Liquidator pledge to 'vigorously oppose' money laundering convict's application

Tue, Dec 7th 2010, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

A Bahamas-based broker/dealer's liquidator has pledged to "vigorously oppose" two legal applications - one by a convicted money launderer, the other by the Attorney General's Office -that could "put the security of the customers' assets held in the Bahamas in jeopardy".

Clifford Culmer, the BDO Mann Judd accountant, in his eighth report to the Bahamian Supreme Court on the liquidation of Dominion Investments, whose principal Martin Tremblay is serving a four-year prison sentence in the US after pleading guilty to money laundering, said the return of assets the broker/dealer had held in trust for their beneficial owners had ...

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