The Bank of Guyana has recovered records for Globe Trust depositor Avil Murray who went public with her story when the company was unable to find records for her children.
Murray recently received a telephone call from the liquidator Nizam Ali informing her that the books have been found, and yesterday she received her money.
“I am satisfied… I wanted to let everyone know that the books have been found my children’s money have been returned,” a rejoicing Murray told Stabroek News.
Ali, in explaining what happened, said Murray had turned up at the company and presented the books for her two children under a different surname. Ali said that the children were recorded in the system under Murray’s name and as a result, the problem arose.
“We had been looking under the wrong name all this time and the Bank of Guyana recently discovered what had happened… we are happy that she could finally be paid,” Ali added.
Avil Murray was not too happy when a letter reached her last month because it only addressed the joint savings account she shared with her husband; the family had three accounts at Globe Trust. Murray said she had opened two accounts for her children, now 25 years.
At the time, Murray said, the liquidators could not say what happened to the two accounts, which both had savings under $100,000 and were categorized among the small depositors.
Globe Trust liquidators’ are currently paying out refunds to small clients. Initially, the traffic was slow but depositors have started showing up and information has also been forthcoming that some are now deceased.
Nizam Ali, who was appointed liquidator, has said that around $45 million has been made available for the payouts following a court ruling by Chief Justice (ag) Ian Chang in September. On register are 3,050 persons classified as small depositors.
