Kenneth Rijock

Kenneth Rijock

Friday, September 9, 2016

RAISE COUNTRY RISK FOR ANTIGUA & BARBUDA DUE TO CONTINUING CORRUPTION


Corruption in government continues to be a major problem in Antigua. The government and the judiciary have intentionally delayed the extradition of its former banking regulator, Leroy King, since 2009. King, who was the last participant in Stanford's massive Ponzi scheme, Stanford International Bank, is wanted in the US, but Antigua, which fears that all its senior leadership from that period will be named, as recipients of dirty money, including the man at the top, refuses to obey the rule of law. Unless the US ultimately receives Mr. King, relations between it and Antigua will be permanently damaged.

The Citizenship through Investment Program, which is the sale of passports to wealthy investors, notwithstanding their unsuitability, is a national scandal, and many government officials are now said to have repeatedly taken bribes and kickbacks in that program. Compliance officers, and immigration officials, in North America and the EU, now look carefully at all Antiguan passports.

 In New York, the Federal indictment of an Antiguan ex-diplomat at the United Nations, with ties, again, to senior government officials, and allegations of bribery, meaning reputed payments to the then-Prime Minister, are ignored, and does not result in any action in Antigua.

The vulnerability to money laundering, and other financial crimes, at local financial institutions and money service businesses, reportedly remains high, according to the latest US State Department INCSR report (2016).

The alleged sale, or barter, by government, of National Honors, including Knighthoods, and their subsequent improper use in the United Kingdom, by the recipients, is yet one more national scandal that confirms anything is for sale in Antigua, even royal titles.

Systemic corruption, and deliberate avoidance of the rule of law in the court system, all add up to major exposure, for foreign investors, and even international banks, that decide to do business with, or in, Antigua. Under the circumstances, Country Risk should now be raised to a very high level for Antigua, for the net assessment of the risks involved in the investment of capital, and even conducting routine banking business, are uncomfortably high. Review the facts, and make your own independent determination, but consider carefully the issues shown above, before revising your own calculation of Country Risk.


1 comment:

  1. HOW I GOT MY LOAN (Lexieloancompany@yahoo.com)!!!

    My Name is Nicole Marie, I live in USA and life is worth living comfortably for me and my family now and i really have never seen goodness shown to me this much in my life, As i am a struggling mum with two kids and i have been going through a serious problem as my husband encountered a terrible accident last two weeks, and the doctors stated that he needs to undergo a delicate surgery for him to be able to walk again and i could not afford the bills for his surgery then i went to the bank for a loan and they turn me down stating that i have no credit card, from there i ran to my father and he was not able to help me, then when i was browsing through yahoo answers i came across a God fearing man (Mr Martinez Lexie) who provides loans at an affordable interest rate and i have been hearing about so many scams on the Internet mostly Africa, but at this my desperate situation, i had no choice than to give it an attempt due to the fact that the company is from United State of America, and surprisingly it was all like a dream, i received a loan of $82,000.00 USD and i payed for my husband surgery and thank GOD today he is ok and can walk, my family is happy and i said to myself that i will shout to the world the wonders this great and God fearing Man Mr Martinez Lexie did for me and my family; so if anyone is in genuine and serious need of a loan do contact this GOD fearing man via Email: ( Lexieloancompany@yahoo.com ) or through the Company website: http://lexieloans.bravesites.com OR text: +18168926958 thanks



    ReplyDelete

Note: Only a member of this blog may post a comment.