Regulatory Alerts2023-11-09
Added · Updated
Fifth Affidavit of Christina R. Rolle Dated 30 October 2023
The Securities Commission of The Bahamas submits an affidavit to refute claims by Mdollaz Ltd. (trading as Arawak X) that it is engaged in settlement negotiations with the Bank of The Bahamas. The affidavit includes an email from Bank of The Bahamas Managing Director Neil Strachan confirming that the bank has not engaged in any settlement negotiations or agreed to a settlement with Mdollaz. This evidence contradicts sworn statements by Mdollaz's representative regarding ongoing discussions and anticipated funding.
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