Renowned Jamaican entrepreneur Roy DeCambre has initiated legal proceedings against the National Commercial Bank (NCB), seeking substantial damages tied to an escrow agreement dispute. The lawsuit, formally lodged in July 2023, involves DeCambre’s companies, National Fuels and Lubricants Limited and Total Jamaica Limited, as the plaintiffs. The contested escrow agreement dates back to January 22, 2004, with DeCambre asserting that NCB breached its terms, leading to significant financial losses. DeCambre expressed confidence in securing a favorable verdict, estimating the damages to amount to billions of dollars. When approached by the Jamaica Observer for comment, an NCB spokesperson declined to address the matter, citing the bank’s policy of not discussing ongoing legal cases.
