The Barbados-based Caribbean Development Bank has acknowledged an ongoing administrative process involving its president, Dr. Hyginus 'Gene' Leon, but has remained silent on reports that senior officials of the region's premier financial institution had been sent on administrative leave.
Earlier, the Caribbean Media Corporation reported that it was reliably informed that senior officials of the CDB had been sent on administrative leave but that its sources could not provide further details at this time.
However, in a terse one-paragraph statement yesterday, the bank said it acknowledges an ongoing administrative process involving the President.
The bank said it will not be making any further comments on this internal matter at this time.
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