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Submitted by BWWR

Ontario Superior Court

As promised, I now am able to advise the BU family that yesterday in the costs motion brought against Nelson Barbados Group Limited in the Ontario Superior Court of Justice, it was ordered that Nelson pay its costs by 27 August 2008, failing which the action against the defendants bringing the motion (over 50 of them) will stand discharged.

Those defendants bringing the motion include: The Country of Barbados, Prime Minister Thompson, former Prime Minister Arthur, the Attorney-General, the Chief Justice, Peter Simmons, Kingsland Estates, Classic, Richard Cox – 58 of the 67 defendants.

I have certain sincere hopes here:

1. That if Nelson Barbados Group Limited does not pay the cost by 27 August, that in discharging the action against the 59 Barbados resident and other affiants who chose to be cross-examined in Barbados, the judge will order that the costs be paid by Mr. K. William “Goat” McKenzie PERSONALLY.

2. That the Law Society of Upper Canada will launch an investigation into the conduct of this case by the Goat and disbar him from the practice of law.

3. That the the Law Society of Upper Canada will, once its investigation is complete, file a complaint with the Barbados Bar Association against Alair Shepherd Q.C. and that this will lead to Her Majesty being advised to cancel his commission as Queens Council and the Barbados Bar to disbar or at least suspend him from the practice of law. This, for not having advised the Ontario Superior Court of Justice that Nelson Barbados Group Limited did not have the standing to bring its action, particularly as he was one of the counsel of record in the matter.

That conduct is simply INEXCUSABLE.

I think that Mr. Shepherd ought to go back to his country of origin – Guyana – where his notion of the practice of law will doubtless be highly praised. I understand that certain countries admire lawyers who are constantly in pursuit of ambulances. They interpret this as being “keen”. Most lawyers by their very nature are always going to be looking for the big fees and will, if the client will pay, bring actions of little merit. However, somewhere, someone HAS to draw the line SOMEWHERE.

When this whole action started, while Madge Knox was not being anonymous and hiding behind the name of Nelson Barbados Group Limited – in October 1998 – Madge was represented by Sir Henry Forde and Alair Shepherd, both Q.Cs. On the other side were the late Sir Harold St. John Q.C., Leslie Haynes Q.C., Clyde Turney Q.C. and Mr Vernon Smith (later Q.C.). This array of the best of Barbados’ legal talent was supported by the best of the younger crop. Adrain King (who is becoming a worthy successor to his father – or will as soon as he finds a different lead counsel) supported Sir Henry and Alair, Doria Moore supported Brie and Leslie, Zerina Khan supported Clyde and Lisa Greaves supported Vernon.

By the time the matter came to appeal, there was only ONE casting change. Sir Henry Forde had dropped out. When Henry was asked by a friend of mine WHY he had dropped out, he hemmed and hawed for a moment to give himself time to think and then said that his involvement was not needed by Madge Knox and that she didn’t need the expense of two Queens Council. However, within the legal world in Barbados, Henry’s colleagues – all of them – were intrpreting this otherwise. One of them summed up for me, “De Boulay knows he ain’t got no case. He don’t want Brie and Leslie and Vernon and specially not Clyde, to beat him up again. Of course, I don’t think he got any time for Peter Allard either.” It didn’t stop Alair from collecting $4.2 million which, by Madge Knox’s own admission, were her legal costs in the matter. See the decision of Goodridge J. posted on BU.

However that may be, as the BU family has discussed conflict of interest by lawyers exhaustively (and well) in the Hal Gollup case, Henry may well have reflected that he was leaving himself and his firm (Juris Chambers) open to an action from the estate of Colin Deane and its executor Ian Deane for conflict of interest. Because you see I have just seen some documents that I am told are filed in the public domain as court exhibits that clearly show that from 1983 until 1986 Henry and his chambers represented the estate of Colin Deane and its executor. Henry did right to withdraw from the matter. In fact, he ought never to have been involved at all – he ought to have declared a conflict of interest right from the start or got a waiver in writing from Colin’s estate and Ian.

And since during the time that Henry represented the estate of Colin Deane, Alair Shepherd was a member of Juris Chambers, neither should Alair have been involved then – OR NOW.

Conflict of Interest rules in Barbados are sketchy. However, it is almost certain that if called upon to decide upon conflict of interest matters, the Barbados courts will do as courts in other countries in the same boat have done and adopt the three world-recognized authorities: 1. The Canadian case of R. v Neil, the UK case of Marks and Spencers v Freshfields and the 2003 American Bar Association Model Rules on Conflict of Interest. To do otherwise would negatively impact on Barbados as a front-line country in the foreign investment field. I have just checked and I see that the cases and rules are available on the internet, with the cases being found either through google (or BFP’s favourite, cuil) or you ought to be able to find them on www.worldlii.org . Wordlii.org is free, but for those who subscribe to Westlaw, you will certainly find them there.

This whole thing started 10 years ago and has now, by my estimation, has cost in the region of $20 million. It is true that quite a bit of the expense has been due to the inordinate and inexcusable length of time that the Barbados judiciary has taken to un-reserve and deliver its decisions. Greenidge J. took a year and a half at first instance (at a cost in interest to Kingsland of an estimated $2 million), while Chase A.J. took 9 months to deliver the decision of the Court of Appeal on Madge Knox’s appeal from Greenidge J.’s decision – the period of human gestation and Chase A.J. have a lot in common as anyone who examines the time he took for his decisions generally will see. This delay by the Barbados judiciary in giving decisions and the justice denied thereby as well as the inordinate expense caused, contrast most unfavourably with the Privy Council, that took less than three months and now the Canadian courts, which have, to date, taken less than 6 weeks. If yesterday’s motion had been heard in Barbados, I can assure you that no judgment would yet be forthcoming. Yet the Canadian judge delivered it from the bench and, while I have not seen the written reasons, I (who don’t bet) will take a bet that there are no viable grounds for appeal in it.

The Barbados judges have a lot of arguments to support their sloath. But the truth is that there ARE no excuses. Every lawyer in Barbados is an officer of the Courts. Judges have the right to consult with any of those lawyers not involved in a case. For instance, both Greenidge J. and Chase A.J. had the right to consult (when he was alive) the late Freddie Clarke, the acknowledged leading expert in Barbados on company law. It is not a question of some poor little judge sitting there struggling through mounds of documents and law books. The problem in my view has been laziness and arrogance. Denys did his best to reverse this trend and, for all his faults and nepotism, our present CJ has done an exemplary job in addressing the problem – BUT THERE IS A LONG WAY TO GO STILL.

For instance, you could take the alleged $2 million that Greenidge J’ delay cost Kingsland and hire four top lawyers as judges, instead of the also-rans who are chauffered around in MP-reg cars by police drivers. You could also sweeten the pot (and pay them less money) by making it a condition of employment as a judge that each be knighted or made a dame immediately upon being appointed. And if you all don’t think that Mrs. Lawyer or Mr. Lawyer isn’t going to move Heaven and Earth to become Lady Judge or the husband of Dame Judge, you are WRONG. AND you could go to the magistrates courts every so often (and sit quietly at the back, like I do) and you might find, if you are VERY lucky, a magistrate who shows all the signs of becoming a first class judge. Being a woman, of course, I am prejudice, but I most sincerely hope I live to see the day when Dame Pamela Beckles is inducted Chief Justice of Barbados.

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85 responses to “Nelson Barbados Group Ordered To Pay Cost~The Other Side Of The Kingsland Estate Court Matter Part VIII”


  1. @BWWR

    You go girl and have a nice vacation. I still feel that Mrs. Knox could have saved herself and children lots of stress and expense, if she had matched the $40 Classic offered to her brothers, sister and nephew. Instead she offered them a measly $3.60. Then she tried to have the legal Agreement of Purchase and Sale cancelled after the deadline had passed even though she had not offered up her shares.

    If she could not afford $40 for all the shares, she could have bought a block and borrowed against them to buy the others.

    We used to have a man in our village when I was growing up, who used to go around lending money to people against their land. In sme cases he offered to pay for their funeral in return for the land. These families were poor and all they had was the land that their slave ancestors had gotten by hard work. In those days not many black people appreciated the value of land and many lost it easily. However, what that man did was not illegal. Him, I would not only call a shark, but a Blue Peter. I would prefer to call him the Great White, but the man was blacker than me!


  2. The legal battles are all very interesting, but perhaps we are missing the real issues here.

    Firstly, how did a company with so much land come to default on its BACT mortgage and end up in receivership (or on the verge of receivership)? Surely the company owned enough land outright that they could and should have sold some of it to clear the BACT mortgage. Was there gross mismaangement by the directors or was there a conspiracy as Iain Deane suggested?

    Secondly, even if the directors and management of the company were not smart enough to sell off land to get out of debt (or if this was not feasible for some strange reason), land was expropriated from the company by government and the compensation from this should have been sufficient to settle the BACT debt. Is it fair to state then that the shareholders were forced to sell at a depressed price because the compensation from government was not paid soon enough to save the company?

    If the above is true, then there may be some truth in Nelson’s claim that some of those attempting to buy Kingsland used their influence to delay the payment of government compensation to the company, and would have been in a position to secure change of use permissions from government that would increase the value of the property owned by Kingsland.

    Bush Tea, I would suggest that what the old lady could have done differently was to go to court to (1) try and prevent her relatives from selling the shares to Classic on the grounds that it would prejudice her rights as a minority shareholder, and/or (2) sue the directors and management of the company for negligence in mismanaging the affairs of the company and bringing it to such a state and/or (3) sue Classic to try and get fair value for her shares and/or (4) sue the government for failing to pay for the expropriated assets and thereby contributing to the insolvency of the company.

    However the old lady decided to join forces with Allard to try and buy the entire company.

    Perhaps though the advice from the QC’s representing her was that the options I have listed (and any others) would not have succeeded, and that the best route was to try to buy the entire company.

    The message in this is that those who inherit significant assets should from the outset engage professional help to manage those assets and to protect their interests. Surely the situation at Kingsland was allowed to fester for many years before it reached a crisis and fell into the hands of the lawyers.


  3. Much appreciated Brutus.
    This whole situation is actually beginning to make sense to me at last….. all except the Law- I must confess.

    To a non legal like myself, the law is intended to protect the safety, property, asses and rights of the citizen. Indeed, one assumes that ‘the Law’ is there to ensure that citizens who do the right things can rest assured that, notwithstanding the laws of the jungle, the ‘system’ is there to ensure that the rights, even of poor defenseless widows are protected.

    When a Bajan woman can lose her multi million dollar inheritance and no one can point to her breaking any laws, taking any unreasonable actions or really bad business decision – except that she happens NOT to be business orientated (a condition with which successive national leaders and many senior management persons also suffer…) one has to wonder – and to worry.

    It appears that the fact that a pack of money grabbing pirates (two packs in this case) developed an interest in her assets was all it took for her to end up a pauper!
    SHOULD THE LAW NOT BE PREDISPOSED TO PROTECT THAT LADIES’ RIGHTS?

    Pat;
    Do you think that a situation such as you described should be legal? Does the ignorant among us not also deserve the protection of the law? What kind of place do we want here?

    for example…
    My lawyer presently holds the papers to my property – what is to stop him / her from changing the title to his/her name (or more likely to that of a company ultimately under their control) and then putting my loss down to my failure to make sound choices?

    ….how does one acquire a gun license…?!?


  4. seriously – that should have been ‘protect the ASSETS…’


  5. If Classic made a killing, good on them, but if there were never any financials submitted, where is the tax on this phenomenal profit?

    Come on lads give a little of your clever gouge back to the country.

    Did you?

    Answer that BWWR.


  6. “When a Bajan woman can lose her multi million dollar inheritance and no one can point to her breaking any laws”

    ————

    she has not lost it she still has the shares

    i think though she may have given them as security to one of the “money grabbing pirates”

    in the case of your property, make it sure it is registered.


  7. …legal fees Amused.. She will probably have to sell her house to cover those


  8. yes that is what i meant when i said she gave probably gave security

    Allard backing her now will he put up more money on the 27h?


  9. No Bush Tea. It should not be legal to con the poor out of their land. However, the man had IOU’s and the land was the collateral.

    It is very little different to a small land owner who rented plots to poor people and then the Owing administration passed the Tenants something or other act, so that people now have to sell at $2. a sq. ft. what they probably purchased for more to renters. I know of two such cases in Barbados where the children now have to look to purchase at $15 per sq. ft., while their father has to sell his at $2.

    The only good thing is that if, as BFP says, the land is now worth $1 billion US. Mrs. Knox’s shares should be worth in the neighborhood of $85 million US. If the one billion is a true valuation. I am no lawyer, but I would suggest she cut her losses and try to keep something for herself and her children. They, the children, can decide what is best for her. I dont trust the Allard person. He seems like a great white!


  10. Sometimes your language, and that of BWWR is confusing….
    Is Allard BACKING her? Or is it more correct to say that he is trying to USE her to achieve his ends – having failed to work with Classic?

    …however this pans out the lady looses….?!?

    So are you saying then, that the ONLY protection for someone like this (or even Bush tea who worked hard for a lifetime an accumulates a few berries…) is to hire professional advise?

    …OK that is a trick question. Hiring ‘professional advise’ is like paying your own executioner…

    …now MME, you see why Jesus tell that man to sell all that he had and give to the poor and come and follow him….?


  11. Bush Tea, if you worked hard for a lifetime and accumulate a few berries you would probably have learnt enough along the way to be able to safeguard them.

    However if a few million berries happen to fall in your lap, you may not have the skills necessary to keep the sharks from getting at those berries.


  12. “Is Allard BACKING her? Or is it more correct to say that he is trying to USE her to achieve his ends – having failed to work with Classic?”

    ————————-

    good question !!!


  13. Amused, on August 10, 2008 at 2:23 pm you explained exactly my point, with a lot fewer words than I would have used. Thank you.

    Bush tea August 10, 2008 at 2:35 pm you told of holdings in an insurance company and also in a “family business”. Is that family business a company (limited liability or otherwise)? If it is just a family business, then it would seem to me that you do own 1/5 of the assets, as you would be a tenant-in-common with the other interested parties on the business. If it is a company, all you own are your shares. It is the company that owns the assets. If a company, are you a director? If not, you will find the law (the Companies Act) offers you considerable protection. You can read the Companies Act online http://www.barbadosbusiness.gov.bb/miib/Legislation/Documents/companies_act_cap308.pdf and I refer you specifically to the bit that starts at section 228 onwards. If you are a director, it is very likely, however, that you may find it difficult to advance a claim un the Companies Act, but that would depend entirely on the circumstances. What did Madge do wrong? She sued. The articles of Kingsland were such that she could not claim a right of first refusal over Classic (see Privy Council decision http://www.privy-council.org.uk/files/other/knox.jud.rtf) and she was not in a position, as a director of ten years tenure, to claim oppression. All she had to do was to keep hold of her shares and she would have been VERY much richer. But you see, it was never about shares or the masses of Kingsland land. Allard wanted the 2 ½ acres of beach front property on Maxwell Coast Road. And Madge willingly sacrificed her shares so that Allard could get what he wanted. Because, at the end of the first instance, as Keltruth has obligingly posted earlier in this blog, costs were already over $1 million. Now, it is ten times that. If somebody sued you and lost, would you be satisfied to have to pay your lawyers costs that they forced you to undertake? Or would you expect them, having lost, to have to pay these? By the way, generally I don’t like lawyers either.

    Amused // August 10, 2008 at 2:37 pm. Right on the money. Bingo.

    Pat // August 10, 2008 at 3:10 pm. Just want to correct that as I have seen documents – the Privy Council Record – that you have not. Initially, Mrs. Knox offered $3.60 or something like that, but within days she had offered to meet the Classic Offer – but that was a year after the Classic offer had been accepted and the deposit paid. The issue was that Classic already had an enforceable contract and had done for a year before Margie got off her backside.

    Brutus // August 10, 2008 at 4:11 pm. Read the Companies Act and the Privy Council judgment. Madge could never have prevented the sale of shares by the others. She could not have claimed oppression as she was a director during the last 10 years of Kingsland’s operation. Also, there were injunction preventing the directors from dealing with the assets of the company, which would include accounts receivable – and all the government could do was pay the money it owed once these were discharged – with interest. And maybe that is what the government has done, but don’t expect Keltruth to tell you that. Most importantly however, Madge did not file her action in a timely manner. She waited almost a year. Therefore, it has to be seen according to the law that she agreed to the sale – that is the position that the court is BOUND to take and with counsel like Henry, she must certainly have know that.

    Straight talk, I am not a director of Classic – nor a shareholder. I don’t know the answer. If you are talking about Kingsland pre-sale to Classic, do you think that this lack of audited financial returns was not complained of in the actions leading up to (and including) the Privy Council appeal? I see from the judgment at first instance and the Privy Council judgment that it was complained of by Madge – and ruled against. Remember, the Companies Act calls for audited OR COMPARATIVE financial records. How do any of us outsiders know that these were not offered. Mr Richard Cox and Mr. Erie Deane, please answer this for us.

    Amused // August 10, 2008 at 6:59 pm. CORRECT!!!! That is what I think too.

    Bush tea // August 10, 2008 at 7:40 pm. She doesn’t own the house. Kingsland does. She has always lived in properties supplied and supported by her Deane family. Some of the Deanes have told me that Classic has undertaken that she can continue to live in her house, rent-free, for the rest of her life. I believe this, but if it isn’t true, I am happy to stand corrected. Is this true, Keltruth?

    Pat // August 10, 2008 at 8:53 pm. I think, Pat, that it is unlikely that as it stands the property is worth the US$1 billion claimed by BFP and Keltruth. If you tried to sell it on the open market as it stands, you wouldn’t even get a fraction of that. It may in years to come after about $300 million has be spent developing it, become worth that – but my view is that it is a tremendous gamble at best as you are relying on worldwide market trends as they exist now and on Barbados continuing to enjoy a stable government and off-shore and tourism popularity. Classic will doubtless make a lot of money on it, but not to the extent Madge claims – at least not now in 2008. By 2028, if they are very lucky, maybe, maybe not. A lot of us can look down (or up) and see if this is the case.

    Bush tea // August 10, 2008 at 8:57 pm. “Is Allard BACKING her? Or is it more correct to say that he is trying to USE her to achieve his ends – having failed to work with Classic?” Second scenario is correct in my opinion. However, as she started her association with Allard while Henry was still representing her, I would strongly suspect that there is a secret written agreement between her and Allard. Maybe Keltruth would like to post that for us here on BU….but let us not hold our breaths.

    Pat chile, thanks. I need the break and to be looked after a little.


  14. BWWR,

    Thank you for your response above and your advice. I have in fact already read the Privy Council judgment (which as you have stated deals only Mrs. Knox’s pre-emptive rights under the company’s articles), and I have some familiarity with the Company’s Act. I am not a lawyer and have no legal training, but I do have some knowledge of directors’ and management’s responsibilities.

    You have stated very glibly that “she could not have claimed oppression as she was a director during the last 10 years of Kingsland’s operation”. With all due respect, that is your opinion – this would have been a matter for the courts to decide.

    You have also stated that the lack of audited financial statements was complained of by Mrs. Knox and ruled against. I was not aware of this but I will take your word for it. However I would imagine that this issue was raised in a specific context (ie. that of her pre-emptive rights) and that any court ruling only spoke to this narrow issue. I have not been able to find the initial judgment, only the appeals, so I write subject to correction.

    The point about the monies due from government is that these, presumably, would have been sufficient to clear the company’s outstanding debts, principally the BACT mortgage. Again, I write subject to correction. This is a significant feature of this matter which should not be glossed over.

    However again, my key points are that:

    – the directors, perhaps including Mrs. Knox, and management, may have been negligent in allowing the financial affairs to deteriorate to such an extent
    – Mrs. Knox should have taken action a lot earlier to protect her interests
    – Mrs. Knox should have focused on trying to get fair value for her shares instead of trying to buy all of the shares.


  15. BWWR, enjoy your vacation.

    We will miss you around here.


  16. Brutus, thank you for yours. In large measure, you are absolutely right.

    As I understand it, the oppression remedy is largely to advantage minority shareholders, although I do know of one case where a shareholder who was also a director stole $200,000 from the company and then claimed that their being fired as a result of their theft was oppression. But that is taking it to the other extreme. I see from the pleadings that Madge did indeed claim that she had been oppressed, but she vacated this claim and concentrated on pre-emptive rights before the Privy Council. My feeling is that it has to be very difficult for you to claim oppression when you yourself are a part of the body that does the oppressing – the directors. I agree with you that it is not impossible, but it isn’t easy. Anyway, Madge and her counsel obviously felt that the claim of oppression would not fly.

    As far as the lack of audited financial statements is concerned, you are correct in saying that it was in the context primarily (but not exclusively in so far as I can recall) of her preemptive rights. I will undertake to get back to you on that once I have access again to the documents. I will also try to find the judgment of Greenidge J. and post it. It was for sure online, but I too have had a problem finding it recently, so I know what you mean. I’ll see if my “source” has a copy of it for the BU family.

    On the matter of the money owed by government, my recollection (which is certainly subject to correction) was that it was just about $1 million or so. If anyone has any information as to how much this was in fact, I think we would all like to know a specific figure. However, as I said, please remember that the directors were prevented due to a injunction from dealing in any way with the assets of the company, so the clock on the interest was going to tick no matter what. Also important to ask is WHEN this acquisition by Government took place and WHEN the money first became due. The figure on its own, while important, cannot be lead to conclusions on our parts, absent the time-lines.

    On your key points:

    I would certainly agree that the management – which, whether she likes it or not, most certainly included Madge – was certainly negligent in allowing financial affairs to deteriorate as they did.

    If Madge, as a director, had resigned much earlier and brought an action against the company and its directors, she would have been in a strong position.

    Frankly, I would have tended, were I Madge and having full knowledge of the company’s assets, to have simply refused to sell my shares to Classic and forgotten the court cases. I would then have been in the position to capitalize on the new and more efficient management and, frankly, the new management would have been well advised to come to terms with me and join forces. That is what I would have aimed for.

    Some further points though:

    I would NOT have rushed to fraudulently try to hide or transfer my assets the moment I was served with notice of proceedings against those assets – I would have asked for a meeting with Ian and his counsel and seen if there was any basis for compromise and accommodation.

    I would NOT have tried to place the shares into a trust in Miami, but left them in Barbados.

    Once I was served with proceedings in the Ontario action, I would have filed an affidavit stating clearly that Nelson Barbados Group Limited does not have the standing to bring the action in the first place.

    Frankly, there are a lot of things I would have done differently, all directed and motivated towards my protection, rather than in furtherance of the desires and vengeance of Mr. Allard. I have no doubt that, without rancour or resort to litigation, I would have found a way to retain my shares and to co-exist with Mr. Cox, rather than becoming the pawn in Mr. Allard’s vendetta against him and Classic.

    Madge Knox had a choice and in my humble submission she chose badly. It is inexcusable, however, that to mask or rectify her own error, she now seeks to drag Barbados and its public organizations and its people down and to try to degrade them in the eyes of the international community. And that she has used blogs, namely Keltruth and Barbados Free Press that “moderate” out any comments adverse to her position, for this nefarious activity is just beyond the pale. She has done enough to further Mr. Allard’s vendetta against Mr. Cox. How dare she fuel his vendetta against her country and fellow citizens. That cannot be justified no how.

    Thank you, Brutus. I always do my poor best to try to be completely accurate in what I may say. It is not always, even with the best will in the world, possible. However, with your approach, this has become a productive discussion where many questions and concerns can be cleared up, while the right to disagree is accepted, but does not lead to aggression.

    No name, thank you, dearie.


  17. BWWR,

    That was a classy response – thank you for taking the high road. I would be very interested in reading the original Greenidge J. judgment so please see what you can do.

    In the meanwhile I will see if I can find any thing more concrete on the money owed by the government. I understand now your point that with the injunction in place the directors would not have been able to use the funds from the government. I need to re-read the various postings to see what this injunction was all about and what the timeline was.


  18. […] am concerned about the validity of the PricewaterhouseCoopers East Caribbean Firm (PwC) audits of Kingsland Estates Limited, as PwC has signed off on some very low valuations. PwC is a […]


  19. I agree, Brutus. I like to see discussions like this. I would be interested in knowing the reasons for the injunction in question. However, they are secondary in my view to the narrow sense of directors dealing with these government owed funds. I think you will agree that it is th scope of the injunction that is important to us rather than why and on what basis it was obtained. Was it Mareva or interim interlocutory relief? If it was the latter, was it ex parte or inter partes? Was it a complete freeze of the assets or a partial freeze?

    Even if it was a complete freeze, the party in whose favour the injunction was granted can be approached to agree and have the court sanction certain variations, like the payment of monies owed to the company directly to BACT. Was this done? Was the injunction holder approached? Did they refuse – and I doubt they would have as a refusal to allow the debt of the company to be services would likely have provided grounds for the Court to revisit and heard arguments on the injunction.

    Keltruth, in posting this information about PwC and Russia here, how in the name of all that’s sacred do you make the leap between Russia and Barbados in respect of Kingsland? Russia is second to Barbados as the leading off-shore country and you expect that the Russians are not going to investigate Barbados from the point of view of its viability for their operations? You mad. PwC Russia is a different entity operating under a different jurisdiction and laws to PwC Barbados with different legal counsel and everything – how can you apportion blame for what happens in PwC Russia to PwC Barbados and express on this basis your “concern”? Nonsense. So what are you now trying to say to cover up your failure to report either on your own blog or on your subsidiaryt blog, BFP, that you have been ordered by the Ontario courts to pay your costs by the 27th? Since you are not going to answer me, I will guess. Peter Allard, having decided to shift his sphere of operations from Barbados and the other governments in the area being well aware of his tactics and character, has now decided to move his interests to Russia. When this Ontario action fails, he will incorporate a company in Russia and your mother will go along with the lie that this company owns her shares in Kingsland and it will re-file almost word for word in the Russian courts the case that failed at the Privy Council and in Ontario. I think that is what you are telling us?


  20. Since Keltruth has seen fit to post a link to its site here on BU that deals with Russia and money laundering and other accounting and valuation matters in an attempt to link it to PwC Barbados and to Kingsland Estates Limited, let us examine this clearly here.

    We can all access the US State Department’s International Narcotics Control Strategy Report 2006 (I have not been able to access the 2007 report) dealing with “Major Money Laundering Countries.

    Money Laundering appears to be a BIG concern of Keltruth. It has in the past tried to suggest that Panama is a better and more secure country for off-shore investment – let us see what the State Department of the Excited States of America – that prejudice-free (according to Keltruth) country has to say. Refer to: http://www.state.gov/p/inl/rls/nrcrpt/2006/vol2/html/62140.htm

    Cut through the verbiage and proceed directly to the heading “Countries/Jurisdictions of Primary Concern”. What immediately grabs the attention is that among this group of countries to be most closely watched by the US are ….the United States itself, along with…. Australia….. Austria….. Canada….. France….. Germany….. Greece….. Guernsey….. Isle of Man….. Israel….. Italy….. Japan….. Netherlands….. and Keltruth’s supported country, Panama….. Russia….. Spain….. SWITZERLAND, folks….. United Kingdom. Among others. But that is the “A” list. The potential (or actual) worst offenders. No mention of Barbados on the “A” list.

    Barbados is on the “B” list. Lesser threat, described by the State Department as “Countries/Jurisdictions of Concern”. Barbados, as a secondary threat as perceived by the US (they of course, being on the “A” List themselves) shares space with, among others…..Belarus….. Belgium….. Gibraltar….. Grenada….. Guyana….. Jamaica….. Monaco….. Poland….. Portugal….. Saudi Arabia….. South Africa….. St Lucia….. St Vincent….. Zimbawe.

    I don’t need to go into the last category where no threat is apparently perceived by the Yanks, except to say that Trinidad and Tobago is listed there.

    My question? What does this say about Keltruth and BFP? Mind you, once might easily also ask what it says about that most truthful and honourable of bodies, the US State Department.


  21. Perhaps Keltruth would be willing to post the last audited financials of Kingsland so that we can all comment from an informed position.


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  35. Danielle Slettede Avatar

    How does Donald Best fit in?

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