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Dextra drew a cheque for $2,999,000 from its bankers to lend to the Bank of Jamaica. Its agents told Dextra the money was for a loan. The Bank of Jamaica was told the money was for foreign currency purchased by its agents. They gave the money to the agents, but the agents were fraudsters. Dextra wanted restitution.
The Bank of Jamaica (Jamaican Patois: Bangk a Jumieka) is the central bank of Jamaica located in Kingston. It was established by the Bank of Jamaica Act 1960 [ 3 ] and was opened on May 1, 1961. It is responsible for the monetary policy of Jamaica on the instruction of the Minister of Finance .
The Judges' Rules are a set of guidelines about police and questioning and the acceptability of the resulting statements and confessions as evidence in court. Originally prepared for police in England, the Rules and their successor documents have become a part of legal procedure not just in Britain but in places as far afield as Jamaica, Zambia and Western Samoa where English law is followed.
The Court of Appeal is the highest appellate court in Jamaica; it is superior to the Supreme Court. [1] [2] [4] The Court is composed of a President and six other Judges.The Chief Justice is also a judge ex officio of the Court of Appeal, but participates only when asked to do so by the President.
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NCB Group Limited was listed on the Jamaica Stock Exchange in 1986. [4] Between 1986 and 1991, the Government of Jamaica divested 61% of its shares in NCB Group Limited, and sold the remaining 39% to Jamaica M&N Investments Limited (a joint venture of the Jamaica Mutual Life Assurance Society and Jamaica National Building Society) in 1992. [4]
The Financial Services Commission was established to improved the Financial Supervision in Jamaica after the 1995 Financial Crisis. [1] After the act was passed, the senior directors and key executive members were hired in November 2001. The General Manager was on-boarded in February 2002 and in April, the operations was started. [3]
On 7 July 1997, McCalla was appointed a Puisne Judge of the Supreme Court. [1] [3] She stood down from that appointment on 10 April 2006, when she was appointed a Judge of Appeal. [1] In 2006, she was also an Acting Judge of the Grand Court of the Cayman Islands. [2] On 27 June 2007, McCalla was appointed the Chief Justice of Jamaica.