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Topic: B&C Capital Ltd.
Court-appointed liquidators said Tuesday they are seeking to locate millions of dollars invested with a Cayman Islands-registered brokerage once run by a man who was declared a fugitive from the local justice system.
A court petition seeking to wind up a Cayman Islands-registered company once controlled by a man wanted locally on a grievous bodily harm charge was filed last week, after attempts to recover at least $4.8 million in the firm’s assets failed.
A Cayman Islands-registered investment firm whose director was described as a “fugitive” during proceedings of the Grand Court has been ordered wound up in accordance with the local Companies Law.
The pair of stories that lead today’s newspaper not only do damage to Cayman’s image as a transparent and well-regulated financial jurisdiction, but also challenge the substance of that assertion.