SIPT And Sandals reached $12 Million agreement
Published in TCI Post on 23t of January
SIPT RECOVERS A FURTHER $12M
The Special Investigation Prosecution Team (SIPT) and the Turks and Caicos Islands Government (TCIG) have reached an agreement with Sandals and its directors and officers in respect of the SIPT investigations.
This agreement is without any admission of liability by the company, its directors and/or officers. It does not however prevent the prosecution of any other persons in respect of any facts and matters.
The agreement, which involves a payment of USD$12 million to TCIG, is due in part to the co-operation of the company with the United States authorities to a degree that has been acknowledged to be both extraordinary and unique and included the early and voluntary release of valuable evidence that has been shared with the SIPT. That information has materially assisted SIPT’s investigations.