News

Turks and Caicos Government, Sandals Reach $12 Million Agreement

By: Caribbean Journal Staff - January 23, 2013 - 12:13 pm

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 antigua long bay

25 Perfect Caribbean Beaches to Add to Your Summer Bucket List

There’s nothing like a Caribbean beach in summer. The crowds thin out, the winds relax, and the islands start breathing in a different way. The beaches you thought you knew feel new again— stretches of sand once packed with winter […]


The 15 Best Hotels in Trinidad and Tobago, From Hidden Eco-Retreats to Luxury Towers

trinidad and tobago hotels where to stay

From Port of Spain to Tobago’s quiet coasts, these are the places to check in now No two Caribbean islands are quite like Trinidad and Tobago—and no two hotels here feel the same. This is a destination of contrast: Carnival […]


This Marriott All-Inclusive Resort Is Coming to Barbados —  And You Can Book It With Points

new brand for the caribbean

Barbados has long been a haven for adults in search of refinement — the kind of place where luxury and culture blend in quiet, confident harmony. Now, that ethos is becoming the foundation of a new resort concept that aims […]


Related Posts turks and caicos kempinski

A Guide to All the Projects in Turks and Caicos' Resort Pipeline

Turks and Caicos is currently undergoing one of the region’s biggest development booms, with more than 10 significant hotel projects expected to be completed in the next five years. Here’s what you need know about the projects opening soon and […]


These Are the 10 Best Luxury Resorts in the Caribbean For Families

luxury resorts for families in the caribbean

You know the feeling. The flight’s behind you. The ocean’s ahead. And for once, everyone’s smiling. No tantrums, no teen eye-rolls—just wide Caribbean skies, warm trade winds, and the sound of waves syncing with your own exhale. This is the […]


Turks and Caicos Hotel Rooms Are Filling Up 

turks and caicos hotel rooms pool at kokomo

Hotel occupancy continues to climb in the Turks and Caicos Islands, Caribbean Journal has learned.  The first quarter saw three months of solid growth, tourism officials revealed this week during the Caribbean Travel Marketplace conference in Antigua and Barbuda.  In […]