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Antigua to acquire over 250 acres of land owned by Stanford Group

Stabroek News "A motion to acquire over 250 acres of land owned by the Stanford Financial Group of Companies is to be moved today by the Government of Antigua and Barbuda when it convenes an emergency meeting of the House of Representatives.

A statement out of the Office of the Prime Minister in St. John’s, Antigua yesterday said that the move by the government follows an order in the US District Court for the Northern District of Texas for a receiver to be appointed to take control of the assets of Sir R. Allen Stanford and his companies after he was charged with fraud to the tune of US$8B."

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