THE OFFICE of the Trustee in Bankruptcy yesterday appealed for all persons to furnish it with information or documents which could assist in the verification of Cash Plus assets.
In a media advisory, the Trustee in Bankruptcy also said it was not accepting any new claims from Cash Plus depositors.
The Trustee in Bankruptcy said claims that have already been submitted by creditors were still being processed and authenticated, and that persons who have submitted claims would receive formal confirmation of receipt in due course.
"We continue to work diligently on this matter and will do everything in our power under the law to conclude the winding-up process. However, due to several legal and other unresolved issues relating to Cash Plus and its assets, it is not possible, at this time, to estimate a time frame within which a dividend payment will be made."
Former Cash Plus boss Carlos Hill this week sent documents to the Office of the Director of Public Prosecutions (DPP) indicating that he could find US$75 million (J$7.3 billion) in depositors' money which he intended to forward to the Office of the Trustee in Bankruptcy for disbursement to investors.
asked for time to pay
Earlier this week, Hugh Wildman, the former trustee in bankruptcy, had appeared in the Home Circuit Court and asked for an adjournment to give Hill time to pay the investors.
Hill's trial for fraudulently inducing investors to invest in Cash Plus was put off until Monday, March 11.
Wildman said in court that he was only representing Hill in the liquidation process.
Yesterday, the Trustee in Bankruptcy noted that the court-appointed liquidator of Cash Plus Limited and receiver of its subsidiaries and affiliates was the only person with the statutory mandate to identify, recover, gather in and liquidate the assets of Cash Plus Limited and its related entities for the benefit of its creditors.
A total of J$10 billion is owed to some 40,000 Cash Plus depositors.
Only those investors who are registered with the Office of the Trustee in Bankruptcy will be paid their principal.