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Cayman Islands police broaden corruption investigation into Premier McKeeva Bush

November 20, 2011 by David Marchant

HIGHLIGHTS

  • Bush allegedly demanded US$750,000 from U. S.-based property developer Stan Thomas to ensure land re-zoning
  • Decision on whether to bring criminal charges against Bush expected within six months
  • Investigation expanded to include Bush's relationship with other foreign business people, say sources
  • Thomas allegedly paid half but refused to pay the balance "out of principle"
The Royal Cayman Islands Police has expanded its investigation into alleged corruption by Cayman Islands Premier McKeeva Bush to include his involvement with other foreign business people operating on the island, OffshoreAlert understands.

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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.