Monthly Archives: May 2009

BVI company initiates probe against Telenor in Ukraine

About a week ago, the Norwegian telecommunications operator Telenor, which is in long-lasting litigation with the British Virgin Islands-registered Farimex, announced that it faced a challenge from it over its holdings in Russian mobile operator Vimpelcom, having initiated investigation by … Continue reading

Posted in Anti Monopoly Legislation, BVI Companies, Litigation | Leave a comment

Two managers of Weavering Capital fund arrested in a probe for its deals with BVI company

On Friday, May 15, Britain’s Serious Fraud Office arrested two managers of the collapsed hedge fund Weavering Capital, which is now investigated in connection with artificial inflation of its value by derivative transactions. Liquidators of Weavering Macro Fixed Income hedge … Continue reading

Posted in BVI Investment Funds, Frauds, Litigation, Offshore investment schemes | Leave a comment

Summary of warrants against BAE Systems and BVI-registered Red Diamond

Further investigation is to be made into the network of companies (including BVI-registered entities) linked to African National Congress , as well as into a great number of industrial offset programmes that have become a good ground for corruption. It … Continue reading

Posted in Bribery through BVI companies, BVI Companies, Corruption Scandals, Investigation | Leave a comment

Joint Provisional Liquidators appointed to BVI funds linked to Madoff company

On May 8, 2009, the Eastern Caribbean Supreme Court in the British Virgin Islands made an order appointing William Tacon and Richard Fogerty of Zolfo Cooper as Joint Provisional Liquidators of the British Virgin Islands-registered funds Kingate Global Fund Limited … Continue reading

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German major truck company accused of bribery through BVI companies

German prosecutors are investigating the case of alleged bribery at German truck maker MAN AG. In connection with this case, more than 100 people are already under investigation, and two were arrested last week. They are alleged to have paid … Continue reading

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Madoff’s case: BVI-registered Plaza Investments named in subpoena to UBS AG

The Swiss bank UBS AG was summoned before the court in connection with the case of Bernard Madoff. This was done by the initiative of the bankruptcy trustee Irving Picard, liquidating Bernard L.Madoff Investment Securities LLC. There were already two … Continue reading

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BVI investment company used to pay 5 million dollars to the Family of former South Korean president

The wife of former President of South Korea Roh Moo-hyun is suspected of being involved in the high-profile corruption scandal, and now is questioned about accepting US$1 mln from a  businessman Park Yeon-cha. Kwon Yang-sook was quizzed on the matter … Continue reading

Posted in BVI Investment Funds, Corruption Scandals, Investigation, Offshore tax havens | Leave a comment