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Campbell ends Trafigura battle with FirstCaribbean
Published: Friday | October 23, 2009
Gary Spaulding, Senior Gleaner Writer
Campbell
THE LEGAL battle between former general secretary of the People's National Party (PNP), Colin Campbell, and FirstCaribbean International Bank (FCIB) has ended out of court.
Efforts to determine the terms of the out-of-court settlement in the legal battle fuelled by the controversial Trafigura affair in 2006 have been unsuccessful, but legal sources say Campbell could have collected millions of dollars.
Despite several questions from The Gleaner, neither Campbell, who had filed a $30-million law suit against FCIB in 2006, nor his attorney, K.D. Knight, would comment on whether a settlement had been reached.
Last year, Campbell filed the suit against FCIB and its senior executive Sonia Christie, claiming the bank had breached confidentiality agreements by leaking account information
to the Jamaica Labour Party.
Christie, who was sent on leave in the aftermath of the scandal which rocked the party in 2006, is dead.
Empty promises
The Gleaner was told that there was no one in FCIB's legal department to answer questions of that nature and a promise to return calls never materialised.
In accordance with an order from the Supreme Court, the matter was placed through a dispute-resolution process.
Legal sources say the order by the Supreme Court for the matter to go to mediation is normal.
It is also understood that after the mediation process, Campbell filed a notice of discontinuance, which signified that as the claimant he did not wish to proceed with the matter through the court.
Sought declaration
Campbell, who resigned from the previous PNP government at the height of the controversy, sought a declaration from the Supreme Court that the defendants wrongfully, and "without any lawful obligation, duty or proper authority", disclosed confidential infor-mation relating to his account in the name of CCOC Association to unauthorised third parties.
The former information minister also sought a decla-ration that the defendants "wrongfully and without any lawful obligation, duty or proper authority and in bad faith and/or in abuse of their duty of trust and confidence as bankers obtained confidential information" regarding his relationship to an account held by First Global Bank in the name of SW Services (Team Jamaica).
He sought damages of $30 million, just under $1 million shy of the $31 million the PNP had to return to Dutch oil trader Trafigura Beheer BV because of mounting public pressure.
The scandal came to the fore in early October 2006 when then Opposition Leader Bruce Golding revealed that the PNP had received $31 million from Trafigura which, at the time, lifted and sold Nigerian crude for Jamaica. Golding also called for the resignation of the entire Government.
http://www.jamaica-gleaner.com/glean...ead/lead2.html#
Published: Friday | October 23, 2009
Gary Spaulding, Senior Gleaner Writer
Campbell
THE LEGAL battle between former general secretary of the People's National Party (PNP), Colin Campbell, and FirstCaribbean International Bank (FCIB) has ended out of court.
Efforts to determine the terms of the out-of-court settlement in the legal battle fuelled by the controversial Trafigura affair in 2006 have been unsuccessful, but legal sources say Campbell could have collected millions of dollars.
Despite several questions from The Gleaner, neither Campbell, who had filed a $30-million law suit against FCIB in 2006, nor his attorney, K.D. Knight, would comment on whether a settlement had been reached.
Last year, Campbell filed the suit against FCIB and its senior executive Sonia Christie, claiming the bank had breached confidentiality agreements by leaking account information
to the Jamaica Labour Party.
Christie, who was sent on leave in the aftermath of the scandal which rocked the party in 2006, is dead.
Empty promises
The Gleaner was told that there was no one in FCIB's legal department to answer questions of that nature and a promise to return calls never materialised.
In accordance with an order from the Supreme Court, the matter was placed through a dispute-resolution process.
Legal sources say the order by the Supreme Court for the matter to go to mediation is normal.
It is also understood that after the mediation process, Campbell filed a notice of discontinuance, which signified that as the claimant he did not wish to proceed with the matter through the court.
Sought declaration
Campbell, who resigned from the previous PNP government at the height of the controversy, sought a declaration from the Supreme Court that the defendants wrongfully, and "without any lawful obligation, duty or proper authority", disclosed confidential infor-mation relating to his account in the name of CCOC Association to unauthorised third parties.
The former information minister also sought a decla-ration that the defendants "wrongfully and without any lawful obligation, duty or proper authority and in bad faith and/or in abuse of their duty of trust and confidence as bankers obtained confidential information" regarding his relationship to an account held by First Global Bank in the name of SW Services (Team Jamaica).
He sought damages of $30 million, just under $1 million shy of the $31 million the PNP had to return to Dutch oil trader Trafigura Beheer BV because of mounting public pressure.
The scandal came to the fore in early October 2006 when then Opposition Leader Bruce Golding revealed that the PNP had received $31 million from Trafigura which, at the time, lifted and sold Nigerian crude for Jamaica. Golding also called for the resignation of the entire Government.
http://www.jamaica-gleaner.com/glean...ead/lead2.html#
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