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May 3, 1999

First International probed: Mitchell orders offshore bank investigation after US complaints

Intro:
 
GRENADA has called on a crack team of investigators to look into the operations of the offshore financial house First International Bank.

Prime Minister Keith Mitchell asked the Federal Bureau of Investigation and the British Intelligence Unit to investigate the bank, following a US newspaper report.

An article in the Miami-based finance/business newsletter Offshore Alert claimed that the bank was attracting millions of dollars in deposits to a Grenada-based stock exchange under false pretenses.

 
 
 

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