Monthly Archives: July 2008

Settlement of Class Action against a BVI Corporation

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

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

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

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Like Siemens, Alstom gets into BVI backed Bribery Scandal

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

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

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

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