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BVI claim info on Kochhars destroyed in calamity
David Marchant
Posted: Sunday, May 12, 2019
Joined: 9/13/2007
Posts: 1271


Economic Times: The British Virgin Islands (BVI) has denied the Income Tax (I-T) Department certain account information, saying it has been destroyed in a natural calamity, sources in know told ET. The information pertains to the investigation into Deepak Kochhar, husband of former ICICI Bank chief executive Chanda Kochhar, in the quid pro quo case.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.