Lisa Ann Violet’s resignation as VIDIC CEO had 'nothing to do with Bank of Asia'- Premier Wheatley
_0.jpg){kind=logo}
On May 28, 2025, VIDIC, with the intervention of the British Virgin Islands Financial Services Commission (FSC), took the necessary action to shut down the operations of the bank.
It was then revealed that at the time of the bank's closure, five million, thirty-five thousand, nine hundred and forty-seven dollars of public funds were in the government's account there.
A vacancy notice was posted on the government’s website on June 27, 2025, stating, “The Virgin Islands Deposit Insurance Corporation is seeking a qualified person to fill the following position: Chief Executive Officer (CEO) of the Virgin Islands Deposit Insurance Corporation.”
Violet’s resignation had absolutely nothing to do with Bank of Asia- Premier
During a press conference on Friday, July 11, 2025, the Premier said, “Her resignation has nothing to do with the Bank of Asia. Just for clarity, I know that various persons may have intimated one thing or another…her resignation had absolutely nothing to do with the Bank of Asia.”
In fact, Premier Wheatley clarified that discussion about her resignation “predates” the Bank of Asia matter. Mrs Violet was named VIDIC CEO in August 2024.
As it relates to the running of VIDIC’s operations following Mrs Violet’s resignation, Dr Wheatley reassured that VIDIC has a “well-qualified board” with Mr Ian S. Smith as Chairman.
“They have persons who have a full grasp of what is taking place right now, and I know they’ve appointed persons to be able to oversee VIDIC in the interim, but of course they’re going to go through a process of recruiting a new CEO.”
The application period for a new CEO of VIDIC closes on July 24, 2025.
.png)
Follow Us On
5 Responses to “Lisa Ann Violet’s resignation as VIDIC CEO had 'nothing to do with Bank of Asia'- Premier Wheatley”
Are you saying Cabinet made a mistake?