Speaking at the Weekly Post Cabinet Briefing, he said the matter is a live matter and the injunction continues, contrary to one media report.
"I was very, very surprised to see the report in today's newspaper and also to observe the inaccuracy of the report. I have been following up on this matter and in fact I was fully briefed with respect to the matter. There has been no lifting of the injunction with respect to the SIS assets. There has been no dismissal of the matter brought by NGC against SIS."
However, Minister Young said Rain Forest Resorts Limited may be in contempt by action of releasing mortgages.
"I do also understand that the Attorneys may be looking at contempt proceedings because I do understand that Rain Forest, which appears to be a shell company, had certain mortgages over the assets of SIS to a certain tune, those may have been released and discharged which may very well be in breach of the court orders."