May 18, 2008 – St. Mark’s, Grenada – Prime Minister Dr. Keith Mitchell announced at a political meeting at Heroes Square in St. Mark’s that government will pay small depositors to Capital Bank with account balances of under $500.00.
The Prime Minister promise to ask to court to for permission to make the payment which will avoid hardship on the poor.
This came as the CEO of the bank is due to appear in the St. George’s Magistrate Court on Monday morning on charges connecting with the management of the bank..