Eastern Caribbean Central Bank sued over 'brazen act of thievery'
The Eastern Caribbean Central Bank (ECCB) is being sued over an alleged "fraudulent transfer of assets" from the now-defunct Bank of Antigua, with the claimed "purpose and effect of defrauding investors".
The ECCB took control of the Bank of Antigua in February 2009, following allegations of fraud against then-owner Allen Stanford. The Official Stanford Investors Committee filed a lawsuit at the US Federal Court in Dallas on February 15, seeking restitution for what it considers the "intentional
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