City & Business: Apology to Sir William Douglas

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The Independent Online
We wish to make it clear that the article in the City and Business section of the 20 June edition of The Independent on Sunday headed "Save the City from insanity", written by Peter Koenig, contained allegations in relation to Sir William Douglas which were wholly untrue.

Sir William Douglas is the former Chief Justice of Barbados and Barbadian High Commissioner to London. He has never been the chairman of Ocean Fund International, nor has he ever had any association with that organisation nor any of the other organisations or persons named in the article. We accept that the article so far as it related to and attributed statements to Sir William Douglas was incorrect and unfounded.

We apologise unreservedly for these errors and for any distress and embarrassment caused to Sir William.