple is to face the Turks and Caicos Islands courts in March
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