24.1 C
Basseterre
Sunday, June 23, 2024
HomeNewsLocal NewsMSR Media Files RICO Suit Against Caribbean CBI Stakeholders

MSR Media Files RICO Suit Against Caribbean CBI Stakeholders

spot_img

by Kevon Browne

St. Kitts and Nevis (WINN): MSR Media, led by movie producer Philippe Martinez, has taken legal steps against several Caribbean stakeholders involved in Citizenship by Investment (CBI) programs. Through a press release, the company announced the filing of a RICO (Racketeer-Influenced and Corrupt Organizations) suit in a US federal court.

 

The defendants listed in the lawsuit include Les Kahn, the former head of St. Kitts & Nevis Citizenship by Investment Unit (CIU) and current CEO of Caribbean Galaxy; McClaude Emmanuel, the present CEO of the St. Lucia CIU; Ying Jin of Caribbean Galaxy; Denzil Douglas, former Prime Minister of St. Kitts & Nevis and current Foreign Affairs Minister; Timothy Harris, former Prime Minister of St. Kitts & Nevis; Faron Lawrence, a Kittitian real estate developer; and Caribbean Galaxy itself, among others.

 

The RICO suit suggests MSR Media’s concerns regarding alleged misconduct within Galaxy, the previous government of St. Kitts & Nevis, and the current CIU in St. Lucia.

 

MSR Media has also filed a claim for judicial review in the Kittitian High Court, seeking a mandamus to compel the Prime Minister to “revoke all citizenships granted to applicants under the Galaxy Jail who paid less than the legal price.”

 

The primary allegation is that Caribbean Galaxy received ‘kickbacks’ from a due diligence provider associated with the controversial prison project. The company claims evidence indicating that fees paid to the due diligence firm were redirected back to Ying Jin of Caribbean Galaxy, raising questions about the vetting procedures and potential security risks.

 

Additionally, MSR Media alleges that Chinese nationals involved in money laundering obtained citizenship in St. Kitts through the prison project, utilising false identities.

 

Despite raising these concerns with Kittitian authorities, MSR Media claims their notifications went unanswered. The company expressed disappointment with the lack of action from the government of St. Kitts & Nevis, urging investigations into alleged practices benefiting senior officials across administrations.

 

The press release includes screenshots of purported WhatsApp conversations between Dwyer Astaphan, a former Kittitian government minister, and Attorney General Hon. Garth Wilkin. These exchanges suggest that the AG was aware of activities involving Galaxy and the government, including underselling shares in the prison project and allegations of corruption.

 

According to the screenshots, the AG indicated that former Prime Minister Timothy Harris and Les Kahn received payments from Galaxy. The scheme aimed to generate revenue for the government but lacked proportional infrastructural development.

 

Martinez forwarded these conversations to Prime Minister Dr. Terrance Drew. MSR Media has also claimed access to banking records, intending to present them as evidence in US courts.

 

The legal action initiated by MSR Media against Caribbean CBI stakeholders marks a significant development in the ongoing controversy surrounding citizenship programs in the region. As the case progresses, it promises to shed light on the intricacies of finance, politics, and governance in the Caribbean.

See the alleged suit here:

https://www.imidaily.com/wp-content/uploads/2024/05/MSR-lawsuit.pdf

In response to the filing of the suit, the Prime Minister of St. Kitts and Nevis issued a statement saying that on May 23, 2024, he became aware of two civil lawsuits, one filed in the United States and the other in Saint Kitts, claiming that there was an “underselling” practice within the Federation’s Citizenship By Investment Programme (“CBIP”) between 2021 and 2022. The statement further affirmed the Drew-led administration’s actions when taking office, which “introduced strong regulations for our CBIP and strong good governance laws in the National Assembly, including the Anti-Corruption Act.”

Read the full statement here:

https://www.sknis.gov.kn/2024/05/27/government-aware-of-lawsuits-alleging-cbi-underselling-highlights-swift-and-decisive-reforms/

The government of St. Lucia has put out a statement in response to Martinez, saying, “We Have No Business with Philippe Martinez”.

 

Read the full statement here:

https://www.govt.lc/news/we-have-no-business-with-philippe-martinez

The citizens and residents await the outcome of the MRS suit.

 

spot_img
spot_img
spot_img

Most Popular

spot_img
Advertisement
Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks
Subscribe