SIPT & Sandals Resorts Reach $12M Agreement

January 24, 2013

Special prosecutors in the Turks & Caicos Islands said Sandals Resorts will pay $12 million as part of a probe into corruption, with the agreement involving no admission of liability.

A statement from the Turks and Caicos Governor’s office said: “The Special Investigation Prosecution Team (SIPT) and the Turks and Caicos Islands Government (TCIG) have reached an agreement with Sandals and its directors and officers in respect of the SIPT investigations.

“This agreement is without any admission of liability by the company, its directors and/or officers. It does not however prevent the prosecution of any other persons in respect of any facts and matters.

“The agreement, which involves a payment of USD$12 million to TCIG, is due in part to the co-operation of the company with the United States authorities to a degree that has been acknowledged to be both extraordinary and unique and included the early and voluntary release of valuable evidence that has been shared with the SIPT. That information has materially assisted SIPT’s investigations.”

The statement provided no further details, but Fox News reported that in 2011, Sandals counsel Dimitri Singh said a former senior Sandals officer was linked to “various unauthorized transactions” and said the Jamaica-based resort company was voluntarily cooperating with international authorities probing former islands officials.

So far around a dozen people, including developers and former Turks and Caicos government ministers, have been indicted on corruption-related charges. Earlier this month, British officials said they were starting extradition proceedings for former premier Michael Misick, who was arrested in December 2012 in Brazil.

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Comments (2)

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  1. Verbal Kint says:

    Can we please enlist the help of the US Justice Dept. in the search for evidence of corruption here? Please, if not ongoing?

  2. As you described this agreement is without any admission of liability by the company, its directors and/or officers. It does not avoid the action of any other persons in respect of any facts and matters. This was true and well explained.
    Thanks for sharing!