Ishwar Galbaransingh and Steve Ferguson

The United States Embassy is expressing its disappointment with the decision by the High Court of Trinidad and Tobago not to allow the extradition of businessmen Ishwar Galbaransingh and Steve Ferguson to the United States to face fraud charges.

This was done via a correspondence which the US Embassy sent to the media Wednesday.

Mr Galbaransingh and Mr Ferguson were first indicted in a Miami Federal Court in 2005 on 95 fraud and money laundering charges.

The charges arise out of alleged bid rigging between 1996 and 2005 on contracts for the Piarco International Airport.

The Embassy noted extradition is a powerful tool for fighting transnational crime and is used by countries all over the world including America and Trinidad and Tobago.

It added the governments of the United States and Trinidad and Tobago have had a bilateral extradition treaty in place since 1996 and have worked together closely to extradite suspects to both countries.

The embassy says that even though they are very disappointed with the outcome of the extradition case they value their relationship with this country and will continue to work with the T&T government on other extradition cases.