|
Every few years the Cayman Islands receive a battering from the
hurricanes that regularly cut a swathe of devastation through
Central America, the Caribbean and the southern US. There's been
little serious damage in recent years, although 18 months ago
Hurricane Michelle passed not far west of the islands, producing a
storm surge that caused damage along the shoreline of Grand Cayman's
main tourist centre, Seven Mile Beach.
The hurricane that tore across Cayman, its political circles and its
financial community from the courtroom of the territory's senior
judge on January 14 may not have left any physical scars on its
landscape and buildings, but its impact may prove more long-lasting
than that of Michelle, especially regarding the islands'
relationship with the UK, of which Cayman is a dependent territory.
After more than six months of increasingly bewildering proceedings,
Chief Justice Anthony Smellie brought to a sensational end the trial
on money-laundering charges of four former officers of Euro Bank
Corporation, following the admission by Brian Gibbs, head of the
islands' Financial Reporting Unit, that he had destroyed evidence on
the instruction of a UK agency widely presumed to be MI6. |
|
Excerpt: |
According to
the Miami-based investigative newsletter Offshore Alert,
which is widely read in Cayman, Gibbs carried out wire-tapping for
years on individuals with the knowledge of successive Cayman
governors and attorneys-general, but kept secret from elected
members of the government.
Offshore Alert reported that
certificates authorising the monitoring and recording of telephone
conversations were issued by British- appointed governors at Gibbs'
request, and in the late 1990s the monopoly local telecommunications
provider, Cable & Wireless, requested and obtained a commitment from
the governor that it would not face legal liability as a result. The
UK government and Cable & Wireless have declined to comment on the
reports. The newsletter also questions whether Gibbs' relationship
with the UK agency involved passing on information about British
residents suspected of tax offences. |