An ex-banker who provided over $20 million in loans to eight companies and individuals through agreements crafted by his then attorney Jennifer Messado has been ordered by the Supreme Court to return over $12 million he collected as interest to the estate of the now bankrupt ex-attorney.
The order was made last month by a judge of the Supreme Court who declared the loan agreements illegal and void for breaching Jamaica’s Moneylending Act.
The funds are to be paid over to the trustee overseeing Messado’s bankruptcy proceedings. The embattled ex-attorney was declared bankrupt in May 2021.
The ex-banker, Lauriston Stewart, was granted a 42-day stay before the payment is to be made and has been ordered to return any…
