Mr. Ebanks has been relieved of all his duties related to his position within the ERA.
According to the statement, the decision was based on preliminary findings by Auditor General Alastair Swarbrick from his investigation into inappropriate financial transactions, which was reported to the Board of Directors of the ERA on Thursday, 28 February. The auditor general’s findings have been passed onto the police’s Financial Crimes Unit for further investigation.
The board unanimously supported the recommendations of the auditor general following his preliminary report.
Mr. Ebanks posted on his Facebook page Saturday that he had been served notification that he had been suspended from his post.
Louis Boucher has been appointed as acting managing director of the ERA. Mr. Boucher was previously the acting managing director immediately prior to Mr. Ebanks’ appointment to the regulatory body last year.
Mr. Ebanks took over as head of the ERA in May, 2012.
Check back for more on this developing story.
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It continues to sicken me to read article after article of persons placed in a position of trust being accused of misuse of funds, theft, financial irregularities – whatever one chooses to call it. What is even more insulting is the fact that these persons are already making a hefty salary to begin with and they still have the gall to believe they should also have the right to spend money which is not theirs. Shame shame shame.
What is going on here, is this throughout the government?
Seems to be a Cayman cultural thing….
What have I been saying all along? Ambulance driver, keep the motor rolling, there are more injured to pick up.
Now it is not only in Government departments mind you, because when the check out is extended to the private sector, the numbers will be too many to count. Some are already packing to leave.
This was highly predictable.
Folks, if you don’t realize it yet we have a massive problem on our hands. The government house must be purged.
Next Heroes Day give the Auditor General the top award and a statue in town.
This place is going to end up like Turks. Steeling and corruption doesn’t work anymore, it did when we had the pirates of the Caribbean. Now we are trying to be a GLOBAL FINANCIAL CENTER. Look what we got, a deceiving steeling government and you people let it happen.
Joey claims he is innocent ! I hope he can prove this !
It seems like so many incidents of improbity, time for the great Cayman crook-out.
No more personal piggy bank for the private insider club.
Way to go Alastair, score one for the good people of Cayman Islands keep up the good work.