Update on CDB President’s Dr. Hyginus 'Gene' Leon's Abrupt Departure: Unraveling a Complex Legal Saga
An Extensive Examination of Recent Developments In the wake of Dr. Hyginus 'Gene' Leon's sudden resignation from the helm of the Caribbean Development Bank (CDB), a tangled web of legal disputes and institutional turmoil has engulfed the regional financial powerhouse. What began as a routine administrative leave in January has morphed into a high-stakes battle of allegations, procedural missteps, and escalating tensions between the former president and the CDB's leadership. Leon's bombshell resignation, announced through a legal missive dated April 21, sent shockwaves through the corridors of power, as he threatened legal action against the institution if an amicable separation agreement was not reached by May 4th. The letter, crafted by his legal team based in St. Lucia, painted a damning picture of the CDB's internal investigation, alleging a litany of irregularities and procedural breaches that fatally tainted the process. Central to Leon's grievances was...