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The victims of Allen Stanford in the United States are screaming very loudly.
The -- -- government has seized up to 250 acres of land that was once controlled by mr.
Stanford and Stanford financial group.
And has not indicated what will happen to that -- And the direct question I would ask is will those -- be sold at market value and of those -- be made available to either -- very involved.
In this case it whether it's the US receiver or the other receiver.
-- -- -- the receiver of this confident enough -- bunk.
He's only -- the vote that -- of the international about.
And it does cut into team.
Is -- -- that -- swimming in that order laughable three.
Through -- -- lesson.
Most of the -- there.
In the name of stunt the development company.
Under various other than it is -- -- formed in front.
On record as a possible 23.
Not all of them -- -- -- it.
And the prices and a lot of that was simply hoarding land.
But let you know to make it very about the details of that we do not see his -- The constitution -- you about -- who braves though the government.
Kind of compulsory for quite.
It also mix provisioned.
Mostly due to the formal orders open -- -- we intend dealing with it on abuses.
So in the way I have to draw because my experiences in the United States.
One man's compulsory.
-- acquisition would be referred to a seizure but.
I can use the term compulsory acquisition but at the end of the day the question becomes when these parts of -- -- Who will receive the funds given that mr.
Stanford very well could be in jail.
Would -- go to those entities that have claims against mr.
-- or would it revert to the government prevented him.
No because the money is what -- to decent car to be paid to those various entities.
What we also hope to be very conscious though is that -- system for the president.
Substantial -- to get here and -- you there retreat crypto is there.
Monday's order tool for example utility company.
And to go public visitors authority and respect of electricity teleport and that's sort of that's open.
So there are those who the employees.
450 of them.
Who themselves have been seven.
But who severance have not yet been viewed so the government is very conscious of the financial obligations which have been -- -- reverted to make every effort to ensure.
Without those -- -- are satisfied in addition to the trillions all of the various investors and the positives.
-- so what I'm hearing you say is that these lands will eventually be sold and those monies will be distributed depending on.
They determination of who they would be puzzling look to them indeed there -- brought about symptoms of insuring them.
This prisons are compensated I just went -- the General Motors and Chrysler bankruptcies in the United States and an issue there -- -- where you had different levels of debt.
Holders so I guess my question to you is we've that is my experience.
What the people ahead and take -- borrowed money.
Would the employees who lost their jobs and have been left without their paychecks with the utility here which is -- money would they come first in the disbursement of those funds.
Before the payment to victims worldwide of mr.
Sanford told it was very clear in respect of that severance payments.
-- -- -- They're up to -- diligence in very.
Government government alone.
And then they're -- to look up to be done on the basis as the receivers which would would would recommend.
Based upon what the net -- that's.
What did it say in respect of the other persons under would do you think along those -- when does the does the -- in government have market value on these properties as of yet I've heard hundreds of millions thrown around.
Around this story is welcome -- what are thought to be happening is that -- somebody and so.
I was challenged.
In the courts -- acquisition.
So there is -- Steve in respect of the acquisition process continuing.
We abiding by the court's order in respect of the -- so there -- no federation been done.
But or normal process.
Would be to ensure that we get an international -- racial.
All of the of the various moments in front of the law is very clear on the much of a political parties to a degree.
Then there is a board of assessment.
Which would be appointed.
Were cheered by a the judge of the of the -- Would then sit.
Give it to miserable -- to make -- determination.
In tombs of the competition was open his performance -- The FS RC investigation conclude that there was criminal wrongdoing would that then.
Stanford's claim to become Null and void to stop the acquisition of these -- by the government.
We -- depend upon what the neutral vision of the charges you know from where I sit -- motive for the -- -- until I have their report before me.
And I would simply up to seek the advice of the director of public prosecutions since.
Is this -- authority -- respect to criminal proceedings there an insecure about your.
And an anti again my ignorance forgive me has mr.
Stanford been charged in nineteen -- with the you know yes.
Do you think that surprises people outside event to get -- he is not when he was so quickly charged in the United States.
No because I think one must recognize that thoughts this might have missed those stun guns or -- appearance here -- and to go.
Despite the front of that of the -- stunted emotional about it was registered here into -- nugget of most of the system -- operations.
We think and reason -- -- -- of America's -- -- -- Texas as well as Miami.
Absolutely but bend in South America in Venezuela and Mexico but everything and we -- to live through as soon as I -- it precisely.
-- -- today -- because the previous government and power.
-- actually the current prime minister was very critical of the previous prime minister and his relationship with mr.
And we know I mean -- -- in 2005 I think the -- director in a speech talked about -- to the Stanford.
Entities of 230 million dollars.
The half of the anti government which had been restructured the payment.
What happens that it now did you say that is still being paid that is to be good -- -- is being developed for the -- open to you Richard are still alive and kicking -- -- imitative but it is no longer a Stanford controlled.
By the Mormon norm because being used to see me two walks that -- to ensure that the bandits have developed an affordable.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- By agreement that -- -- -- -- and dealing with -- that much about.
It will be dealt with in accordance with little but the government.
Payments to settle that other than Tony Curtis and I am gonna continue because this by the -- that.
-- -- -- if stunt could result the bank remains hesitant to dinners that get -- -- -- so that we have to do with it on the among those --
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