Lisa and SSB’s $3.34 Million Print E-mail
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Wednesday, 16 April 2014 00:00

lisa shoman.jpg - 54.88 KbIt seems that madam Lisa Shoman has a penchant to read the Guardian Newspaper with an eye for detail. Well here is something for her to read, proof read and dispute.

In 1992, Harry Courtenay secured 3.34 million dollars from the Social Security Board to purchase shares in a hydroelectric company, BECOL. While the money was taken from SSB, the board claimed that they never received the shares which they had paid for. This started a long and drawn out legal battle over the $3.34 during which time Courtenay was taken to court and criminally charged for the money. In a trial by jury he managed a not guilty verdict in 1997 but SSB was not satisfied and opted to pursue a civil suit against Courtenay.

By July 31, 1998 a judgment was passed by Justice George Meerabux, against Courtenay in the civil suit after he failed to submit a defense. That ruling had it that Courtenay should pay back $3.34 million dollars along with 6.5% interest. Courtenay’s legal representation would resist the ruling however and entered arguments on his behalf which were denied by the court and it was ordered that he must pay the $3.34 million dollars to SSB. The legal wrangling continued thereafter with Courtenay’s legal representation asking the Supreme Court to put the judgment aside. That was denied however.

On August 20, 1998 Courtenay’s chattels were crowfooted. Interestingly this was but a week before the General Elections which saw the PUP back in office. After the elections everything went mum, even the crowfooting procedures simply stopped. During the new PUP administration, Justice Meerabux threw out his earlier decision to have the matter set aside and it was decided that the matter would go to court.

It was not until two years that the matter resurfaced when the attorney for Courtenay asked the court to throw out the case arguing that because Courtenay had already been found not guilty in a criminal court that the matter should end there. That was denied by Justice Troadio Gonzalez on May 2, 2000 and the case was to have proceeded.

Low and behold, one day after the ruling, Fred Lumor and Lisa Shoman (attorney for SSB at the time) appeared before Justice Meerabux where she dropped the case of SSB against Harry Courtenay, thus giving up 3.34 million dollars of the hard working Belizeans’ money.

Last Updated on Wednesday, 16 April 2014 15:59