Republic Bank (Guyana) Limited pulled its advertisements from Kaieteur News on Tuesday insisting that the newspaper retract and apologize for two articles published last month.
According to the bank, in a letter dated February 9, Kaieteur News has failed to fulfill a number of requests.
The demands by the bank were sparked by two articles that were published about the bank on January 6 and January 7, last. Republic Bank objected to the publications claiming that its reputation was harmed.
The bank was granted an interim injunction blocking the newspaper from repeating the contents of the report until the outcome of a court hearing. The bank had also moved to the courts seeking damages
In the letter Tuesday, the bank referred to a letter its lawyers, Cameron and Shepherd, sent on January 8, 2016 to Adam Harris (Editor-in-Chief), Glenn Lall (Publisher) and Kiana Wilburg (Reporter). The lawyers also made demands on behalf of the bank.
“Regrettably, to date the requests made on behalf of the bank have not been fulfilled. In particular you have failed to retract the articles published, issue an unequivocal apology and give an undertaking not to publish any further articles relating to the matter except the apology and retraction.”
The bank, in the letter signed by its Managing Director, Richard Sammy, said that it is highly unfortunate especially since its lawyer was keen to clarify any possible misunderstanding that may have existed.
“In light of the foregoing, the bank has taken a decision not to place any advertisements in the Kaieteur News until such time as the abovementioned conditions are satisfied. It is our hope that the company would give serious consideration to the requests made on the bank’s behalf, which, once done will allow us to resume placement of our advertisements,” Sammy urged.
This matter has already attracted the attention of the courts.
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