Published Sunday, November 22, 2009 12:40 AM

Stanford investors object to liquidator

Associated Press

ST. JOHN'S, Antigua -- A group of investors is urging an Antiguan court to remove a British accounting firm appointed to collect assets of a Caribbean offshore bank at the center of an alleged Ponzi scheme by Texas financier R. Allen Stanford.

Martin Kenney, a lawyer for the group led by Florida businessman Alexander Fundora, said his clients have asked the High Court of Antigua to remove Vantis Business Recovery Services as liquidator because a Canadian court found earlier this year that it had deleted data from computers in the Montreal branch of Stanford International Bank Ltd.

Vantis was appointed by Antiguan authorities to liquidate the assets of Stanford International Bank. A spokeswoman for the firm did not immediately return a telephone call Saturday.

Kenney said Vantis wiped out original data on computers in the Stanford bank's branch in Montreal, Quebec, in March, without the authority of the Canadian courts and without notifying the Quebec financial regulator.

The Superior Court in Montreal ruled in September that Vantis deliberately misled the court, destroyed computer data, and removed financial information.

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