The Barbados High Court has been asked to help settle an international legal battle over $5.2 million believed to be in a local commercial bank account. According to Daily Nation investigations, for the last few months Canadian real estate and investment company Homburg Invest Inc. (HII), represented by Barbadian law firm Elliott D. Mottley & Co., has been engaged in court action here after tracking what it called “diverted funds” that originated in Colorado, United States, were transferred to Nova Scotia, Canada, and ended up in Bridgetown, Barbados. More than four years ago, HII and several associated companies filed and obtained protection from creditors under Canada’s Companies’ Creditors Arrangement Act. The operations of HII and the others have subsequently been overseen by court-appointed monitor Samson Belair/Deloitte & Touche Inc. Now, according to a series of reports issued by the monitor, in addition to recent Barbados court documents, much attention is being paid to the “US$2.6 million” said to have been “diverted” here from North America. Read more.