Submitted by PUDRYR
Well it finally had to happen and CHIEF JUSTICE MARSTON GIBSON’s known competencies, or renown incompetencies had to come to the surface or, as bajans say, “day has run, till night catch it”. Here is the matter in a nutshell.
The City of Bridgetown Credit Union made a qualified loan to Mr. Morris Lee and some family members. They were all members in good standing with the credit union BUT FATE WOULD HAVE IT, because a certain CEO, had his eye on Lee’s properties, it is purported that he directed THAT THE SECURITIES FOR THE LOANS were to be (a) Lee’s Minibuses, (b) a house and land, (c) and apartment building and (d) ½ acre of land all valued at roughly $5.2M which was TWICE THE AMOUNT OF THE LOAN secured.
But what is really disturbing is that “the assets that were used to collateralize the loan”, WERE NOT THE PROPERTY OF THE MEMBERS WHICH THE CREDIT UNION GAVE THE LOANS TO. Yes sireeeee, Steve Belle and his ingrunt CoB lawyers, securitized the man loan with assets of private companies!
Now let me explain to wunna people cause wunna is not idjits how this works. The CoB can lend money to its members, AS WELL AS “bodies corporate”. BUT THESE BODIES CORPORATE have to become members of the Credit union. IN LEE’s CASE, THIS STEP WAS NEVER DONE so what happened was that while there were 4 companies involved in the loan transaction, Lee’s bus company and 3 real estate companies, NOT ONE WAS MADE A MEMBER! Well once wunna understand the above backstory, wunna is up to speed with all the background CoB trickery in this matter.
Now let us deal with the incompetence of CHIEF JUSTICE MARSTON. It would appear that the Chief Justice HAS BEEN MAKING SOME REAL BIG INGRUNT MISTAKES.
Illegal Orders to repossess the incorrectly listed assets of the 4 non credut union companies, were given to the court by Court Master Debra Holder. She did not listen to TO THE EVIDENCE PROVIDED BY MR. LEE who told her that CoB had not properly securitized the loans.
One further detail for all readers. Wunna remember a man called Ernest Jackman, the lawyer who always getting lock up for client funds? He was Lee’s lawyer and he was doing some of his famous underhand tricks but we will return to that.
So now, when the illegal order gets executed on the assets THAT WERE NOT LEGALLY SECURED, Steve Belle CEO of CoB, gives instruction to get the various assets repossessed. These included 6 buses and 2 SUVs which Steve claimed “were all inoperable at the time of repossession” ALL OF THEM!
Now here is another joke. Even though the bailiffs drove these vehicles away from the bus stands, WITH POLICE ESCORTS, (and wunna dun know that the Royal Barbados Police Force does only arrest poor black people cause Tasker still free and Innes she still free) Steve say that they were inoperable cause he can auction them off cheap. Lee approached the impotent CJ for an approval for the injunction concerning CoB Credit Union cases CV993/2016 and CV994/2016 to be heard as an urgent matter. And the CJ so orders an urgent hearing on 15th March 2019
The same impotent CJ Marston sends the matter to Dr. Sonia Richards and she refuses to hear it and returns the item to the CJ, without explanation. Even though he is Chief Justice what has happened over the last 4 months, is that all his instructions to 2 judges, to hear the matter on an Injunction with Urgency have been ignored by his subordinates.
By now, all of you readers can see why this submission has the word IMPOTENT because the CJ is so ineffectual that HE DOES NOT KNOW WHAT OTHER STEPS HE CAN TAKE IN THIS MATTER. The man is really just “winging it”. It is obvious there is no respect for this man and if MARSTON IS TO BE FIRED, THIS MATTER SHOULD BE THE INCIDENT THAT CUASES THIS TO HAPPEN.
Chief Justice Marston Gibson IS A POOH POOH MAN!
Wunna all unnerstan whu happen so far?
- In simple terms City of Bridgetown did not securitize their loans properly to their loan recipients.
- They gave loans but the security DID NOT BELONG TO DE PEOPLE THEY GAVE THE LOANS TO.
- The assets belonged to 4 non member companies.
- When Justice Debra Holder gave CoB the Court Order she erred in that action big time!
- Lee and his family rightfully sought to appeal said incorrect Court Order
- The CHIEF JUSTICE agreed that his matter had merit for urgent consideration
- Marston’s subordinates refused to carry out his instructions for 4 months
- During this time, Steve Belle and the City of Bridgetown is using its agents, the Royal Barbados Police Force, the Court Marshalls, the external lawyers, to ride roughshod over Mr. Lee
None of you will believe this but Steve Belle, CEO of CoB, up on the trucks dat are now repossessing properties that ARE NOT THEIRS UNDER THE LAWS OF BARBADOS and taking people’s contents to the St Thomas landfill.
Yes siree, Steve Belle got a bolt cutters and drilling machine and drilling out people locks WHILE PROTECTED BY THE COURT MARSHALLS who say dat “Marston is a boy in de yard and that “they are acting upon an authority that is higher than he!” Which has to be Attorney General, or the Governor General, or the Prime Minister.
Look what Barbados has come to – the criminals are killing us in the streets and the other criminals are killing us through the Court.
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