NEW: Davis says Stanford loaned $40M to Antigua govt, never repaid

Posted in Antigua and Barbuda, Montserrat | February 2nd, 2012

HOUSTON, Texas – James Davis said Allen Stanford loaned the Antiguan government $40 million and it was never repaid. Davis spoke about how Stanford decided to move Guardian bank in Montserrat to nearby Antigua before it was shut down there.

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NEW: Davis says Stanford loaned $40M to Antigua govt, never repaid

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