Brian Stuart-Young has allegedly failed to satisfy a court order to pay depositor Jack Stroll over US$300,000 or just over EC$900,000.
A High Court judge gave the embattled CEO of the Global Bank of Commerce until Friday, May 16 to pay the sum or risk being sent to prison.
However, according to a report on REAL News’ Facebook page, just over EC$870,000 of the outstanding amount was deposited directly into Stroll’s Caribbean Union Bank (CUB) account.
It is unclear what Stroll’s next move will be to recover the balance, as efforts by Observer to get a comment from him proved futile.
Stuart-Young narrowly avoided jail time on an earlier occasion after he failed to make a court-ordered payment to a longtime investor.
The High Court had imposed a 21-day suspended prison sentence on the Global Bank of Commerce CEO for his continued failure to comply with a 2022 ruling in favour of the Canadian investor.
The High Court found the non-payment was deliberate, but delayed committal after a last-minute partial payment at that time.
Stuart-Young also faces an order to satisfy additional payments totaling £1.65 million by September.
