Vol. 34 No.217
       ©2007 Marianas Variety
Wednesday, January 17, 2007 www.mvariety.com
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Subpoena for PSB receiver to appear at House JGA committee hearing

By Nazario Rodriguez Jr.
Horizon news staff

Delegate Kerai Mariur, chairman of the House committee on judiciary and governmental affairs, issued a subpoena to Kaleb Udui Jr., receiver of Pacific Savings Bank, for him to appear in today’s committee hearing.
A copy of the subpoena duces tecum was issued on Jan. 2 but it was only yesterday that it was released to media.
Mariur ordered Udui to appear at 10 a.m. before the JGA committee to answer questions regarding deposits and withdrawals made to and from Pacific Savings Bank.
The committee also ordered Udui to bring list of all accounts, including savings, checking and timed deposits and told him to have a separate listing of accounts for individuals, corporations, state and national government and its agencies.
The committee also wants a detailed breakdown of withdrawals made between the months of May, 2006 and November 7, 2006 as well as a detailed breakdown of all names and accounts closed within the months of May 7, 2006 and Nov. 7, 2006.
The committee also ordered Udui to bring bank journal or ledger containing names of persons who withdrew or closed their savings, checking or broke their timed deposits between May 7, 2006 and November 7, 2006 as well as supporting documents in their original format.
Mariur stressed that failure to comply with the subpoena duces tecum may be deemed in contempt of the OEK and punishable by a fine of nor more than $1,000, or imprisonment for not more than one year or both.