Globe Trust liquidator Nizam Ali said yesterday that refunds to small depositors are winding down but just around forty percent of the persons targeted were repaid.
Since the company started payouts two months ago, depositors with accounts under $100,000 have been trickling in, Ali said. He believes the bulk of the people have showed up given that people have migrated, changed addresses and in some cases, died.
He estimated that the majority of cases would be handled in a week’s time, which would see the end of that part of the process
