While depositors with Capital Bank International are still holding out some hope that they will be able to regain at least some of their funds, another financial saga appears to be looming on the horizon. Depositors with the financial company SGL Holdings Ltd. were promised up to thirteen percent interest in some instances, and when word hit the street it was the talk of the town.

Potential investors have been dipping into their pockets for the minimum US 1,000 required to be a part of the investment deal, but a statement dated July 21st from the SGL management team, pointed out that the company has been facing a few challenges as a result of unexpected circumstances involving its trader.The statement which began with an apology to customers who have been awaiting statements in keeping with its operations, pointed out that over the past two years, the company has come to rely on the reputation of the trader, which it admits can entail a degree of risk.

It further added that due to a recent investigation against its trader, the business has been impacted to a degree that has caused unforeseen delays in providing customers with the distribution of their gains and or encashment.GBN contacted Lester Clyne of SGL Holdings Ltd, and he said his company has already issued a statement to all its customers on the matter and they are not prepared to make any further statement.

The SGL statement indicated the company’s commitment to pursuing all measures to accommodate customers at the earliest convenience, and is appealing to them for the time needed to achieve this goal.

Officials of the Ministry of Finance and GARFIN will meet with SGL on Wednesday..