PM denies owing embattled banker Thierry Nano

KINGSTOWN, St. Vincent, March 14, IWN — Prime Minister Dr. Ralph Gonsalves says he does not owe money to French banker Thierry Nano, who the Federal Bureau of Investigation (FBI) has accused of money laundering.

Nano was arrested in France in January on allegations of conspiracy, fraud and money laundering.

The FBI obtained a sealed indictment in the southern district of Florida in which Nano says that Gonsalves and former prime minister Sir James Mitchell, were important debtors of Nano’s New Bank Ltd.

But Gonsalves told I-Witness News that he does not owe Nano.

“I may do many things in politics but I never borrowed money from Nano,” he said.

“I never borrowed one cent from Nano,” Gonsalves, a lawyer, told I-Witness News.

He said he did legal work for Nano for about three years.

“I understand this first arose in a case in New York,” he further told I-Witness News of the allegation that he borrowed money.

“No one has served me anything; no one has asked me anything. I do not owe them,” he further said.

Gonsalves said that New Bank was placed in receivership under his Unity Labour Party administration, which came to office in 2001.

The New Democratic Party administration had revoked Nano’s licence, but the Gonsalves government reinstated it.

Gonsalves told I-Witness News that the NDP government did not follow the law when it revoked the licence.

“Nano was going to win,” Gonsalves said of a court challenge against the revocation of the license.

He said the court had ordered that the revocation of the licence be made null and void.

But on the very day that the Gonsalves government reinstated New Bank’s licence, it also placed the bank in receivership, he said.

“This displeased him (Nano) really bad,” the Gonsalves said.

“He (Nano) thought the court license would have given him his licence,” he further stated.

In August 2000, New Bank wrote to Sir James, other ministers of the then government and senior civil servants demanding they repay loans and advances it said it made to them.

Sir James denied having obtained loans or taken advances from the bank.

In November 2001, Nano left St. Vincent on a chartered flight to Martinique following the issuance of a warrant for his extradition by the U.S. District Court for the Southern District of Florida.

Gonsalves subsequently said that there was no law under which this country could have detained Nano, who was on the run for several years before he was arrested.



4 thoughts on “PM denies owing embattled banker Thierry Nano

  1. My problem is that I never believe anything that Gonsalves says since he told us he tells lies. From that moment on I have never believed a word that he utters without evidence or confirmation by others.

    “I sometimes tell lies”

    “Show me a liar and I will show you a thief”

    “I only work Obeah for the Lord”

    “We will hunt them down until they exist no more”

    If he didn’t mean those statements why did he make them. In my opinion he is a semi intelligent man, therefore why would he make such statements?

    Posted by peterbinose | March 14, 2013, 13:44
  2. Also read with this article


    In 2003, Thierry Nano made a submission to a French Court in which he claimed that, as a result of fraudulent acts of American FBI agents, carried out notably by Susan Chainer, herself an FBI agent attached to the American Embassy in Barbados; by certain officials of the government of Saint Vincent among them [see page 7 para 1] Ralph Gonsalves, prime minister and minister of finance, as well as a debtor to the bank; and finally the liquidator, Marcus Wide, he suffered serious damages, not only material but also moral.
    [Court Documents available]
    By this complaint [see page 8 last Paragraph], he also named Marcis Wide, Susan Rushing Chainer, Ralph Gonsalves, and Louis Mitchell as defendants, on the same facts as those alleged against the principals and their accomplices, as well as against the state of Saint Vincent of which certain ministers are debtors of the bank. For further reference also see


    There are lots of other references to this matter on the internet, use your search engines

    Posted by peterbinose | March 14, 2013, 14:02
  3. Now, all Nano has to do is to provide paper work that show these people in fact owe him money…anything else is tootoo.

    When Gonsalves, say, “there was no law under which this country could have detained Nano”…I am just curious, what about the extradition treaty between SVG and the US, that was signed around 1996?….isn’t such treaty enough to detain Nano? Or was it just convenient for all concern to let Nano get away? Truth be told I hope Nano could throw the likes of Mitchell and Gonsalves, as it is well established that these two miscreants are the bane of Vincyland.

    Posted by Teacherfang (@Llijame) | March 14, 2013, 20:26
  4. Isn’t it strange that Gonsalves is accused of so many dreadful things, which he vehemently denies in most cases. While others vehemently allege he does these dreadful things.

    Why is it that so many people accuse him of committing all these dastardly crimes. Why is it only him that is singled out for these accusations. It rarely happens to other Vincentians, it rarely happens to leaders of other countries. Why then does it happen to Ralph E. Gonsalves so frequently?

    Rape [denied]

    Sexual Assault [although accused by several different women, is denied]

    Telling Lies [ can this be considered a truth? because Gonsalves told us “I sometimes tell lies”]

    Theft [this according to Gonsalves is the trait of a liar “show me a liar and I will show you a thief”, even telling lies is theft, theft of the truth]

    Deception [although never accused of such, isn’t that a possibility by someone that is a self confessed liar? because aren’t lies told to deceive?]

    Perjury [although never accused of such, isn’t that a possibility by someone that is a self confessed liar?]

    Working or practising Obeah [this is according to Gonsalves, he told us “I only work Obeah for the Lord”]

    Bribery [denied]


    I am not accusing Gonsalves of anything, I am only asking questions and putting forward allegations by others and repeating his own admissions.

    Posted by peterbinose | March 16, 2013, 09:53

I-Witness News’ tweets


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