News about Jean Doucet, former president of bankrupted Interbank, again dominated the front page of The Caymanian Compass, as he was brought back to Cayman and charged with 24 counts under the Larceny Law, including fraudulent conversion of gold bullion. He had been arrested in Monaco and then returned to Cayman under police escort. The story, in the 21 Aug. 1975 edition of the newspaper, said that Doucet was in custody in the George Town Prison, and bail was going to be considered by the court the following day.
The saga of Doucet was also discussed in the Compass editorial, which said that his return to face trial “shows convincingly the Government’s determination to maintain its high reputation as a financial centre and tax haven”. While complimenting the Cayman police on executing the extradition order for Doucet, and noting that the nature of the case necessitated discretion on disclosure of “certain aspects”, it added, “it is absolutely necessary that the authorities take us into their confidence so as to ensure continued cooperation”.
A Bodden Town woman had a narrow escape when a water spout clipped her house. Barbara Oliver was looking at the spout through binoculars, thinking they were very powerful as it looked so close. However, she then realised the water spout was heading her way, so she jumped on the sofa and pulled pillows over her head. Luckily, the damage was minimal as the spout only clipped the side of the house, before heading out to sea again. Left in its wake were overturned trees, ripped chairs and benches thrown into the sea, with debris forced through a 3-inch crack in the sliding doors.
A story on page 6 introduced the new board of directors for the Cayman Islands Chamber of Commerce, shown in the accompanying photo. At the annual general meeting, chaired by Captain Theo Bodden, the outgoing president, secretary Paul Harris also read out the chamber’s financial report for the first six months of 1975.
Related Videos
