The National Newspaper of St. Vincent and the Grenadines
FRIDAY,
NOVEMBER 03, 2017
VOLUME 111, No.44
by DAYLE DA SILVA IT IS STILL UNCERTAIN the consequences, if any, that this country , in light of the news that recently surfaced about St Vincent and the Grenadines being implicated in a financial scheme, operated by former aides to United States President Donald Trump.
www.thevincentian.com
Last weekend, news broke that Paul Manafort, a former campaign r of the Trump presidential campaign, and Richard Gates, a Trump campaign advisor, were wanted by the US authorities. The men were eventually charged with a number of offences including money laundering and tax evasion. They were exposed as a result of the investigation by the Special Counsel set up in the US, to investigate Russia’s role in the 2016 presidential campaign.
The indictment – SVG implicated Based on the indictment order, both men acted as Rick Gates, a former advisor to Donald Trump’s campaign, said that criticism of him and Paul Manafort was based on flawed news media reports and documents. Sounds like Trump, doesn’t he?
EC$1.50
Paul Manafort, President Trump’s former campaign chairman, has been charged with tax fraud and money laundering. This isn’t Mr. Manafort’s first public scandal. unregistered agents of the Government of the Ukraine, under then President Victor Yanukovych, and generated “tens of millions” of dollars in income as a result of their work. However, the allegation is that they hid these payments from US authorities during the period 2006 through to 2016, by laundering the money they earned through a number of US based and foreign corporations, partnerships and banks — including at least two entities registered in SVG. The order stated that the men funneled millions of dollars in payments into foreign nominee companies and bank accounts, opened by them and their accomplices in nominee names and in foreign countries, including Cyprus, SVG and Seychelles. They further hid the existence of these foreign companies and bank accounts, and falsely reported to their tax preparers and to the US, that they had no foreign bank accounts.