British American Also Transferred Deposits to Trinidad & Tobago
(Panama-Guide) - La Prensa - The British American insurance company (BA) not only pulled the bonds that were supposed to backup the money being paid by Panamanians from the country, but also a part of their deposits and other investments as well. The report from the auditor appointed by the Panamanian Superintendent of Insurance in October 2009, revealed that among the funds they have not been able to recover is a deposit of $715,820 dollars, now in the hands of a company called Caribbean Money Market, a subsidiary of BA Trinidad and Tobago.
