Cayman Net News Online: Issue No. 573 Friday, 16 January 2004

Issue No. 573 Friday, 16 January 2004

Cheats Revealed

Court papers filed in Italy recently reveal how Parmalat, Italy's largest food company, deliberately disguised the real purpose of a fund set up in the Cayman Islands. In November, Parmalat told investors for the first time that it had invested some US$600 million in a hedge fund named Epicurum, domiciled in the Cayman Islands. Parmalat also said in a conference call on 14 November that it had made money on a derivatives contract with Epicurum... read more...

Stingray City Safety Fears

Visitors to Cayman's biggest tourist attraction are in grave danger of being injured if overcrowding continues at Stingray City and the Sandbar, according to boat operators. "Stingray City and the Sandbar is an accident waiting to happen," said Captain Bryan Ebanks from Captain Bryan's Sail and Snorkel, "all you need is a busy day with lots of boats and high winds and someone is going to get seriously injured." Captain Bryan believes the problem isn't over-crowding, it's management... read more...

Aeroplane In Landing Drama

Emergency services were standing by on Wednesday afternoon at Owen Roberts International Airport following reports that a private passenger aircraft experienced trouble shortly after taking off from Grand Cayman... read more...

UDP Leader Reportedly Sticking To His Decision On PPM Chairman

Hon McKeeva Bush apparently is standing firm on his decision to bar PPM Chairman Anton Duckworth from attending meetings of the Private Sector Consultative Committee on behalf of the Society of Trust and Estate Practitioners, Mr Duckworth said during a press conference on Wednesday... read more...

Two men in hospital following car crash in Cayman Brac

Late Monday evening another pair of young Brackers was injured in a single car crash on a quiet stretch of road. At about 10:30 pm sirens blared through the quiet night alerting the West End residents on the south side of the island to the accident. The two young men, Manix Scott and Marcus Scott, were driving a white Honda... read more...

Caymanian of the Week - Aphine Lindo

Working at Brittany's Black Coral near the waterfront in George Town gives Aphine Lindo the chance to meet cruise ship passengers, whom she appreciates, she says, "because if it wasn't for them, the Island wouldn't be built up that way it has been." Although she has a strong Christian faith, Aphine says that she is not a 'denominational' person. "It's only God I give the praises to, not to man," she says... read more...