News about the Cayman Islands in the Foreign Press

Monday, April 5, 2004

Former Cayman solicitor general now Appeal Judge in Trinidad

PORT-OF-SPAIN, Trinidad – According to Newsday, former Cayman solicitor general, Tobago-born Ivor Archie, has been elevated to the rank of Justice of Appeal from the Tobago High Court bench, to which he was appointed in 1998.

Offshore profits wind up in the Cayman Islands

BOSTON, USA – According to the Boston Globe, from 1995 through 2001, offshore profits of US multinationals grew much more rapidly than profits in the United States. However, two-thirds of profit growth wound up in tax havens, including the Cayman Islands.

Jamaican cocaine baron had secret accounts in Cayman

LONDON, England – The Evening Standard reports that Jamaican Lincoln White, who ran a $300 million international drugs empire in Britain, kept a fortune in secret accounts in the Cayman Islands.  A Scotland Yard source said, “Most Jamaicans involved in drugs keep their money in the Cayman Islands and we will be looking there.’”

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