The Securities Commission is contending that the appointment of a court-supervised liquidator is ‘vital’ to seize control of Arawak X’s records and make a determination with respect to the directors and shareholders in the company.
Christina Rolle, the regulator’s executive director in her fourth affidavit, filed October 20th in response to the second affidavit of D’Arcy Rhaming Sr, dated October 12th stated, “The Commission is concerned that all of the information obtained during the course of the Commission’s investigation was only obtained as a result of requests made by and under the compulsion of the Commission. As a result, the Commission believes that the appointment of a court-supervised liquidator is vital to seize control of the respondent’s records, make a determination with respect to the directors, shareholders, and or subscribers, and account for all creditors.”
