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Stabroek News

Heads continue to roll at JMB
published: Friday | May 27, 2005


HANSON

JUST DAYS after former chairman of Jamaica Mortgage Bank Peter Thomas resigned following alleged breaches at the institution, The Gleaner yesterday learnt that another member of the management team was ordered to leave the bank.

Managing Director, Everton Hanson left the bank yesterday following a directive from the board.

Permanent Secretary, Genefa Hibbert, at the Ministry of Water and Housing, who is interim chairman at the bank, told The Gleaner that the board met in the morning and after deliberations Mr. Hanson was asked to leave by yesterday afternoon.

A subsequent statement from the ministry indicated that members of the board agreed to terminate the services of the managing director with immediate effect after he refused a request to tender his immediate resignation.

The statement further noted that the daily operations of the bank would be undertaken by the permanent secretary.

In the meantime, Mrs. Hibbert said investigations into the alleged breaches are being conducted by the Financial Investigation Division of the Finance Ministry.

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