The King of Swaziland’s private luxury jet impounded
by a court in Canada in a dispute
over alleged unpaid debts could be released by Saturday (18 April 2015)
after the Swazi Government paid US$3.5 million as a financial guarantee for the
King.
The jet has been attached in Ontario, Canada, by a
court since January 2015 in a dispute about unpaid bills for upgrades and
modifications to the McDonnell Douglas DC-9 (also known as an MD-87).
A company called SG Air has taken Inchatsavane, a
Swaziland-based company which is solely-owned by King Mswati III, to court in
Canada alleging it owes US$3.5 million for the work done on the jet.
The jet was attached by the court in Ontario.
Attachment
is a legal process by which a court
of law, at the request of a person who is owed money, requires property owned
by the person who owes the money to be transferred to the person who is owed
the money, or sold for the benefit of the person who is owed the money.
The legal case has not finished, but the Ontario
Court of Appeal said the jet could be released if Inchatsavane delivered a
letter of credit for US$3.5 million which would be held in trust in a bank
until the court case was concluded.
This guarantee would ensure that if SG Air won the
case money would be available to pay the company the money it was owed.
It is understood that the money has been deposited.
However, instead of coming from Inchatsavane or the King personally, it is
understood the money was paid by Swaziland’s Ministry of Foreign Affairs and International Cooperation. It this
proves to be the case it would mean the people of Swaziland, rather than the
King, who rules the kingdom as an absolute monarch, would be paying the King’s
debt should he lose the court case.
Proof of letter of credit needs to be accepted by
lawyers in the case before the jet can be released. Once released, the jet can
be flown out of Canada and return to Swaziland. This is expected to be
completed before Saturday.
The case of the unpaid debt returns to the Ontario
Court of Appeal on 11 June 2015.
See also
SWAZI KING NOT ABOVE THE LAW IN CANADA
SWAZI KING IS ABOVE THE LAW, COURT TOLD
WHO PAID FOR SWAZI KING’S JET
REVEALED:
COST OF FLYING KING’S JET
SWAZI MPs CONFUSED OVER KING’S JET
REVEALED:
DETAILS OF KING’S NEW JET
KING'S COMPANY AT CENTRE OF JET ROW
SWAZI KING ‘REFUSED TO PAY JET DEBT’
SWAZI KING’S JET HELD FOR UNPAID DEBTS
‘SWAZI KING TO BUY US$44m PRIVATE JET’
http://swazimedia.blogspot.com/2015/04/swazi-king-to-buy-44m-private-jet.html
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