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FINSAC judicial review for June 25

Published:Tuesday | May 21, 2013 | 1:42 PM

The claim filed by a member of the Association of Finsac’d Entrepreneurs seeking judicial review for an interim report out of the FINSAC Commission of Enquiry is to be heard on June 25.



The claim was filed on March 28 by Attorney-at-Law, Kent Gammon, on behalf of Milton Baker, a businessman who lost more than $150 million after two of his properties were foreclosed during the financial meltdown of the 1990s.



Baker is the husband of Yola Gray-Baker, the President of the Association of Finsac’d Entrepreneurs.



Gammon has said that he wants the court to compel the Commissioners to produce an interim report.



In February the government allocated $4.6 million in the Supplementary Estimates of Expenditure to the Commission.



However, that amount was slated to cover rental costs.



Opposition Spokesman on Finance, Audley Shaw, has in recent weeks, been calling for the government to find $10-$15 million that is needed to complete and publish the report.



Up to June last year, the Government had spent some $65 million to finance the commission.



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