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Tax Haven Probe Finds Serious Matters

Global Glimpses | October 4, 2010

An independent investigation into government and judicial corruption in the Turks and Caicos Islands, a Caribbean tax haven, has uncovered “additional serious matters,” according to the person leading the inquiry.

Helen Garlick, a former senior prosecutor at the U.K.’s Serious Fraud Office, was appointed to lead a criminal investigation after an earlier probe found evidence of systemic corruption in government and the legislature and among public officers.

Garlick said last week that her 30-strong team was making “good progress” but the costs of the investigation were putting a “major burden” on the islands’ budget, which relies on tourism and financial services.

“I have explained previously why this is an expensive investigation,” she said. “The Commission of Inquiry found...

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