Jamaican News

MICHAEL LEE CHINS ‘S NCB in PASSA PASSA WITH REAL ESTATE DEVELOPER NORDBUILD LIMITED

Vision understands that there has been a court matter in excess of FIVE years, with MICHAEL LEE CHINS ‘S NCB ,VMBS ET AL and REAL ESTATE DEVELOPER NORDBUILD LIMITED, its DIRECTORS, IT’S SHARE HOLDER, C.N.B.7 LIMITED, HERBERT RILEY & HIS PORTFOLIO MANAGER A NCB BRANCH MANAGER.

NCB HAD NO DEFENCE AFTER 270 days(9 months] yet FAILED to RESTORE the developer after 10 years ,of breach “KNOWINGLY”.

Is this JUDICIAL TERRORISM, or ” HOLD DUNG TEK WAY….

BACKGROUND

NATIONAL COMMERCIAL BANK, the largest and the most profitable commercial Bank in Jamaica, if not in the Caribbean and VICTORIA MUTUAL BUILDING SOCIETY a long respectable institution celebrating over a 100 years, appears to be turning their backs on the June 6, 2018 FORMAL ORDER of THE HONOURABLE Carol Edwards, which “STAYED” 11 Declarative Orders in favor of NORDBUILD LIMITED and its shareholders , CNB7 LIMITED, HUBERT RILEY and his portfolio manager, his “brother” a NCB MANAGER.

HERBERT RILEY, an ordinary and preferential shareholder of CNB7 & NORDBUILD Limited since 2016/2017, funded CNB7 LIMITED to trade UNDER A SPECIALITY CONTRACT for share of profits and margins, which enabled Nordbuild Limited to wage its legal battles.

Mr. Riley appointed his brother to manage the portfolio a NCB MANAGER who promised via phone to intervene as a MEDIATOR. Yet NCB refused to take the high road and have apparently resorted to devious maneuver, based on our investigations.

Counsel for Nordbuild Limited (to 24th September 2018) THE HONOURABLE DR LLOYD BARNETT, ORDERED instructing Counsel to put back the 11 DECLARITIVE ORDERS he removed” against the PROTEST of the principal, of Nordbuild Limited.

You would want to keep that already considered by the court, Barnett said inter alia.

THE HONOURABLE CAROL EDWARDS, could be considered base on our findings to beFEATHER in the cap of JAMAICA JUDICIARY”. GOOD FOR HER.

“A nonsense JURIST, was in her CELEBRATED GLORY THE MORNING OF JUNE 6TH 2018, when she stayed the 11 “orders” grounded in VMBS & NCB own source documents of IRREFUTABLY EVIDENCE of FRAUDdeclared an unnamed source who asked not be unidentified.

The court documents revealed that the Honorable Carol EDWARDS STAYED 11 “Declarative Orders” was ATTACKED BY VMBS viciously like a [MAD BAD DOGS] who LIED that the SIX-hour hearing was NOT HEARD.

The declarative orders are as follows:

That VMBS & NCB transfer 3 apartments VALUED $90M, for $52M GROUNDED in THREE invalid mortgages to PRIVATE TREATY BUYERS ,through an alleged STALE DATED VALUATION and THREW out NORDBUILD FURNITURE to the elements with police and blare horns in breach of 11 laws.

that NCB & VMBS Mortgage deed Quantity Surveyors, DAVIDSON & HANNAH, CORROBORATED the claim and TESTIFY that in October 2008 ,97% & 100% completion report was BREACHED by VMBS & NCB, who owes NORDBUILD $55M since November 1 2008 ,at 39%[interest levelled ,with monthly compounded, after daily calculation but who refused to RESTORE NORDBUILD FOR TEN YEAR :that NCB & VMBS BREACHED their (i) Commitment letter (ii) letter of undertakingfrom VMBS VICE PRESIDENT PETER BEEPOT , promised to release the titles on the presentation of PRACTICAL CERTIFICATE and failed to release the titles valued $115M for 16 months and refused to RESTORE NORDBUILD to November 2018-TEN YEARS LATER to November 2018: that NCB & VMBS breached the Liquidation letter of December 8th 2008 and January 9th 2009 and PREVENTED NORDBUILD FROM LIQUIDATING ITS MORTGAGE November 1 2008 : that NCB & VMBS represented FALSE REPRESENTATION against COMPLETION of the 8 titles and refused to release the $1M left over from construction” in a January 20th 2009 and May 2009 letterA BREACH;That VMBS & NCB knows categorically that A PRACTICAL COMPLETION CERTIFICATE MEASURES INCOMPLETION 95% or less : that NCB & VMBS had NO POWER OF SALE: that NORDBUILD IS NOT DAMNIFIED :That VMBS PRIVATE TREATY BUYERS telephonically alleged the sale was effected through a stale dated valuation :That the caveats and or statutory declaration cannot be removed that Caveat should only be removed if “a judge is satisfied that it was lodged ‘without just cause’ There was no power of sale and the Ancillary Claimant is not damnified, IS JUST CAUSE:That the Caveats cannot be set aside unless the claim to the estate appears to be without any validity. If there is reasonable question to argue the court should not remove the caveat but permit the matter to be litigated. Without a Power of Sale, the mortgage is invalid; the right to a caveat is the right given by statute and unlike an injunction, the caveator does not have to apply to the court. the authorities say “damages may not be adequate. In this instance case damages is not adequate.

Yet NCB & VMBS who knows that the Claimant has an Equity of Redemption in the mortgaged properties pleaded that the suit is STAUED BARRED and ought to have settled the matter in the chambers of the HONOURABLE CAROL EDWARDS on the 6th JUNE 2018 or 27th September WITHOUT PROTEST.

COMMENTARY

JUDICIAL TERRORISM ?

The claim FILED in March 2018, is yet to be DEFENDED by NCB after the 9th MONTH-270 DAYS ,yet it FAILED to heed the LJ ORDERS and have HEREIN FILED AN application to STRIKE THE CLAIM on PROSEDURE to “OBSTRUCT THE JUST DISPOSAL OF THE PROCEEDINGS .

Against a small company run by a single mother ,female developer whose 86 year old mother ,was struck with a stroke under the stress and whose son cannot attend college BECAUSE NCB & VMBS,BREACH OF A SPECIALITY CONTRACT ROBBED her since 2008 of $55M at 39% LEVELLED ON THE ACCOUNT compounded monthly ,plus the $10M installment, DEDUCTED FROM [ RED NCB PASSBOOK shows the deposit from directors ] paid between May 2008 to September 2009 ,when they REFUSED TO RELEASE THE TITLES .

VMBS & NCB own mortgage deed appointed QUANTITY SURVEYOR ,DAVIDSON & HANNAH 2017 affidavit CONDEMNED the FRAUD and sworn against the CONGLOMERATE that they FALSELY represented incompletion against the 8 titles valued $115M own by NORDBUILD LIMITED , directors ,SHARE HOLDER – CNB7 LIMITED ,HUBERT RILEY ET AL [NCB PASSBOOK carries the evidence of the deposit ]

The matter comes up for hearing at 12 o’clock in the chambers of THE HONOURABLE JUSTICE LAING ON THE 29TH November 2018 WHEN, HOPEFULLY, JUSTICE WILL BE SERVE.

NORDBUILD, young PRO BONO COUNSEL, just out of law school, will go UP AGAINST 10 LAWYERS from 3 famous law firm ,who are in breach of their canons 5 “Which states “on seeing the FRAUD to have the client rectify PROMPTLY.

Yet VMBS Counsel DANNIELLA SILVERA attacked the JUDGE and her 11 DECLARATIVE ORDERS [for which she was dragged to the GLC DISCIPLINARY COMMITTEE of which she is the CHAIRMAN in breach of CANON 1 “failing to avoid the very appearance of IMPROPRIETY”] refusing to RESTORE A BREACH COMMITTED 10 years ago .

VMBS and NCB is SEEKING A CRIMINAL SANCTION AGAINST NORDBUILD and its subsidiary CNB7 LIMITED and its MD.——-in a CIVIL MATTER……...to prevent the payment of the $2.5BILLION …took from NORDBUILD …… AS PER COURT DOCUMENTS WE HAVE SOURCED.

Alleged JUDICIAL TERRORISM hopefully will end, on 29th November 2018, when the matter comes before THE HONOURABLE JUSTICE LAING. WE HOPE THAT OUR PERCEPTION IS WRONG.

Efforts to contact NCB & VMBS et al have been unsuccessful up to press time ,but our efforts are continuing in the interest of JUSTICE so that all parties can be heard.

VISION NEWSPAPER SPECIAL INVESTIGATIVE TEAM

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