Archive for March 9th, 2016

Dart deal risks remain as talks continue

Dart deal risks remain as talks continue

| 09/03/2016 | 36 Comments

(CNS): The ongoing re-negotiations between the Cayman government and Dart over the controversial NRA agreement still pose risks to the public purse, auditors revealed Wednesday. During the Public Accounts Committee hearing Wednesday, as members questioned Alan Jones, the chief officer in the planning ministry about the lessons learned from the audit report that found the […]

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Cayman firms fined $6M for helping tax dodgers

Cayman firms fined $6M for helping tax dodgers

| 09/03/2016 | 0 Comments

(CNS Business): Two subsidiaries of the Cayman National Corporation have pleaded guilty to helping clients evade taxes in a US Department of Justice crackdown on tax cheats. Cayman National Securities and Cayman National Trust entered guilty pleas Wednesday in a New York federal court. The bank will pay US$6 million in forfeiture and fines, prosecutors […]

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Marine cops injured, rough seas suspend search

Marine cops injured, rough seas suspend search

| 09/03/2016 | 71 Comments

(CNS) Updated: Three officers with the RCIPS Joint Marine Unit received injuries Tuesday, during their efforts to bring in the boat that the missing three men and two boys were on when they left to go fishing Sunday, and a fourth officer also received medical attention Wednesday. The search and rescue operation, which covers a 350 […]

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PAC returns with CPA chair as anticipated witness

PAC returns with CPA chair as anticipated witness

| 09/03/2016 | 4 Comments

(CNS): The Public Accounts Committee resumed Wednesday morning with the committee members scheduled to question the chair of the Central Planning Authority, Al Thompson, and the chief officer in the planning ministry, Alan Jones. The committee is still scrutinising a number of recently published audit reports, including one pointing to some serious and historic failings […]

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Minister says no more debt despite fiscal compliance

Minister says no more debt despite fiscal compliance

| 09/03/2016 | 3 Comments

(CNS): With the Cayman Islands on track to meet all of the requirements of the Public Management and Finance Law and the Framework for Fiscal Responsibility by the end of this financial year, government could start borrowing again but Finance Minister Marco Archer said there would be no more debt in the next financial year. […]

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Knife attacker believed his life was in danger

Knife attacker believed his life was in danger

| 09/03/2016 | 0 Comments

(CNS): A George Town man charged with attempted murder in relation to a daylight knife attack on the streets of the Cayman Islands capital last year took the stand in his own defence Monday. David Bodden told the court he was just trying to apprehend Blake Barrell, the man he is accused of attempting to […]

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Mac: PPM can’t take credit for fiscal compliance

Mac: PPM can’t take credit for fiscal compliance

| 09/03/2016 | 48 Comments

(CNS): Opposition Leader McKeeva Bush says the PPM government should not be taking credit for meeting the requirements of the Framework for Fiscal Responsibility (FFR) that the UK made him sign because of the “terrible way the PPM had destroyed up our finances”. Bush said it was his administration that set the wheels in motion when […]

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Burglars target missing man’s home

Burglars target missing man’s home

| 09/03/2016 | 45 Comments

(CNS) Updated Wednesday 12:53pm: The home and cars of one of the men missing at sea was targeted by burglars some time between Monday morning and Tuesday morning, the RCIPS has confirmed. The police were at the newly built home of Gary Mullings on Tuesday after a break-in at the property in the Prospect area. Mullings, […]

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