Antigua Sun: "ST. JOHN’S, Antigua (CMC) – England and Wales Cricket Board chairman Giles Clarke has defended the ECB’s partnership with Texan billionaire Sir Allen Stanford who was Tuesday charged in an investment fraud scheme.
The ECB, along with the West Indies Cricket Board, signed a deal with Sir Allen last June to stage the multi-million dollar Stanford Twenty20 Challenge over the next five years but Clarke said that at the time, their checks had revealed nothing improper.
“He was conducting a banking operation, which, at the time, based on the information from the work that was done, showed no indication that there was anything that could prevent him from paying his obligations,” Clarke was quoted as saying, as news broke that United States financial regulators had put Sir Allen at the centre of an US$8 billion investment fraud scheme."
The ECB, along with the West Indies Cricket Board, signed a deal with Sir Allen last June to stage the multi-million dollar Stanford Twenty20 Challenge over the next five years but Clarke said that at the time, their checks had revealed nothing improper.
“He was conducting a banking operation, which, at the time, based on the information from the work that was done, showed no indication that there was anything that could prevent him from paying his obligations,” Clarke was quoted as saying, as news broke that United States financial regulators had put Sir Allen at the centre of an US$8 billion investment fraud scheme."
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