It comes down to nations taxing fairly or obscenely. The G-8 Countries and OECD and FAFT memberships have chosen to continue to tax obscenely. Julian Francis took the law into his own hands like a common hoodlum in total deviance of a Court Order of his own Judicial System not to revoke SSBT's license. This criminal action destroyed the fiduciary responsibility Bahamas owed to all bank depositors. What we have witnessed is the malicious criminal activity of a public official.
Government officials have an obligation to act in law with clean hands at all times.
When Mr. Harachi declined and filed an official complaint with the Minister of Finance, Julian Francis responded shortly afterward by suspending SSBT's license. Figure that out. Talk about a travesty of justice. This same Justice after rendering the decision simply wants to run away and retire and defer other aspects of the case to a more senior Supreme Court Justice. Bahamas is a close knit community of 700 islands that operates very much on rumor and innuendo where conflict of interest guidelines and lack of backbone and ethics is of no concern or consequence when attempting to destroy the reputation of the Chairman of a very ethical private bank.