The STAR Businessweek - Assets or Liabilities?

Page 1

THE STAR BUSINESSWEEK JULY 28, 2018

WWW.STLUCIASTAR.COM

ASSETS OR LIABILITIES?

Microloans in the Caribbean When executed correctly, fostering an entrepreneur’s or new business’s growth is one of the greatest ways to advance a local community. Progress in business is not the only realm, of course, but when growth is achieved here, it delivers a ton of truly fantastic benefits. BY ED KENNEDY, STAR BUSINESSWEEK CORRESPONDENT Continued on page 4

The ship tycoon, the con men and a €100m scam Just after noon on a sunny day in June, a 51-year-old former car dealer called Paul Sultana stood in court number four at Southwark Crown Court in London to be sentenced for his part in one of the

Paul Sultana said that Allseas would be “brought into a wonderful, privileged position”. He was given an 8-year-term after being found guilty of fraud

strangest crimes ever tried there. He was first arrested seven years ago for conspiring to defraud the owner of the world’s biggest ship of €100m, and the marathon proceedings had taken their toll. Pages 3, 5, 7 & 8

“You always hear that about fraudsters, don’t you? They are charming people who know how to talk [others] into things. Later you say, ‘My God, how could I have?’” Edward Heerema on the deck of Pioneering Spirit in Rotterdam © Charlie Bibby


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.