International media search Bermuda for Romney files
International news organisations are descending on Bermuda to investigate US presidential candidate Mitt Romney’s financial connections to the Island.National Public Radio (NPR) reported yesterday that they paid $20 to look through files at the Registrar of Companies and spoke to the Department of Communications.According to records, Mr Romney’s family is involved in a shell company, Sankaty High Yield Assets Investors Ltd., based in Bermuda that was transferred to a blind trust in his wife’s name right before he was sworn in as the governor of Massachusetts in 2003. The company is registered to Quorum International at MJM Ltd, based at Thistle House, on Burnaby Street. Quorum provides administrative services for incorporations.Democrats have been turning up the heat on Mr Romney, claiming he is avoiding taxes by placing investments in Bermuda, the Caymans and Switzerland.The Registrar of Companies file on Mr Romney, said NPR reporter David Welna, was “slim” — only ten pages long.“Romney's name does not appear anywhere,” he reports. “The entity he created in October 1997 is described as a holding company initially authorised to have 12,000 shares worth $1 each. Within three years, seven other Sankaty investment funds were also established in Bermuda.”Mr Welna, also spoke to Nea Talbot, acting assistant director of Public Affairs for the Government."Bermuda doesn't want to get too drawn into — we don't want to get drawn in at all," she told Mr Welna.In the lobby of the Thistle House, the reporter spoke to passers-by, including a lawyer who worked in the building and a policeman on the street."It's the American politicians that make it out to their public that ... anybody who does business with Bermuda is like a dirty old man dealing with pirates," said lawyer Steven Rees Davis.Meanwhile, the Government here has remained mum about the continued scrutiny over Mr Romney’s connection to the Island, chalking the fervour up to election year media frenzy.“While a Bermuda company or companies may be connected to one of the candidates most observers understand the US presidential electoral process displays itself every four years,” Premier Paula Cox said in a statement.Mr Romney has gone on record defending his investment portfolio this week on radio programmes in the US, stating he had no idea about the existence of the company here because the particulars of the blind trust are out of his control.“I don’t manage them, I don’t even know where they are,” Mr Romney told Radio Iowa of his investments.