RAISE COUNTRY RISK ON ANTIGUA AND BARBUDA DUE TO GASTON BROWNE §1782 CASE

This week's filing of a Notice of Appeal against Antigua Prime Minister GASTON BROWNE, from the decision in the §1782 Antigua corruption Discovery application proceeding, is a direct attack upon Browne, and his corrupt management of his country. The intent of the appeal, filed by a Russian billionaire, is obviously to publicly reveal the extent of Browne's corruption, and that of his immediate family, political associates, and other Politically Exposed Persons linkedit him. The case will serve to showcase the rampant corruption that has infected Antigua, of the ruling Antigua & Barbuda Labour Party, which forces foreign investors and businessmen to pay obscene bribes and kickbacks to government officials. The fact that Browne is having the Antiguan Treasury pay six and seven figure legal fees in what is surely a personal matter is evidence of serious misconduct and malfeasance in office.

Therefore, given that the case will continue to expose the continued financial and legal mistreatment of foreign nationals, committed out by the Browne government, it is prudent to raise Country Risk on Antigua & Barbuda at this time. Compliance officers at international banks whose customers are engaged in, or intend to engage in, investments or commercial transactions, and who are tasked with the assessment of Country Risk, are urged to consider reevaluating Antigua at this time. Prospective investors are cautioned to secure enhanced due diligence before transferring any sums into Antigua, until and to seek the counsel of their financial or legal advisors if they have already funded projects there. Govern yourselves accordingly.