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The Grass Roots - Senator C

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PNP surprised by news of NCB lawsuit

It has been reported that in a release, the People’s National Party has stated that they have taken note of an item in several newscasts regarding a lawsuit filed by the National Commercial Bank (NCB) in the Supreme Court, to recover funds said to be owed on loan, since 2006. The release by the PNP follows a local newscast which stated that NCB had asked the Supreme Court to rule that the PNP repay over $17 million dollars in monies owed. The PNP added in its release that it is surprised by the news item as it thought that the matter was already settled. According to the PNP, it will be reviewing the matter, and if necessary will have it handled by their attorneys.