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FINSAC'd association wants report in four weeks, seeks Governor General's help

Published:Tuesday | August 20, 2013 | 9:52 AM

The Association of FINSAC'd Entrepreneurs has again written to Governor General Sir Patrick Allen imploring him to instruct the Commissioners who presided over the FINSAC Enquiry to put out a report.



The association says the Commissioners should be given four weeks to produce the report.



The FINSAC'd association’s renewed effort to get the Governor General to act comes after the Supreme Court ruled that Commissioners are answerable to him and that Sir Patrick is empowered under the Commissions of Enquiry Act to direct them to produce a report.



The court made the ruling as it dismissed an application from the association which was seeking leave to the Judicial Review Court to get an order to compel the FINSAC Commissioners to produce a report.



The association pointed out in its letter, which was copied to the Prime Minister and the Leader of the Opposition, that more than 40 testimonies were heard at the enquiry and some $65 million spent on the proceedings.



It stresses that the report is of critical importance to the nation as it seeks to ascertain what caused the financial meltdown so that those missteps are avoided. 



The FINSAC'd association says the report will also help to identify those persons who breached the law and have them held accountable.



The Commission ended its sitting in December 2011, however, no report has been furnished by the Commissioners Charles Ross and Warrick Bogle.



The Commission was set up to probe the financial crash of the 1990’s.



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