Monthly Archives: July 2008

Settlement of Class Action against a BVI Corporation

Posted on July 26, 2008 by Mike

On July 15, 2008, a BVI-registered company Qiao Xing Universal Telephone, Inc. announced that on the July 11 US District Judge Denise L. Cote gave the final approval of the settlement of the class action against Qiao Xing Universal Telephone … Continue reading →

Posted in BVI Companies, Class Action, Court decisions | Leave a comment

US Senate Report says that 2 British Virgin Islands corporations were purpotedly used to launder USD 2.2 million

Posted on July 20, 2008 by Mike

According to a Senate Report issued to pierce the secrecy surrounding offshore bank accounts, the big Swiss bank UBS and Liechtenstein Global Trust (LGT), which is run by the royal family of Liechtenstein, might help wealthy individuals avoid paying taxes … Continue reading →

Posted in BVI Companies, Investigation, Offshore investment schemes, Offshore secrecy, Tax Shelters | Leave a comment

Like Siemens, Alstom gets into BVI backed Bribery Scandal

Posted on July 15, 2008 by Mike

Like its German competitor Siemens, a French company Alstom Group is has purpotedly used a bribery system in order to buy contracts worldwide. However, politicians and the media in France have shielded the company. In 1998, long before the corruption … Continue reading →

Posted in BVI Companies, Corruption Scandals, Money Laundering, Unethical business practice | Leave a comment

Norway’s telecommunications company asks court to block BVI company’s lawsuit

Posted on July 7, 2008 by Mike

On June 24, 2008 Norwegian telecommunications company Telenor applied to the U.S. federal court, asking to halt lawsuit brought against it in Russia by British Virgin Islands-registered Farimex Products – a fellow shareholder in Russian mobile operator Vimpelcom. According to … Continue reading →

Posted in BVI Companies, Litigation | Leave a comment