CDB President resigns with “immediate effect”

The content originally appeared on: Antigua News Room
Leon

CMC- Pesident of the Barbados-based Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon, has resigned with “immediate effect” from the regional financial institution.

According to a three page letter sent to the Bank by his St Lucia-based lawyers, Leon is of the opinion that “he will never be treated fairly” after he had been sent on administrative leave in January.

“It is also evident that the Bank has lost all trust and confidence in our client by the failure of the Board of Governors to prevent the continued violations of its Charter, policies, rules and regulations with regard to its elected President.

“Our client has therefore made the extremely difficult decision to resign his elected position of the President of the Bank with immediate effect”.

The lawyers  have given the regional financial institution until May 4 “to negotiate unamicable separation” indicating also that their correspondence should be viewed “as our client’s pre action protocol letter” regarding the entire situation.

In the three-page letter,  Dated April 21, and headlined “Re. Dr Hygenius “Gene”Lleon, Resignation and Constructive Dismissal, a copy of which has been obtained by the Caribbean Media Corporation (CMC), Leon’s St Lucia-based lawyers said they would be moving to the courts in Barbados “or any other jurisdiction more appropriate, to enforce our client’s legal and constitutional rights”.

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