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September 22, 2023
Local business owner takes aircraft ownership dispute with FTX to US bankruptcy court
NASSAU, BAHAMAS — A prominent Bahamian businessman and charter flight operator is seeking a US bankruptcy court ruling that clarifies the ownership status of two aircraft acquired through financing from FTX via a 'handshake' agreement with its embattled founder Sam Bankman-Fried. Island Air Capital (IAC), owned by Paul Aranha, has filed for relief from the [...]
September 01, 2023
AM Best affirms Royal Star Assurance Ltd's financial strength and credit worthiness
NASSAU, BAHAMAS — Royal Star Assurance Ltd has seen its financial strength and credit worthiness affirmed by the industry's major rating agency. AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of "A" (Excellent) of RoyalStar Assurance Ltd. (RSA) while maintaining a stable outlook. AM Best noted [...]
Closing arguments in rape case
August 31, 2023
Closing arguments in rape case
Both the prosecution and defense in the rape trial of Kevin Cooper Jr. concluded closing arguments yesterday, bringing the trial one step closer to jury deliberations. Cooper, who is in custody, has pleaded not guilty to the charge against him. Both Acting Director of Public Prosecutions Cordell Frazier and defense lawyer Miranda Adderley told the ...
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Rape case nears end
August 29, 2023
Rape case nears end
The rape trial against Kevin Cooper Jr. is expected to come to a close soon. Defense attorney Miranda Adderley closed her case yesterday after calling a prison officer who testified that he saw Cooper and his accuser leave together Arawak Cay walking west on West Bay Street on November 17, 2022. According to the officer, ...
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August 29, 2023
No 'smoking gun' found to stop RCI's PI project, says environmentalist
Atlantis' environmental consultant Eric Carey told reporters yesterday that he could not find the "smoking gun" that would discredit Royal Caribbean International's environmental impact assessment (EIA) for its Royal Beach Club project, that is set to be built on the western end of Paradise Island. Eric Carey, who is the chief executive officer of ONE Consultants, and the ...
August 28, 2023
Growth Matters Series: When companies do well, everyone does well
In today's dynamic world, where opportunities and challenges intertwine, the success of companies goes beyond their bottom lines. When companies flourish, the effects ripple through every aspect of our lives, leading to improved living standards, enhanced government revenue, and a cycle of progress that benefits all.
August 18, 2023
Man accused of rape claims he offered to pay woman for sex
A man accused of rape told a police investigator that he offered his alleged victim $200 for sex, a Supreme Court jury heard yesterday. Police Constable 4027 Percy Leary made the revelation while testifying at the trial of Kevin Cooper Jr. Cooper, who is on remand, has pleaded not guilty at his trial before Justice ...
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August 17, 2023
Deltec Bank: Outlook for second half of 2023 highly positive
Deltec Bank and Trust Limited is poised for "continued growth" and "outstanding performance", said its Chief Executive Officer Odetta Morton yesterday in a statement on the bank's outlook for 2023. "Deltec Bank's historical performance serves as a testament to the hard work and dedication of our talented team, as well as the loyalty of our valued clients and ...
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August 17, 2023
Deltec Bank enters second half of 2023 poised for accelerated client growth
NASSAU, BAHAMAS — Deltec Bank and Trust Limited has released an update on its 2023 outlook, projecting continued growth. "As we head into the second half of 2023, Deltec Bank is strongly positioned for continued growth and outstanding performance," said Odetta Morton, CEO of Deltec Bank. "Deltec Bank's historical performance serves as a testament to [...]
August 16, 2023
Man accused of rape told officer it was consensual, jury hears
A man claimed that he had consensual sex with a woman who accused him of rape, a Supreme Court jury heard yesterday.
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