ST. JOHN'S, Antigua (AP) - Legislators in Antigua and Barbuda gave initial approval Thursday to a measure that would let the government seize property and assets owned by embattled Texas billionaire R. Allen Stanford.
Parliament's lower house passed a resolution to give Prime Minister Baldwin Spencer's administration the power to seize the roughly 250 acres (100 hectares) of land on Antigua that belongs to Stanford's beleaguered financial empire on news of a U.S. fraud investigation of the financier and three of his companies.