Monthly Archives: November 2007

Multipoker.com alleged of using BVI offices to hide revenues from Sweden’s tax authorities

Sweden’s tax authority (Skatterverket) claims that online poker site Multipoker.com owes SEK40 million (about USD$6.38 million) in unpaid taxes; the reason is that, according to Skatteverket, Multipoker’s offices in the British Virgin Islands were only a front, but all of … Continue reading

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Assets of 8 BVI companies frozen at the request of Danone: Escalation of dispute between Chinese and French Group

The dispute between the French Group Danone SA  and its Chinese joint venture partner Wahaha Group some months ago resulted in Danone’s filing legal action against British Virgin Islands company Ever Maple Trading Ltd., and later on with the counter-claim … Continue reading

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Norwegian Hydro Aluminium to pass money through BVI-based intermediary in its deals with the Tajikistan Aluminium company

The state-controlled Norwegian metal producer Hydro Aluminium has been called to public account on the terms of contracts the company signed last December with the Tajikistan Aluminium Plant – Talco. By this contract, Hydro announced it had agreed to sell … Continue reading

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BVI Public Prosecution’s Office brings a suit against Russia’s Telecom Minister

The public prosecutions’ office in the British Virgin Islands has told it has an overwhelming evidence that Russian Telecommunications Minister Leonid Reiman is the main beneficiary of an offshore fund which owns substantial assets in companies regulated by his ministry. … Continue reading

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Legal bid to block Rivkin’s bank records related to his offshore business deals

Some months ago, we have discussed the case of bankruptcy of deceased stockbroker Rene Rivkin, which was connected with his affairs in the UK and in the British Virgin Islands. The BVI company called Derata was named as the sole … Continue reading

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Global banana companies avoid tax burden incorporating in the BVI and other offshore centers

The UK Guardian has revealed that multinational banana companies are using tax haven jurisdictions to avoid paying tax on their profits in the UK and in developing countries. In the course of international investigation into banana firms, it was found … Continue reading

Posted in BVI Companies, Tax planning, Tax Shelters | Leave a comment

BVI-owned Waterworld UK being part of the consortium that received the contract now disputed in Irish court

The Dublin International Arena Limited (Dial) consortium that received the contract to build the €62 mln worth National Aquatic Centre in Dublin now is planning to seek €40 million in compensation from the Ireland government – the amount 4 times … Continue reading

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Large sums of money pocketed by Macau official are traced to the BVI jurisdiction

A trial on the large-scale corruption case took place in the gambling enclave of Macau. Ao Man-long, the secretary of transport and public works whose work was approving land sales to developers, is accused of taking cuts from construction contracts … Continue reading

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19 BVI companies included in the list of 1.5 million assets owned by the family of Benazir Bhutto, former Pakistani Prime Minister

In accordance to information given in the Pakistani press (“The News”), details of the assets $1.5 billion worth (almost Rs 90 billion) supposedly owned by Benazir Bhutto and her family are now under wide circulation through the electronic mail service. … Continue reading

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Stock speculator claims his involvement in establishing two BVI funds used to revive NOVA Corp.

Haruo Nishida, a stock speculator arrested for alleged market manipulation, has claimed to have been involved in the setting up of the two funds based in the British Virgin Islands, which the ex-president of NOVA Corp. Nozomu Sahashi had been … Continue reading

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