Ex-Stanford aide makes damaging claims

New claims have emerged that an associate of the Texan financier, Allen Stanford, has pleaded guilty to involvement in a multi-billion dollar fraud.



In his plea deal, the former finance chief of the Stanford group, James Davis, said his boss created a business empire where bribes were paid from a secret Swiss bank account.



Mr. Davis has also apologized for his involvement in the scheme.



Mr. Stanford was also due to appear in court but was sent to hospital after complaining of an irregular heartbeat.



He\'s accused of cheating customers at his bank based in Antigua out of US$7 billion.