Monthly Archives: June 2008

Qatari royal alleges Barclays of $78m fraud

A billionaire sheikh, senior member of the Qatari royal family, raised legal claims in the Spanish court against Barclays bank, over an alleged fraud in the amount of €50m ($70m). It is said that the fraud took place in the … Continue reading

Posted in BVI Companies, Frauds, Litigation, Management Fraud | Leave a comment

Russian shareholders of TNK-BP file legal action against BP

The four co-owners of the BVI-controlled joint venture TNK-BP with British oil company British Petroleum (BP) plan legal action to deprive BP-nominated directors of their powers. The deadline for reaching agreement in the course of this long-running dispute passed on … Continue reading

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Skatteverket’s measures against tax avoidance included negotiations with BVI and other tax havens

Sweden organized co-operation with the neighbor countries to put more pressure on tax havens and make them loosen their secrecy laws allowing people to avoid paying Swedish taxes. The Copenhagen-based Nordic Council has been negotiating with several jurisdictions which have … Continue reading

Posted in British Virgin Islands, Offshore investment schemes, Tax planning, Tax Shelters | Leave a comment

BVI-based Riqueza alleged to play the main role in Opes Prime operations

British Virgin Islands-registered company Riqueza operating in Singapore is probably involved in the activities of the director of the collapsed stockbroking firm Opes Prime, Anthony Blumberg, who may be linked to accounting irregularities and questionable loans at the failed firm. … Continue reading

Posted in BVI Companies, Unethical business practice | Leave a comment

Legal conflict between BVI-controlled Firepower and its sponsored teams

In November 2007, an international auditing firm KPMG refused to deal with the operations of the  fuel additive company Firepower. The documents lodged with the Australian Securities and Investments Commission revealed KPMG “withdrew consent” to act as a registered office … Continue reading

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