News

Turks and Caicos Government, Sandals Reach $12 Million Agreement

By: Caribbean Journal Staff - January 23, 2013

Above: TCI

By the Caribbean Journal staff

The Special Investigation Prosecution Team and the Turks and Caicos Islands government have reached an agreement with Sandals Resorts International totaling $12 million.

The agreement is due “in part to the cooperation of the company with the United States authorities to a degree that has been acknowledged to be both extraordinary and unique and included the early and voluntary release of valuable evidence that has been shared with the SIPT,” the SIPT said in a statement.

The agreement involves a payment of $12 million to the government.

The SIPT is investigating corruption in the Turks and Caicos; it was formed after a Commission of Inquiry led by Sir Robin Auld in 2009 found evidence of widespread corruption in the Turks and Caicos Islands.

That led to the suspension of democratic government in the British Overseas Territory. The TCI returned to democratic government with elections in November.

The company has been voluntarily cooperating with the investigation, including an internal investigation.

“This agreement is without any admission of liability by the company, its directors and/or officers,” the SIPT said. “It does not however prevent the prosecution of any other persons in respect of any facts and matters.

Sandals operates the Beaches resort in Turks and Caicos. The company recently purchased the former Veranda resort property as part of an expansion in TCI.

Last year, the SIPT issued a warrant for the arrest of former Premier Michael Misick, who was eventually arrested in Rio de Janeiro last month.

Popular Posts

The 10 Best Overwater Bungalows in the Caribbean, From Aruba to Belize

Overwater villas at Caribbean resorts aren’t just a novelty — they’re also among the most luxurious and beautiful accommodations you can stay in. And while all of the bungalows perched above the waves have their charms, some stand out among […]


The 10 Best Luxury All-Inclusive Resorts in the Caribbean, From Antigua to Jamaica

all-inclusive hammock cove

All-inclusive resorts are more popular than ever, particularly in the Caribbean. The all-inclusive concept just keeps winning over travelers, who have been drawn to the ease, comfort and convenience of the concept. But the biggest thing within the space isn’t […]


The Bahamas’ Atlantis Paradise Island Just Completed a $150M Renovation

walking on the beach in nassau

A new eatery by Michelin-star Chef Michael White. A new-look casino. State-of-the-art guest rooms and the Caribbean’s first Shake Shack.  The Bahamas’ Atlantis Paradise Island resort has officially completed a $150 million resort-wide renovation, a significant project that included a […]


Related Posts turks and caicos st barth

The Rise of Caribbean Luxury Villas, From Turks and Caicos to St Barth

The pandemic may have bumped the appeal for a secluded luxury villa in the Caribbean, but luxury villa rentals were picking up steam way even bofre that. Now, the luxury villa is one of the biggest asks in the Caribbean. Villa Essenia, a WIMCO villa in […]


Turks and Caicos Is Predicting Record-Breaking Arrivals

turks and caicos shore club pool

The Turks and Caicos Islands has been one of the most sought-after destinations in the hemisphere since the initial travel reopening during the pandemic — and it’s showing no signs of slowing down.  Turks and Caicos is predicting “record-breaking arrivals” through […]


Turks and Caicos Has a New Luxury Real Estate Project in Provo

turks and caicos home with pool

One of the Caribbean’s most active luxury markets has another major new project, this time from developer Waterloo.  Waterloo, best known for its Ambergris Cay private island resort, has launched Idyll East, a collection of 11 waterfront homes.  The project, […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You