Category Archives: Corruption Scandals

BVI company filed complaint against Ho Chi Minh City officials

The British Virgin Islands-headquartered K.S.T International Holdings Ltd has filed a complaint against Ho Chi Minh City officials for corruption, saying its investment license has been mishandled by the city’s Department of Planning and Investment. The BVI company wants to … Continue reading

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BVI company’s CEO indicted on bribery

The former co-CEO of the British Virgin Islands-incorporated oil and gas company PetroTiger Ltd, Joseph Sigelman, was indicted for playing his role in the paying bribes to foreign government officials and defrauding PetroTiger; he was charged with conspiracy to violate … Continue reading

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Former CEO of PetroTiger Ltd pleaded guilty to bribery

Last week, former CEO of the BVI-registered oil and gas company PetroTiger Ltd pleaded guilty for being involved in paying bribes to foreign government officials and defrauding PetroTiger. The former general counsel of the company pleaded guilty on the same … Continue reading

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Chief Executive Officers of BVI company alleged of bribery

Two former CEOs of the British Virgin Islands-registered oil and gas company PetroTiger Ltd were charged for the alleged participation in a scheme to pay bribes to foreign government officials, to defraud PetroTiger and to launder proceeds of it. Also, … Continue reading

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Tullow Oil sues DRC for passing the rights on two oil blocks to the BVI companies

The UK oil producer Tullow Oil, which has been deprived of the right for two oil blocks in the Democratic Republic of Congo, in September won a temporary injunction in a British Virgin Islands court against the development or resale … Continue reading

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Tajik President’s relative denies links to BVI company

Jamoliddin Nuraliev, the Tajik government official and Son-In-Law of country’s president, has denied any ties to a British Virgin Islands-registered firm Innovative Road Solutions, which is operating the toll road on Dushanbe-Chanak highway, – one of the main roads in Tajikistan.  … Continue reading

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Congo government signs agreement with BVI company bypassing Canadian miner

Vancouver-based copper miner First Quantum Minerals Ltd. is planning to put the issue on one of the worst expropriations in the Canadian mining sector on the agenda to be discussed at the upcoming G20 summit. Its US$765mln Kolwezi Tailing project … Continue reading

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BVI company’s operation of toll road in Tajikistan is said to be illegal

The head of Tajikistan’s Antimonopoly Committee announced that the Innovative Road Solutions (IRS), incorporated in the British Virgin Islands, has no more right to operate the toll road on the 350-kilometer-long Dushanbe-Chanak highway. According to Amonulloh Ashur, the BVI company … Continue reading

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Transactions of BVI company Ample Rich claimed to be taxed

The Revenue Department is planning to claim up to 16 billion baht of taxes from the family of ex-Prime Minister of Thailand Thaksin Shinawatra in a tax case related to the 2006 sale of its holdings in BVI-owned company Shin … Continue reading

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U.S. put hold on export licenses for BAE Systems

Upon investigation made into the network of BAE Systems companies, the U.S. State Department has placed a “temporary administrative hold” on weapons export licenses of BAE Systems or companies using BAE Systems’ products. This came when the BAE pleaded guilty … Continue reading

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