Monthly Archives: May 2014

BVI company’s CEO indicted on bribery

The former co-CEO of the British Virgin Islands-incorporated oil and gas company PetroTiger Ltd, Joseph Sigelman, was indicted for playing his role in the paying bribes to foreign government officials and defrauding PetroTiger; he was charged with conspiracy to violate … Continue reading

Posted in BVI Companies, Corruption Scandals, Frauds, Investigation, Unethical business practice | Leave a comment

BVI FSC issued Advisory Warnings related to Ukraine Sanctions

The British Virgin Islands Financial Services Commission has issued advisory warnings, informing that the Ukraine (Sanctions) (Overseas Territories) Orders No. 2 and No. 3 2014 were ratified and extended to the BVI Territory. The first order, ratified on 28 March … Continue reading

Posted in British Virgin Islands, BVI Government | Leave a comment

Cohen Milstein Sellers & Toll PLLC started investigation of UTi Worldwide, Inc.

Cohen Milstein Sellers & Toll PLLC announced an investigation of BVI-registered logistics company UTi Worldwide Inc. and some of its directors and officers, to determine whether they made false and misleading statements and omissions, particularly, failed to disclose that there … Continue reading

Posted in BVI Companies, BVI Company financial problems, Investigation | Leave a comment