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Reagan Pollard,LeBron James USA Jersey, son of People’s Progressive Party Civic, PPP/C Prime Ministerial candidate, ElisabethReagan PollardHarper, involved in a bitter court battle over $700 million owed to the overseas-based LLC Puruni Mining, has failed to file his defense in response to the court action against him, last December.Pollard is now seeking further clarification regarding claims outlined in the matter.According to court documents the money was given to Pollard, a local miner, to be invested in the mining industry, but investors never received the agreed returns.  The investment was subsequently amended to become a loan agreement that Pollard agreed to repay.However,Phil McConkey Giants Jersey, the legal document which was filed last December stated that, Pollard was scheduled to repay US$230,000 by last October but he has either “failed, neglected or refused,” to honour the agreement.The court documents specified that the defendant only issued payments to the tune of US$31,614.On April, I last, the court granted Pollard,Mike Montgomery Cubs Jersey, 14 days to file an affidavit in his defence.  But instead of presenting a response to the action, Pollard through his Attorney, is said to have filed a summons seeking further and better particulars in regards to claims made by LLC Puruni.The matter came up in chambers before Commercial Court Judge, Justice Rishi Persaud,Francisco Lindor Indians Jersey, yesterday.In his representation of the overseas-based investors, Attorney Marcel Bobb,Tommy McDonald Eagles Jersey, told the court that no further clarifications will be given, since all the particulars were already outlined in the statement of claim. He held the defendant must file a response.As a result the matter has been adjourned to May 13. On that date,Nike Cowboys #89 Gavin Escobar Navy Blue/White Throwback Mens Stitched NFL Elite Jersey, Pollard’s Attorney is expected to provide the court with the response.Pollard became embroiled in the court battle over the alleged embezzlement of $700M which was invested by the group of foreign investors, (LLC Puruni Mining), a company incorporated under the laws of Delaware, United States of America.According to court documents on April 17, 2012 Puruni LLC formally entered into a joint venture agreement with Pollard and his company,Jack Eichel Team North America Jersey, Reflex Mining Company Inc., for the purposes of operating a dredge or dredges on Pollard’s mining claims.The investors had agreed to fund the joint venture by providing a loan up to US$3 million but invested a total of US$2.8 million over a period of time.  The deal turn sour after the investors were not receiving the agreed returns from Pollard.Pollard eventually met with the investors who agreed to amend their previous agreement and settle the matter by turning their investment into a loan that he agreed to repay.  This was after the investors threatened legal action against him.A document purporting to be some kind of promissory note was then prepared and signed by Pollard and his mother, Elisabeth Harper, agreeing to honour the commitment to repay the $700M loan with interest,Terry Bradshaw Steelers Jersey, beginning October last year.In the document filed by Boston and Boston,Jason Pominville Jersey, the law firm representing the overseas- based LLC Puruni Mining, given Pollard’s denial to honour his obligations to pay despite repeated requests and demands by the plaintiff, the investors are seeking sum due and payable by the defendant with interest.
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