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it seized from a Bermuda currency-trading fund to the fund's Daiwa account. Bloomberg news said funds would be frozen there during hearings on whether Daiwa's seizure of the funds was legal. Daiwa seized $33 million from the account of Bermuda-based ...

industry could attract unscrupulous operators. And in anticipation, a new Investment Advisory Services Act is being drafted by the Bermuda Monetary Authority in consultation with various representatives within the investment industry, according to in...

Watlington development on the Waterfront at Pitt's Bay Road. But their letter of objection to the planners, has prompted a measured rebuttal from Pearman Watlington President, Mr. Harry Cox, who claimed the Trust was mistaken about the facts and was ...

four years and four months for masterminding an insurance fraud scheme that swindled victims out of more than $5 million. The hustler, who was said to have deceived both the Bermuda Government and his Bermuda accountants Cooper & Lines/Coopers & Lybr...

Board and cleared the way for a major development at the City gateway. After the successful appeal by Villa Development Company Ltd., work began almost immediately, starting with the East Broadway redevelopment of the old Waterfront Restaurant buildi...

international business, as a result of the Independence referendum. Portfolio International, which bills itself as "The Professional's Guide to Investment Worldwide'', carries a July article which highlights the Bermuda International Business Associa...

an "Unless'' order failed this month, plans to take his case to the European Commission on Human Rights. The Law Lords of the Privy Council threw out an appeal by the one-time Bermuda insurance company boss and ordered him to pay the costs for the fa...

Government's annual insurance bill for property cover for a $1 billion dollar portfolio of public property has tripled, with premiums climbing to a record $4.5 million. But the Works & Engineering Minister, the Hon. Leonard Gibbons, said that the inc...

clarified that the BMA earned a profit of $2,779,000 for the year ended December 31, 1989. Mrs. Marcia Woolridge-Allwood made the statement in response to an article in The Royal Gazette which quoted from the latest Government Auditor's report that p...

public funds -- to the tune of $20 million a year -- are being spent without the required approval of Parliament, according to the latest independent auditor's report. The auditor, Mr. Larry Dennis, has warned of consequences that include reduced con...