7 News Belize

Things Heat Up Between Port And Belize Bank
posted (November 30, 2011)
There was some excitement at the Port Of Belize this morning when an emissary, reportedly from the Belize Bank, arrived at the Port - accompanied by police.

Some thought that the bank was there with reinforcements to take over the facility, but it turns out, they only went there to deliver a letter, but because entrance had been barred, police were brought along to make sure that delivery was effected.

It was - and that was the end of it - but with the Port reported to be in a precarious state with its bankers, port workers have been on a hair trigger.

According to sources - which spoke to us on the condition of anonymity - the letter does not concern receivership - but does pertain to the generalized dispute between the bank and the port.

The issue - as we understand it - remains at a standoff between the Bank and the Luke Espat ownership group which retains possession and control of the facility...

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7 News Belize