“The New National Party administration, led by Dr. Keith Mitchell, was well aware that Capital Bank Int. was not duly licenced. All banks in the Eastern Caribbean Currency Union, of which Grenada is a part, are licensed on the recommendation of the Eastern Caribbean Central Bank. This procedure is provided for in the law which set up the Eastern Caribbean Central Bank to be the sole, regulatory authority of all banks, foreign or indigenous, operating in the sub-region. Dr. Keith Mitchell therefore acted outside of the law when he re-issued a licence to the bank without the review and recommendation of the ECCB…”