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Weekly Report - 26 February 2009 (ISSN 1741-7422)
REGION: Stanford fraud overshadows Antiguan elections
The prime minister of Antigua & Barbuda, Baldwin Spencer,
announced last week that general elections would be held on 12 March. Only a day
earlier, the twin-island state's chief benefactor, Sir Allen Stanford, was
accused of fraud on a massive scale by the US Securities and Exchange Commission
(SEC), the US financial regulator. Stanford's downfall will have a big impact on
the elections and Antigua's future, both short-term and long-term. It also has
repercussions far beyond Antigua's shores, of course, with five Latin American
countries taking action against Stanford's businesses.
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- REGION: Stanford fraud overshadows Antiguan elections
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