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PwC wins battle over liquidation of alleged fraud
A huge battle over who should wind-up an alleged multi-million dollar fraud, a case that has embroiled a BISX-listed company, has ended with the Supreme Court appointing a combination of PricewaterhouseCoopers (Bahamas) and the US receiver as liquidators.
100 farmers hit through tobacco grow 'scrapping'
Up to 100 farmers could be impacted by a Bahamian cigarette manufacturer’s decision to “scrap” its Andros tobacco growing plan, its chairman telling Tribune Business that conventional agriculture will also take a hit.
'Major concern' over BISX listed firm's $5m prefs
The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.
$358m penalty for fraud with Bahamas 'alter ego'
A US judge has imposed a $358 million fine on the perpetrators of an alleged multinational fraud that he found employed a BISX-listed firm’s subsidiary as its “alter ego”.
'Severely hampered' over legal action against Alliance
Liquidators for an alleged multi-million dollar Ponzi scheme have been “severely hampered” by a lack of financing in their efforts to recover a $5 million investment, and pursue legal action, against a BISX-listed company’s main affiliate.
New Legend, New Susan Chase and Xena victorious
53RD ANNUAL LONG ISLAND REGATTA IN SALT POND
The 53rd annual Long Island Regatta was held over the weekend in Salt Pond, Long Island and was dubbed a tremendous success.
Receivers set aside $3m for Baha Mar preferential claims
Baha Mar’s receivers have set aside $3 million to pay potential preferred creditors of 17 companies that formed the ownership structure created by original developer, Sarkis Izmirlian.
Commission forces Benchmark into broker 'guarantee'
BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.
D’Aguilar: Govt 'living in a dream world' over Bahamian contractor payout
THe Government is “living in a dream world” if it believes that Bahamian contractors will be paid the $74m owed collectively for work carried out on the $3.5 billion Baha Mar development, a former Baha Mar director said yesterday, asserting that “no buyer” except the original developer is interested in seeing them paid.
Boozer scores 19, Bulls beat the Heat 96-86 in overtime
By ANDREW SELIGMAN AP Sports Writer CHICAGO (AP) -- CJ Watson scored 16 points, including the game-tying three-pointer at the end of regulation, and the Chicago Bulls pulled away in overtime to beat the Miami Heat 96-86 last night. Carlos Boozer led the B
$25k prize to break vaccine hesitancy
PEOPLE who receive their first vaccination shot between December 13 and December 31 will be eligible to win a $25,000 cash prize.
Atlantis eyes 10% growth in rates
THE Atlantis resort expects to be at full occupancy for Thanksgiving weekend with bookings being driven by its Battle 4 Atlantis tournament, Kerzner International spokesman Ed Fields telling Tribune Business yesterday that the resort’s rates were up about 10 per cent year-over-year.
Lady Nathalie caught despite head start
NOT even an 11-minute head start was enough for the Lady in Red, Lady Nathalie to hold off the A Class boats in the Annual “Catch Me If You Can” St Valentine’s Massacre in Montagu Bay over the weekend.In the special challenge race on Sunday, the B Cl
Is national stadium the biggest mistake yet?
EDITOR, The Tribune. May I respond to the letter signed under the name Ed Fields, "We The People". Mr Fields should recognise, I hope, that this National Stadium could easily become the biggest white elephant, hole in the ocean any Bahamas Government ha
Stampers knock off the Breezes High Flyers 91-87
THE Triple K Stampers knocked off the defending division II champions Breezes High Flyers 91-87 to highlight Saturday’s NPBA action at the AF Adderley Gymnasium.
Dames sets target of fewer than 85 murder in 2019
NATIONAL Security Minister Marvin Dames has his sights set on a murder count that is below 85 by the end of this year. The minister’s goal, outlined yesterday outside of Cabinet, is more ambitious than the one in the Prime Minister’s Delivery Unit r
Sports Notes
THE Bahamas Association of Athletic Coaches (BAAC) is scheduled to hold the annual Bay Street Mile on Saturday.
Sunshine Insurance names new executive
Sunshine Insurance (Agents & Brokers) has named 20-year industry veteran Dwayne Swaby as its vice-president of development.
Oil explorer in total certainty on $25m well
The Bahamas Petroleum Company’s (BPC) top executive has acknowledged it is now better placed than ever before to deliver a first exploratory well in this nation’s waters by mid-2020.Simon Potter told Tribune Business that shareholder approvals at BPC
Kadeem, Mark and Travis top performers among Bahamians
KADEEM Coleby, Mark St Fort and Travis Munnings were several of the top performers among Bahamian basketball players active in their respective programmes over the weekend.
