GBTI sues KN for $600m over SOCU story

In its $600M lawsuit against Kaieteur News, the Guyana Bank for Trade and Industry Limited (GBTI) has secured an injunction, prohibiting the newspaper from further publishing certain materials contained in its November 15, 2017 publication pertaining to the Special Organised Crime Unit (SOCU).

The particular article referencing the bank, with which it has taken issue, was captioned, “Financial Institutions’ unwillingness to cooperate with SOCU tells a worrying story.”

The article was written against the backdrop of a US$500M probe currently underway against the Guyana Rice Development Board (GRDB), by SOCU, which has requested from the bank, certain documents for its probe.