Grenada files petition

The government of Grenada has filed a petition for the reorganisation of the financially strapped Capital Bank International Limited.



Yesterday, Minister of Finance, Dr. Keith Mitchell said the government was waiting on a date for the hearing of the petition.



Earlier this year, the government shut down the bank after a series of complaints from customers over its failure to honour requests for withdrawals.



Capital Bank International was ordered to close, after government obtained a court order transferring control of the bank to a receiver.



All 12 branches of Capital Bank throughout the tri-island state have been ordered closed.