Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
Arts &Leisure
Outlook
In Focus
Social
International
The Star
E-Financial Gleaner
Overseas News
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Library
Live Radio
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News

Banker under siege - Crawford's ex-wife wants half his assets
published: Sunday | July 23, 2006

Barbara Gayle, Staff Reporter


Crawford

IN A bizarre twist, Claudine Crawford, the ex-wife of former Century National Bank boss Donovan Crawford has dragged him to court, claiming half interest in all his properties, valued at millions of dollars.

Her claims come at the same time that the Government-owned Financial Institutions Services Ltd. (FIS) is seeking to collect $2 billion from Mr. Crawford. Following an eight-year legal battle, the court ruled that Mr. Crawford should pay this amount which he and his companies owed to the Century National Bank which was closed by the Minister of Finance in 1996. Mr. Crawford was the principal shareholder in the bank.

Reacting to Mrs. Crawford's claim for half of her former husband's interests, the FIS described her action as a contrivance to prevent it from collecting the $2 billion debt owed by the former banker. Mr. Crawford had written to Minister of Finance Omar Davies on June 26 asking him to vary the judgment because of his ex-wife's illness.

GESTURE OF COMPENSATION

He had also asked the minister to release various assets and pay him "an appropriate sum as a gesture of compensation for my efforts in building and contributing significantly to the Jamaican economy and people over the past 35 years. This could also be considered in lieu of a pension."

Mrs. Crawford's suit was filed in the Supreme Court on July 12, the day before FIS put up for auction 17 properties belonging to Crawford and his companies. Her claim is based on provisions of the Property (Rights of Spouses ) Act, 2004, which came into operation on April 1.

Without notifying FIS, Mrs. Crawford's lawyers applied to the court on July 12 to get an injunction to block FIS from proceeding with the auction until the court made orders pursuant to her application for division of the properties in which she has interests.

Ms. Justice Jennifer Straw refused to grant the injunction and directed Mrs. Crawford's lawyers to serve FIS with the summons.

The matter came back before the court on July 18 when Justice Straw, after hearing submissions from Solicitor General, Michael Hylton, Q.C., and attorneys-at-law Carlene Larmond and Kalaycia Clarke of the Attorney-General's Department, dismissed Mrs. Crawford's application for an injunction.

More Lead Stories



Print this Page

Letters to the Editor

Most Popular Stories





© Copyright 1997-2006 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner