Category Archives: Investigation

BVI among countries named in new ‘Paradise Papers’ leak

In the end of last week the US-based International Consortium of Investigative Journalists (ICIJ), which released Panama Papers last year, made public the Paradise Papers, a leak containing over 13 million documents being sifted through by journalists in more than … Continue reading

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BVI arm of Mossack Fonseca fined by BVI FSC

The British Virgin Islands Financial Services Commission has fined Mossack Fonseca & Co (BVI) Limited for US$440,000, the largest amount ever issued by the FSC, for the contravention of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI … Continue reading

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British Overseas Territories still playing great role in moving dubious assets

According to investigation newly carried by advocacy group Global Witness, British Overseas Territories, including BVI, can play an important role in facilitating movement of suspect funds into the United States. With a hidden camera, investigators met with 13 NY law … Continue reading

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Liquidators of Kingate funds applied to BVI High Court

The Joint Liquidators of Kingate Euro Fund, Ltd and Kingate Global Fund, Ltd, BVI-based “feeder funds” involved in Bernard Madoff scheme, applied to the High Court of the British Virgin Islands seeking a direction that documents with information regarding investor … Continue reading

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Florida- and BVI-based companies accused of precious metals and commodity futures schemes

The complaint was filed by the US Commodity Futures Trading Commission (CFTC) against Florida-based company Southern Trust Metals, its top executive Robert Escobio, and BVI-based company Loreley Overseas Corp., also led by Escobio. They are alleged of defrauding US$3.5 million … 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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Cohen Milstein Sellers & Toll PLLC started investigation of UTi Worldwide, Inc.

Cohen Milstein Sellers & Toll PLLC announced an investigation of BVI-registered logistics company UTi Worldwide Inc. and some of its directors and officers, to determine whether they made false and misleading statements and omissions, particularly, failed to disclose that there … Continue reading

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Investment fund with businesses in BVI and Hong Kong investigated by HK regulators

Hong Kong regulators have done the raid on Buttonwood Legal Capital, which is the adviser of an investment fund Centaur Litigation, and has registered businesses in the British Virgin Islands and Hong Kong. The Securities and Futures Commission served search … 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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