A bankruptcy judge in New York balked on Friday at authorizing the questioning of Caribbean banking officials about $175 million deposited in the accounts of a private offshore bank in Anguilla, Dow Jones Newswires reported. At a court hearing in the newly filed chapter 11 bankruptcy of National Bank of Anguilla (Private Banking & Trust) Ltd., Bankruptcy Judge Martin Glenn called for legal arguments on whether he has the power to order Eastern Caribbean Central Bank, National Bank of Anguilla and the new National Commercial Bank to answer questions put by William Tacon, the court appointed administrator of the private banking operation. Tacon is in charge of returning money to some 819 depositors with the private bank, an offshore institution that catered to wealthy Americans, including some that "have or had" vacation homes on the tiny island.
