The Bank of Bermuda has been named in a court case as offering bespoke services to help a South African billionaire hide his money from the tax man.

A series of e-mails and memos which circulated between three Bank employees in 2000 suggest that the Bank looked for ways to restructure tycoon Dave King's finances to ensure he did not have to pay a hefty bill to the state. In one of the e-mails employees are encouraged to be "creative" in helping Mr. King.

The e-mails were read out in Pretoria's High Court earlier this week and the South Africa's Mail & Guardian have written of the "bespoke help from offshore bankers desperate to get their hands on [Mr. King's] portfolio".

The South African Revenue Service claims Mr. King owes them around $324 million.

For the full story turn to The Royal Gazette's business section.