A panel of judges has ruled against an application for bail for jailed banker Finton George De Bourg, while an appeal against his prison sentence is pending.
The application was turned down on Monday at the Number Two High Court in St. George’s.
Bourg, who was the CEO of the failed Capital Bank International Limited was arrested and charged in 2009. He was found guilty on six counts of fraud charges in December last year and sentenced 23 years in prison. He consequently appealed the sentence and applied for bail in January this year through his defense lawyer George Prime.
Prime said he believes there are special factors to take into consideration regarding the De Bourg case and the nature of his conviction. He believes there are grounds for bail to be granted to the convicted man while he awaits his appeal.
The panel of judges dismissed the application ruling that De Bourg’s sentence should be served in full since and there is nothing to justify that bail should be granted.