Portofino Resort- Now with a new BEACH BAR!!
Topic Options
#429148 - 01/31/12 03:11 PM BBC Puts Lord Ashcroft Under Scrutiny
Marty Offline
And while Lord Ashcroft has played that role in tiny Belize, consider also that he's done pretty much the same in the UK - a G-8 country, where the BBC describes him as "probably the biggest political donor in British history."

And that prominence has brought him a renewed dose of bad press in that country. There is a compelling story being reported tonight by the BBC in London. It's about Lord Ashcroft and connects him to a company well known in Belize, Johnston Construction which suddenly closed down in 2010.

Johnston rose to prominence during the last two terms of the PUP, building the Marine Parade Boulevard in Belize City, the Orange Walk Bypass, The Los Lagos Community, the San Pedro Pier, the ITVET buildings in Stann Creek and Cayo and - in private work - has built The Radisson Fort George, Banyan Bay Resort in San Pedro, and the Belize Bank headquarters, to name only a few.

Anyone with any depth of experience in Belize will know that Johnston was a part of the Ashcroft Alliance, but in the web of companies, no one could say for sure who owned it.

But, the BBC's PANORAMA - an investigative news programme - reported earlier tonight that Lord Ashcroft "misled the stock market and the media about his links with that company. He publicly declared that he sold the firm in 1999, and claimed to have no 'economic, beneficial or legal interest' in the firm."

But after a two year investigation, PANORAMA obtained evidence which shows that Ashcroft continued to secretly control the company long after that date.

Panorama has spoken to 14 former employees, who all say they were told, long after 1999, that Lord Ashcroft was their boss. Producers for the programme also got their hands on dozens of faxes that were sent to Lord Ashcroft by Johnston's chief executive after the 1999 sale.

The BBC reports that they cover a seven year period and were all addressed to "MAA" - presumably, Micheal A. Ashcroft. The programme also reports that Lord Ashcroft then wrote his instructions on some of the faxes and sent them back. The company collapsed in debts of 19 million pounds with workers saying they weren't properly compensated.

Ashcroft's lawyers have told PANORAMA that Lord Ashcroft did not have any kind of interest in the ownership of the Johnston group of companies.

Channel 7


Top
#429173 - 01/31/12 06:51 PM Re: BBC Puts Lord Ashcroft Under Scrutiny [Re: Marty]
Katie Valk Offline
This is a serious mess for Ashcroft, as Johnston is involved up to their necks in the corruption in Turks and Caicos, when the Brits had to take back the helm of the country and expel the Premier. Take a look at the Premier's house, built by Ashcroft/Johnston as a gift so he could have free reign in the banking and resort biz in T&C.
_________________________
Belize based travel specialist
www.belize-trips.com
info@belize-trips.com

Top
#429229 - 02/01/12 02:13 PM Re: BBC Puts Lord Ashcroft Under Scrutiny [Re: Marty]
Marty Offline

Panorama Delves Into Ashcroft's Corporate Concatenation

Last night we told you about the BBC Programme Panorama that aired on Monday night in the UK. It alleges that Lord Ashcroft misled the stock market and the media about his links to a Johnston International which operate din Belize and other Caribbean countries. Ashcroft reported that he had cut all links to that company - and his attorneys maintain that those ties remain severed.

But Panorama says it has proof - testimonies of former employees and fax messages sent form Johnston to Ashcroft and recovered with his writing on it.

And while that is one thing, what's noteworthy to us is the trail of companies that Panorama producers had to investigate to get to the bottom of Ashcroft's business affairs - a search which led them right to Belize - but still provided few answers. Here's a small excerpt of the show.

We note that Government's legal counsel have had to do similar searches in offshore registers to sift through the deck of companies with interests in Telemedia, SPEEDNET and Channel 5.

The full episode of Panorama airs after tonight's news on Channel 7.

Channel 7


Top
#429626 - 02/05/12 01:58 PM Re: BBC Puts Lord Ashcroft Under Scrutiny [Re: Marty]
Marty Offline

The mystery of Lord Ashcroft and the paradise island business empire

Fresh revelations have raised a series of questions about the links between the former Conservative deputy chairman Lord Ashcroft and a company responsible for luxury projects across a string of islands


Lord Ashcroft insists he has had no interest in Johnston International since he sold it in 1999. Photograph: Steve Back / Rex Features

The company no longer exists and little is known about it in the Westminster village. Yet who controlled Johnston International, which won building contracts across the Caribbean worth tens of millions of pounds, has triggered awkward questions for the Tories, and above all for their major donor, Lord Ashcroft.

The Tory peer, who has given the party more than £10m, is spending a small fortune on lawyers and spin doctors to deal with inquiries about his relationship with Johnston, whose interests before it collapsed with debts of $30m stretched across Belize, the Turks and Caicos Islands, Barbados, and Trinidad and Tobago.

The company, and its relationship with politicians in the Turks and Caicos Islands, a British overseas territory, plays a central role in a libel action being brought by Ashcroft against the Independent newspaper.

A BBC Panorama investigation, broadcast last Monday, suggested that the Tories' former deputy chairman had misled the stock market about his links to the firm.

And now an investigation by a court-appointed liquidator into the relationship between Johnston's parent company, a plethora of interlinked companies and Ashcroft's British Caribbean Bank (BCB), is raising as many questions as it answers. Even MPs are taking an interest in an obscure company that only a few weeks ago they had never heard of.

Last Wednesday, at Prime Minister's Questions, the Labour MP Thomas Docherty asked: "Can the prime minister guarantee that Lord Ashcroft has now told the whole truth about his connections with the building company Johnston International, or is it yet again one rule for the prime minister's rich friends and another rule for everyone else?"

Johnston was already under scrutiny even before it collapsed in 2010, leaving its employees with unpaid wages.

A government inquiry examining allegations of systemic corruption in the Turks and Caicos Islands heard that the firm built Belview, a luxury waterfront mansion, for the islands' former premier, Michael Misick. The inquiry heard that to pay for his mansion, Misick, who was forced to resign in 2009 and is now battling multiple corruption allegations, all of which he denies, took out loans of almost $5m (£3.2m) from a Johnston subsidiary. The loans were then consolidated into a further loan taken out with BCB.

In 2009, at the end of the corruption inquiry, its chair, a former lord justice of appeal, Sir Robin Auld, published an official report that placed Johnston under further scrutiny.

Auld suggested that the awarding of "major construction contracts" on the islands could be a potential line of inquiry for the authorities including those "awarded to Johnston International for two new Turks and Caicos Islands hospitals, said to have been overpriced and awarded without any appropriate tender process with an initial budget of $40m and costs to date of $125m".

Auld was at pains to stress his inquiry had found no evidence to confirm any of the contracts were corrupt – only that they might be worthy of investigation.

The contracts were awarded by a Canadian healthcare company, and lawyers for Ashcroft insist that Johnston had no direct contact with the islands' government over their allocation. Ashcroft has insisted that he has had no "economic, beneficial or legal interest" in Johnston since he sold it in 1999.

However, internal company documents obtained by Panorama show that Johnston's chief executive, Allan Forrest, regularly reported to Ashcroft. One fax from Forrest to Ashcroft read: "Dear Michael, a short note to thank you for the salary increase. Much appreciated." Another, written after Forrest visited Belize, where Ashcroft made much of his money, refers to Johnston's parent company, Oxford Ventures, an obscure business based in the British Virgin Islands, a tax haven. Forrest wrote: "The perception in Belize is that you are still in full control of Oxford's assets (which you are of course)."

There is a growing belief in the Turks and Caicos Islands that Helen Garlick, an experienced lawyer who is leading a special investigation and prosecution team in the islands, will seek to question Forrest, who was also director of Oxford Ventures when it went into administration at the same time as Johnston.

A forensic accountant, appointed by the British Virgin Islands' supreme court to trace Oxford's assets, said he would be seeking answers from the Ashcrofts in light of the Panorama investigation.

"I would like to talk to Lord Ashcroft," said Chris Johnson of insolvency experts CJA Associates Ltd. "We have seen the faxes [from Forrest to Ashcroft in the Panorama programme]. I would like to ask questions of anybody who has a relationship with Oxford in my duties as the official liquidator."

In what could prove a significant development, Johnson said last week that he had obtained a court order in the Turks and Caicos Islands allowing him to request documents held by Ashcroft's BCB banking empire relating to Oxford and its collapse.

"Legally, this enables me to seek information and to ask people for explanations," said Johnson, whose investigation is examining the role of another director of Oxford, an anonymous British Virgin Islands' firm called Northtown. The company is a former director of Bearwood Corporate Services, the business through which Ashcroft has donated millions to the Tories and which was investigated – and cleared – of making illegal payments to the party by the Electoral Commission.

An organisational chart obtained by the Observer suggests Oxford may be the ultimate parent company of as many as 40 businesses and that Northtown is the director of 20. The chart reveals Oxford Ventures' sprawling empire is byzantine, stretching across tax havens including the Cayman Islands, Belize and the British Virgin Islands to countries including Kuwait, the UK, Mexico and Canada.

Ashcroft's exact relationship with Johnston remains unclear. In 2010 the company told the Observer through its lawyers: "Lord Ashcroft has had no interest (whether legal, beneficial, economic or managerial) since 1999 when Johnston was the subject of a management buyout from a public company, which was disclosed fully."

Ashcroft's relationship with Johnston came under further scrutiny in court last week. The peer is pursuing a libel action against the Independent's former publisher for a series of stories examining how the company benefited from a property boom in the Turks and Caicos Islands, where the peer is a "Belonger", a citizen entitled to certain privileges. He has built a school on the island, donated to charity and is credited with delivering much-needed jobs.

David Price, defending the paper, said that "what is being stated" about Ashcroft is "that he funded this boom, he constructed this boom, through Johnston, knowing this boom was being created through systematic corruption".

Price continued: "He [Ashcroft] is not the corrupter. The corrupter is Michael Misick."

In a letter to the Observer, lawyers for Ashcroft, who is the founder of the Crimestoppers charity and has pledged £5m to the construction of a new yacht to be used by the royal family, declined the paper's request for him to clarify his involvement with Johnston.

However, his spokesman insisted Ashcroft had "no involvement" in Johnston's "day-to-day management and the implication that it remained his company is completely wrong".

The focus on Ashcroft's Caribbean business interests comes as the peer conducts a government review of UK military bases in Cyprus. Ashcroft, whose companies have provided private jet and helicopter flights to several Conservative cabinet members, including the prime minister, David Cameron, was given the role after renouncing his status as a "non-dom". The peer's shock admission before the last election that he was someone who did not have to pay UK tax on his overseas business interests prompted a furore and embarrassed Cameron.

Now, as politicians, lawyers and liquidators seek answers over Ashcroft's relationship with a collapsed Caribbean construction company, those same business interests are once again under acute scrutiny.

ASHCROFT CV

■ Born in Sussex in 1946, Michael Ashcroft was brought up in British Honduras, now Belize. His wealth is estimated at £1.3bn.

■ Ashcroft was appointed Conservative party treasurer in 1998 by the then leader William Hague and remained in the role until 2001.

■ In 2000 he was admitted to the Lords as a Conservative working peer after promising to become a permanent tax resident of the UK. In the same year he was knighted for public service to Belize.

■ He was deputy chairman of the Conservative party from 2005 to 2010.

SOURCE

Top
#429707 - 02/06/12 05:16 PM Re: BBC Puts Lord Ashcroft Under Scrutiny [Re: Marty]
Marty Offline

Puppetmaster Cashcroft aims for bigger prizes (A Pirates of the Caribbean Update):
Our Lord Cashcroft, (who has given the Tory Party coffers more than £10m and aided the rise of buddies Old Haig and PM Cameroon in particular), is spending a small fortune on lawyers and spin doctors to deal with inquiries about his relationships with companies in the Caribbean. HM Revenue and Customs would rather he paid them what is owed to them!

There are questions to be asked about a Construction company that won prestigious contracts against the odds (notably Sticky Micky's lair, The Mini White House), and whose interests before it collapsed with debts of over $30m stretched across Belize, Cayman, the Turks and Caicos Islands, Barbados, and Trinidad and Tobago.

Also there is a prominent Caribbean bank which was transferred within the Cashcroft family to seemingly remove Our Lord from direct control. They have now been asked to hand over documents!

It is coming to light that the Puppetmaster couldn't stop faxing, eing and tweeting his direct instructions to those he left behind. But some of them who were tangled in his strings are finding that not all his "instructions" have been shredded or deleted!

CLICK HERE for the rest of this story by The Spoof


Top

Links
Click for excellent scuba lessons with Elbert Greer!


Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
Love FM
The Reporter
Caye Caulker
Chronicles

PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
iTravel Belize
Paradise Theater

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lil’ Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
December
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Who's Online
0 registered (), 22 Guests and 6 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,672 Registered Members
44 Forums
64,016 Topics
462,196 Posts

Most users ever online: 1,262 @ 06/10/07 07:16 PM




AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.