POSSIBLE FRAUD CHARGES FACING DEBOURG

St. George, May 15, 2008 -- Chief Executive Officer of Capital Bank International (CapBank), Finton DeBourg, could be facing fraud charges within the next 24 hours.

DeBourg remains in detention at the St. Paul's police station after a raid on his residence late on Wednesday, just days following a judicial ruling which stated that placing the bank into receivership in February was an illegal process.

Reports reaching GrenadaBroadcast state that the bank's assets were being put to personal use by Mr. DeBourg, a claim which the bank's attorney, Cajecton Hood, describes as "laughable."  Meanwhile, local attorney, Anselm Clouden, who represents a number of depositors is delighted with the move to arrest Mr. deBourg -- a move which he describes as "...too little, too late."