Worldwise bars RBTT

Investment Company, Worldwise Partners has taken out an injunction blocking the RBTT bank from closing its accounts.



The injunction, which was granted by the Supreme Court, will remain in force until May 28.



One of the lawyers representing Worldwise, Christopher Townsend, said the application was made to the court based on threats by the bank to close the accounts.



Mr. Townsend said that Worldwise wants the accounts to remain open so that its investors can get their money.



The injunction comes amid claims by some investors that the company is facing financial crisis and therefore is unable to make regular payments to its clients.



Persons who have invested money in Worldwise have been flocking the company’s offices in St Andrew since this week, demanding that it informs them of its financial status.



Marketing and Public Relations Manager at Worldwise, Robert Collins, said the delay in payment is not a result of any financial challenges being experienced by the company.



Mr. Collins said the company is auditing its system and has been involved in verifying customer’s information to ensure that they are paid quickly.