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Finance and Business
Skelton-Cline threatens to sue anyone making corruption allegations against him
ROAD TOWN, Tortola, VI – Former Managing Director of the BVI Ports Authority Claude O. Skelton-Cline has vehemently denied any links to corruption on his part in the execution of the Cruise Pier Development Project and threatened to sue anyone making such allegations against him.
Gov’t cannot play politics @ my expense- Claude O. Skelton-Cline
ROAD TOWN, Tortola, VI – Former Managing Director of the BVI Ports Authority Claude O. Skelton-Cline last evening April 12, 2016 said at a press conference that he wants two things – his good name back and his “reasonable expectations” to be fulfilled as a former National Democratic Party (NDP) “soldier”, and hence his move to the courts seeking redress for his contract not being renewed.
Premier Smith being disingenuous on Global Water – Hon Julian Fraser RA
ROAD TOWN, Tortola, VI – Leader of the Opposition and Chairman of the Virgin Islands Party (VIP) Honourable Julian Fraser RA has slammed Premier Dr The Honourable D. Orlando Smith for his comments on Global Water suing the Government because of the VIP allegedly failing to meet its obligations under the terms of a 2006 agreement.
Premier Smith yields to UK pressure on Beneficial Ownership Register
ROAD TOWN, Tortola, VI – With the Panama Papers scandal casting a negative light on the Virgin Islands and the UK continuing to put pressure on its overseas dependencies to open up access to Beneficial Ownership Information even while British PM David Cameron faces harsh criticisms and protests against his involvement and benefiting from the offshore industry, Premier and Minister of Finance Dr The Honourable D. Orlando Smith has yielded and signed Exchange Notes on Beneficial Ownership Information.
Premier Smith commends former PS Willock for defending territory
ROAD TOWN, Tortola, VI – Premier and Minister of Finance Dr The Honourable D. Orlando Smith has commended former Permanent Secretary in the Ministry of Communications and Works Mr Julian Willock for his robust defense of the territory’s financial services sector against a hostile BBC journalist who interviewed him on the revelations of the Panama Papers and its effects on the Virgin Islands.
No sale of property just to recover interest & balances- Ryan L. Best
ROAD TOWN, Tortola, VI- Scotiabank BVI Branch Manager Ryan L. Best said the bank is obligated to obtain a fair market value or as close to it as possible when foreclosing on a property for want of outstanding payments and warned persons hoping to cash in on a 'giveaway' at an auction that it's not going to happen.
FSC has commenced investigation on Panama Papers allegations! - Premier Smith
ROAD TOWN, Tortola, VI – Premier and Minister of Finance Dr The Honourable D. Orlando Smith today April 8, 2016 announced that the Financial Services Commission (FSC) has commenced an investigation into the Panama Papers leak and the allegations being levelled against the Virgin Islands with regard to "dirty money" and tax evasion.
Court rocked by limited space, storage, money, old & crumbling buildings-Smith-Penn
ROAD TOWN, Tortola, VI- Beside many Virgin Islanders believing that the judicial system is just like the political system, allegedly corrupt and out of touch, there are other vexing issues faced daily by officers of the Legal system.
Hillary Clinton ties emerge in Panama Papers
THE DAILY CALLER
A billionaire and a Russia-controlled bank named in the Panama Papers have links to Hillary Clinton through two separate lobbying efforts — one through a Clinton-connected lobbying firm and another through Sidney Blumenthal.
Staying silent will not help us – Hon Julian Fraser RA
ROAD TOWN, Tortola, VI – In the wake of the fallout following the leak of the Panama Papers, Leader of the Opposition Honourable Julian Fraser RA (R3) said while the characterisation of the territory as parasites living off the offshore monies of the rich is an unflattering one, staying silent will not help the situation out.
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