The “real financial records” of the Antigua and Barbuda government’s seizure of a megayacht will reveal where the money from the sale went, an attorney for the yacht’s owner contends.
Prime Minister Gaston Browne’s government rejects claims that it withheld records or was anything but transparent, the Associated Press reports, but the network of entities involved raise questions.
Entities expected to receive subpoenas in the $40 million case include “West Indies Oil Co. Ltd., an Antigua-based petroleum storage and distribution company of which the government is a majority shareholder, and Fancy Bridge Ltd., a Hong Kong-based investment firm that owns shares in the oil company, as does Petróleos de Venezuela S.A., known as PDVSA,” according to AP.
