The sudden exit of the Virgin Islands Deposit Insurance Corporation’s CEO last month was unrelated to the regulator’s action against the Bank of Asia on May 26, according to Premier Natalio “Sowande” Wheatley.
During a July 11 press conference, Mr. Wheatley defended founding VIDIC CEO Lisa Violet, who left the post last month for reasons that have not been publicly disclosed.
“Lisa Violet at every step of the way has provided me with updates with the information that she had available to her,” Mr. Wheatley said of the CEO, who was appointed to the position in June 2024.
“I was briefed about the audit that took place to the Bank of Asia and some of the information that came about as a result of that audit.”
The premier did not say who is currently heading the VIDIC, and he directed further inquiries about the situation to the corporation.
“VIDIC has a well-qualified board led by Mr. Ian Smith — they have persons who have a full grasp of the process which is taking place right now,” Mr. Wheatley said.
The premier did not comment when told that the VIDIC, like the FSC, has not answered questions from the Beacon on the subject.
This week, Mr. Smith, the VIDIC and the FSC did not respond to requests for comment.
Leaders have stayed silent on Ms. Violet’s exit following a June 5 news report that she had tendered her resignation, but the VIDIC advertised for a new CEO on June 27.
British Caribbean News
