The ongoing Supreme Court case relating to stock market pioneer Rita Humphries-Lewin will not impede the reorganisation of Cornerstone and its affiliated companies into a single financial group, says interim CEO of Barita Investments Limited and.
CORNERSTONE, the parent company of Barita Investments Limited, said it is welcoming a possible probe from the Financial Investigations Division (FID) into the circumstances surrounding the US$15-m.
There may be “some merit” to a claim that businesswoman Rita Humphries-Lewin, who is reportedly battling dementia, was pressured to spend $2 billion to buy shares in investment firm Cornerstone, says the agency that probes financial crimes in.
THE Bank of Jamaica (BOJ) has sought to clarify that it issuing a no objection to any financial entity seeking to reorganise itself into a financial holding company (FHC) does not mean it will aut.
The Bank of Jamaica (BOJ) has written to Cornerstone United Holdings Jamaica Limited (CUHJL) stating it has no objection to a proposed reorganisation of the financial group.
According to OBSERVER ONLI.