Accounts at the Bank of Bermuda and Butterfield Bank were used to launder millions of dollars of criminal proceeds stemming from corruption by former Antigua Prime Minister Lester Bird and his associates, it has been claimed. The Bank of Bermuda account was controlled by Asot Michael, Bird's former Chief of Staff and a current Opposition Member of Parliament, and the Butterfield Bank account was controlled by Bruce Rappaport, an offshore banker who is a former Antigua Ambassador to Israel and Russia and who was once the single biggest shareholder in the Bank of New York, according to the current Antigua Government.
Antigua & Barbuda Articles Bermuda Bribery & Corruption Featured Fraud Money Laundering USAJuly 10, 2006
Bermuda bank accounts at center of Antigua corruption allegations
17 years ago
TopicsAntigua & Barbuda Bermuda Bribery & Corruption Fraud Money Laundering [ 1 more... ] [ top 5 ]
KeywordsAntigua and Barbuda Investment Bank Antigua Public Utilities Company Asot Michael Ayman Hanna Bellwood Services
Bruce Rappaport Butterfield Bank Crabbs Desalination and Power Plant Debt Settlement Administrators Erroll Rhodes Foster Wheeler HSBC Bank Bermuda Ishikawajima-Harima Heavy Industries John St. Luce Josette Michael Lester Bird Michael Rappaport Wachovia Bank Wrenford Ferrance[ 14 more... ] [ top 5 ]