Monthly Archives: January 2010

Nevada gubernatorial candidate to receive illegal donation from BVI company

The former North Las Vegas mayor Mike Montandon, who is now the governor candidate of Nevada from Republicans, last year received a $10,000 campaign contribution from the British Virgin Islands-registered company Forich Group Ltd. This BVI company is an affiliate … Continue reading

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Kaupthing bank sued by BVI- and Guernsey-based companies linked to property magnates

Companies linked to the property magnates Robert and Vincent Tchenguiz have filed creditors’ claims ¬†against the Icelandic bank Kaupthing. ¬†The entrepreneurs lost a substantial part of their wealth when the bank suddenly collapsed in October 2008. In summer 2008 Robert … Continue reading

Posted in Litigation, Unethical business practice | Leave a comment

Trustee appointed for Trio Capital Management

Corporate regulators appointed a trustee for an Australian-based Trio Capital Limited, believing US$47 million of its assets have been invested in a company registered in the British Virgin Islands. It is advised by the new trustee to make assessment of … Continue reading

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Situation with Portsmouth club purchased by Al Faraj’s BVI company remained uncertain

Ali Al Faraj, the owner of the Portsmouth club affected by crisis, had cancelled his plans to appear in the UK for the first time since the takeover which took place in October 2009. The Portsmouth club is challenging the … Continue reading

Posted in Frauds, Investigation, Takeovers, Tax avoidance | Leave a comment

ASIC reveals new details on Trio Capital’s investments into BVI company

The Australian company Trio Capital, whose hedge fund known as Astarra Strategic Fund made $118 million investments through the British Virgin Islands-registered company EMA International, could not provide detailed information about the assets repatriated to overseas hedge funds. By words … Continue reading

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BVI company’s offer separated the board of Midwinter Resources

Shareholders of the Australian-based exploration company Midwinter Resources have called a meeting which will take place next month and during which former company’s chairman Jonathan O’Callaghan – now the non-executive director – will be probably ousted from the board. This … Continue reading

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