Category Archives: Investigation

Satyam scam: UK and Singapore give response to CBI’s rogatory letters

The Central Bureau of Investigation (CBI) (India) has received a response from UK and Singapore authorities to the Letter of Rogatory (LOR) which concerns the so-called Satyam scam with the company Satyam Computers. According to the CBI official, who decided … Continue reading

Posted in British Virgin Islands, BVI Companies, BVI Courts, Court decisions, Illegal actions, Investigation, Management Fraud, Offshore tax havens, Tax Shelters | Leave a comment

Indian-American businessman charged of concealing bank accounts in India and BVI

An American businessman of Indian origin, Vaibhav Dahake, has been charged by a federal grand jury of New Jersey of trying to conceal undeclared bank accounts in India and in the jurisdiction of the British Virgin Islands. According to the … Continue reading

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Claims against BVI-registered Tongxin International, Ltd. investigated by law firm

The law firm Finkelstein Thompson LLP has started investigation of claims of potential shareholders against the British Virgin Islands-incorporated Tongxin International, Ltd. Filed complaints of shareholders allege the BVI company of failure to accurately report its financial results to the … Continue reading

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Indian Finance Ministry investigates deals in BVI and other offshore jurisdictions

By the information of the Indian press, the finance ministry of the country has begun its investigation into over 100 offshore “financial structuring deals”, undertaken by Indian business entities in offshore jurisdictions to allegedly avoid taxes or pay close to … Continue reading

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Two BVI companies alleged of illegal trading of distributed securities

The executive director of the British Columbia Securities Commission has alleged the two residents of the British Columbia district and two companies registered in the British Virgin Islands of contravening securities laws when they raised money from Canadian and U.S. … Continue reading

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British Virgin Islands-based firm to be investigated by Indian agencies

Indian detectives found the real beneficiaries of a Rs1.25 billion (approximately $27 million) payoff that was made to a British Virgin Islands-based company Park House Holdings Limited for TV rights of the Indian Premier League (IPL)  cricket series. This money … Continue reading

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SFO widens probe into Weavering Fund

UK’s Serious Fraud Office has widened its long-lasting investigation into hedge fund Weavering Capital and British Virgin Islands-registered offshore company Weavering Capital Fund Limited. The very complex investigation, which commenced more than a year ago with the liquidation of Weavering … Continue reading

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SEC announced formal investigation to FUQI International

FUQI International, Inc., a NASDAQ-listed company conducting its business through British Virgin Islands-registered subsidiary FUQI International Holdings Co., Ltd., announced that it was recently notified by the Securities Exchange Commission of a formal, non-public investigation, and has received a subpoena … Continue reading

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DRC President nephew’s BVI companies to sell Congo oilfields

Some months after two oilfields in the Democratic Republic of Congo were sold to the British Virgin Islands-based companies, which are said to be owned by president’s nephew Khulubuse Zuma, it actually became known that he sold his disputed rights … Continue reading

Posted in BVI Companies, Illegal actions, Investigation, Litigation | 1 Comment

U.S. authorities file charges against BVI company

On Tuesday, charges were filed by the state Attorney General’s Office, Pennsilvania, against Brian J. Murray, CEO of the defunct  Murray Insurance Agency and three other persons. They are alleged of insurance pyramid scheme, the accusations against them include criminal … Continue reading

Posted in Frauds, Investigation, Money Laundering, Tax avoidance, Tax fraud | Leave a comment