Monthly Archives: November 2008

The U.S. millionaire is to restitute taxes hidden from IRS through BVI-registered companies

The U.S. Court of Appeals for the District of Columbia Circuit announced about a week ago that Walter Anderson, telecommunications entrepreneur who admitted hiding hundreds of millions of dollars from the International Revenue Service (IRS) and tax collectors of the … Continue reading

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Exclusive building in London leased by BVI-registered company taken over by squatters

A six-storey townhouse in Mayfair, which costs £6.25 million and which can take pride of having one of London’s most exclusive addresses by the Upper Grosvenor Street, several weeks ago has been occupied by eight squatters who now plan to … Continue reading

Posted in BVI Companies, BVI company property squatting, Illegal actions | Leave a comment

HK SFC appeals against the High Court decision to discharge injunction against two BVI companies

In the beginning of this month, the Securities and Futures Commission (SFC) of Hong Kong appealed to the Court of Appeal against the High Court decision to discharge an interim injunction obtained to prevent dissipation of assets in the continuing … Continue reading

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Island businessman guilty of £196,000 tax fraud through BVI and Guernsey trusts

After an eight-day trial at the UK Portsmouth Crown Court, an Island businessman of Sudan origin Mohamed Ahmed Elobeid is found guilty of not paying the largest part of taxes from his £400,000 profit, by setting up BVI offshore trust … Continue reading

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Offshore companies donate large sums to Tories, £100,000 given by BVI-controlled entity

Under the current law of UK, overseas businessmen can contribute quite legitimately to the British politics by making donations through their UK-registered parties. The Times has recently  discovered series of donations to the Tories party, in the amounts of £50,000 … Continue reading

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Obama Victory could threaten financial industry in offshore jurisdictions including British Virgin Islands

On November 4, the elections are held in the United States. It is unknown yet who is to be elected as the next president, but it is clear that in any case he will have major impact on global issues. … Continue reading

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