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FINSAC review set for May 25

Published:Wednesday | March 10, 2010 | 12:00 AM

Barbara Gayle, Staff Reporter

The judicial review into the eligibility of retired Court of Appeal judge Boyd Carey to sit on the panel probing the 1990s financial sector meltdown has been set for May 25.

The hearing is estimated to last four days. The date was set yesterday morning when the disputing parties appeared before Chief Justice Zaila McCalla in chambers.

Former finance minister, Dr Omar Davies; retired financial secretary, Shirley Tyndall; the Jamaican Redevelopment Foundation and Patrick Hylton, the former head of the Financial Sector Adjustment Company (FINSAC), filed the motion last month in the Supreme Court.

Injunction granted

The four were successful in stopping the commission of enquiry into the collapse of the financial sector in the 1990s after the motion was filed. Supreme Court judge Ingrid Mangatal granted them an injunction and also granted an application for them to apply for leave to go to the Judicial Review Court.

The claimants are contending that Carey had a debt with FINSAC and was a member of family business, Bev Carey and Associates, which had also had a debt with FINSAC.

The claimants, through their lawyers, had asked Carey to step down but he refused.

Carey said he had had no debt with FINSAC.

Prominent attorney-at-law, Dr Lloyd Barnett, is representing Carey, while attorney-at-law Paul Beswick, instructed by the director of state proceedings, is representing commission members Charles Ross and Worrick Bogle.