LOCAL NEWS

Hold placed on ministers' assets Published on Thursday, February 25, 2010 Email To Friend    Print Version Sources within the interim government have informed TCI Net News that legal holds have been placed on the known assets of former ministers until such time that it is determined that the assets were properly acquired. Other information indicates holds are also in place on all government “Crown land” transactions. Former Premier Michael Misick This appears to have affected the 11,000 square foot mansion of former premier Michael Misick, which has been on the market for several weeks, priced somewhere in the region of $15 million. A number of weeks ago it was reported that a British law firm had been assigned the task of recovering illegally acquired assets. TCI Net News has been told that 31 large land parcels transferred during the Misick Administration are being reviewed and the transfers could be subject to reversal. Numerous small parcels are also under review. A concern expressed among belongers is that, when internal government is returned to the TCI next year, Britain may restrict the new government from selling Crown land. The non-private land of the islands is held in trust for the people (belongers) of the islands and is supposed to be sold under strict guidelines. However, it appears the rules were not adhered to by the former administration, making the current review necessary.   Reads : 905 Back... Comments: No comments on this topic yet. Be the first one to submit a comment. Back... Send us your comments!   Send us your comments on this article for publication in our Readers' Forum or as a Letter to the Editor. All fields are required and in the interest of openness and transparency we will no longer accept anonymous submissions. We therefore request that all submissions include a name for publication, regardless of content. We will in special circumstances protect a writer's identity only after we have established good cause for anonymity, otherwise we will not be able to publish the submission. For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, it will be a waste of your time typing your submission because we will never see it! Your Name: Your Email: (Validation required) Comments: Enter Validation Code *