DID HAMILTON RESERVE BANK INTENTIONALLY AND DELIBERATELY MAKE A LARGE INVESTMENT, KNOWING THAT IT WOULD RESULT IN AN INABILITY TO PAY ITS DEPOSITORS ON DEMAND?

As we get further into all the pending litigation against HAMILTON RESERVE BANK of Nevis, which are cases filed by depositors, after the bank failed to remit to them any portion of the demand deposits they had at the bank, a new and extremely disturbing allegation has surfaced. One claimant has alleged that the bank's large SRI LANKA investment was willfully made by bank officers, knowing that it would result in the bank's inability to pay its existing depositors from their accounts.

If true, criminal liability could attach to the bank officers who made that decision; one has been named, but we are refraining from identifying him, due to a pending investigation, and public disclosure might spur him to relocate to an extradition-proof jurisdiction. As there are bank officers with dark pasts and dodgy history, most compliance officers can easily figure out the answer, which will eventually surface in the cases failed by unhappy depositors, who have now become victims of what is alleged to be fraudulent conduct.

As we delve deeper and deeper into the active and pending litigation against Hamilton Reserve Bank, more details will emerge; stay tuned.