While Jamaicans in the Diaspora and at home who put their monies in investment clubs in the island are still reeling from the sanctions against those institutions, Jamaica’s finance minister is insisting that the Bruce Golding-led government will not bail them out.

Minister Audley Shaw repeated the government’s stance on Tuesday, as the clubs like Olint and Cash Plus fought with the Financial Services Commission in the Jamaican courts.

Shaw said while the government is working tirelessly to ensure that these investment clubs are properly regulated, his administration has not changed its position on the institutions.

The financial clubs which the FSC has called ‘investment schemes’, have been under fire from both government and the Financial Services Commission, for operating without the proper licenses in their business.

However, in a bid to resolve the issue, Shaw’s office ministry has sent a letter to the Attorney General’s office for counsel on any other legislative measures that can be taken to regulate the investment bodies.