Antigua and Barbuda is set to revoke the knighthood it gave Texas financier Allen Stanford, who is awaiting trial on charges he operated a $7 billion fraud using his bank on the twin-island Caribbean nation. Antigua and Barbuda's Labour, Public Administration and Empowerment Minister Jacqui Quinn-Leandro, who chairs the country's National Honours Committee, said on Monday a recommendation to strip Stanford of the knighthood had been sent to Governor General Dame Louise Lake-Tack. "We've heard the cries of the general public about the honour being brought into disrepute," Quinn-Leandro said in comments quoted by the Caribbean news agency CANANEWS after an independence day ceremony in the former British colony. "Sir" Allen Stanford received the knighthood conferred by Antigua and Barbuda's government in 2006, at a time when he was the tiny Caribbean country's biggest foreign investor and a major sponsor of cricket and other sports in the region. In February, his financial empire collapsed after he was accused by US investigators of using his bank on Antigua and Barbuda to orchestrate an alleged $7 billion Ponzi scheme.
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