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Cash Plus trustee furniture returned

Published:Monday | January 17, 2011 | 12:00 AM
Cash Plus liquidator Hugh Wildman - file

Furniture which had been removed from the Trustee in Bankruptcy's office in New Kingston on Thursday by a St Thomas bailiff and his team seeking to recover nearly $9 million allegedly owed by Cash Plus Group Ltd, have been returned.

An employee from that office told The Gleaner the bailiff's team began returning the furniture, which included chairs, desks and computers containing files related to Cash Plus investors on Friday.

The items were removed after a court order had been filed for seizure and sale of goods by attorney-at-law Minette Lawrence and signed January 12 by the registrar of the Supreme Court.

The court document listed the Edward Seaga-led Premier League Clubs Association Ltd (PLCA) as the claimant and Cash Plus Group as the defendant.

It stated that the applicant, Catalyst Ltd, had on May 4 last year obtained judgment against Cash Plus for storage costs for the period April 1, 2008, to September 30, 2009, at $478,000 per month plus interest.

Trustee in Bankruptcy and court-appointed liquidator for the failed investment scheme, Hugh Wildman, says he intends to press criminal charges, as the property seizure was illegal.

He said the removed items of furniture were the property of the Jamaican Government, as no assets for Cash Plus were stored at his office.

Wildman said he went to court to dispute the claim on December 17 last year and raised legal points that it was invalid.

He said he had been waiting another date to be set for the hearing when the bailiff served his office with the court order.