We hope the traditional media become involved soon and perform the task a healthy democracy deserves.
- Memorandum if Incorporation
- Change of Director
- Cahill Validation Document 2012
- Validation Documentation 2013
- Cahill Validation Document 2014
[…]
Guernsey Registered Cahill Energy Registration Documents, EXPOSED!
Discover more from Barbados Underground
Subscribe to get the latest posts sent to your email.
73 responses to “Guernsey Registered Cahill Energy Registration Documents, EXPOSED!”
-
All of the dam are crooks,liars and scumbags, nothing they can say or do to clean up , But to leave the island and office.
-
90/10 split between the two companies. Westminster Nominees Limited has 90% of the shares in Cahill and is an old company. Lambeth Nominees Limited has 10% of the shares in Cahill is a BRAND NEW COMPANY incorporated in April 2014. The finders fees is 10% I guess but who is the owner of this money? It could be worth tens of millions of and when Cahill Barbados is sold the the highest bidder.
-
@Guy Fox
The question which should have been asked last night is whether the 10% shareholding is a ‘çut’?
-
The Bribery Act 2010 was introduced to update and enhance UK law on bribery including foreign bribery in order to address better the requirements of the 1997 OECD anti-bribery Convention. It is now among the strictest legislation internationally on bribery. Notably, it introduces a new strict liability offence for companies and partnerships of failing to prevent bribery.
-
Why I get the feeling no plant was never to be built but a complex heist/ money laundering racket to go in excess of a billion dollars.
-
Can the sleuth who dug up these docs, now dig up the identity of the beneficial owners of Westminster and Lambeth?
-
@David,
the so called video is a waste of time. -
The beneficial owners of Guernsey must know the risks associated with operating from a UK regulated jurisdiction
-
The Bribery Act 2010 does not apply in Guernsey as it’s not part of the UK. Guernsey has its own anti-bribery law. Interestingly, there doesn’t ever seem to have been a conviction for bribery or corruption under Guernsey law.
I have always wondered why people run businesses out of places like Guernsey. It must be advantageous tax laws, I guess. -
Bajan Reporter had done an exhaustive write up:
-
Who will stand the responsibility of a failed transaction. Will the Government be able to recover any monies if this plant failed or if citizens are affected by any calamity.
This section within the Articles of Incorporation says it all.
“20 Indemnity
20.1 The directors, secretary and other officers or employees of the company shall be indemnified out of the assets of the company to the fullest extent permitted by the Law from and against all actions, costs, charges, losses, damages and expenses which they or any of them may incur or sustain by reason of any contract entered into or any act done, concurred in or omitted, in or about the execution of their duty or supposed duty or in relation thereto.
20.2 An alternate director is entitled to be indemnified under this clause as if he were a director”
-
The current situation makes the indemnity clauses irrelevant this is a shell company with zero assets right now.and my guess is an mountain of debts.
Cahill is banking on a quick sale to a company with deeper pockets they will walk away with millions and the people of Barbados will be left to pick up the piecesShame on them all
-
The lady (carpet bagger) with the big hair was asked by a member of the audience as to why Barbados was selected ahead of other Caribbean countries with regard to this project. This was her reply:
“Barbados has an educated population, which is really important . . . . Also, Barbados is an international business centre. That’s very important when you are running a business like this, that you can conduct normal business in a normal way. So Barbados was the ideal choice,” Cowan explained. Source: Barbados Today
If someone could explain to me the word normal as used in this context then I would be most grateful.
Good day to all.
-
Does anyone know if the Canadian tax code is like the US tax code where by Cahill would have to declare its offshore earnings ??? And has Cahill or the cowan woman filed a correct tax return declaring her interest in this off shore shell company/tax haven
-
Normal in this context means there was no selection process in this translation
Seventh heaven property’s introduced her and she ran with it there was no bidding process this was a clear case of misuse of due process
It maybe normal for her to scam people its not normal to the majority of people -
“We hope traditional media becomes involved soon”. Hold your breath and see what happens. This has been a major part of the problem afflicting this country. As they say, who pays the piper calls the tune. …..and controls the press as well. This CAHILL debacle brings sharply into focus the important role SOCIAL MEDIA plays in the attempt to keep tabs on the purse strings of cash strapped Barbados. THIEVES HATE IT. RIGHT DENNIS? HOW ABOUT YOU MICHAEL?
-
If it is a shell. Where has the money been coming from to contract the consultants?
-
Speaking of Transparency and documentation lest we forget , The public is still awaiting MIA MOTTLEY DOCUMENTATION of Proof of her LEC. NO!
-
David
You can be certain that all of the money spend this far has come from money advanced to Cahill or its consultants from the GOB, the SSA or both. -
@Guy Fawkes
How is that possible? Don’t we have Estimates and Heads where monies spent must be explained?
-
[caption id="attachment_47416" align="aligncenter" width="513"]
Future Trust Meeting[/caption] -
That was never promised by Mia.Transparency legislation was. An investigation into vote buying and selling, a major threat to the foundation of our democracy was. Should that not be the starting point of the quest for discovery?
-
Barbadians you can relax. The only impending tsunami is one over which you will have total control. That’s when for the first time in this country’s history a government in its entirety is wiped away. In one voice we will sing OH HAPPY DAY!
-
@Hamilton
This is how you are able to identify yard fowls and political rhetoric. It is why we are closely Jamaica and Trinidad, political.polarization.
-
““Barbados has an educated population, which is really important . . . . Also, Barbados is an international business centre. That’s very important when you are running a business like this, that you can conduct normal business in a normal way. So Barbados was the ideal choice,”
Exclaimer this is what normal means…….Barbados has a population of docile black sheep which is really important…..Also Barbados is an international business centre. That’s very important when you are running a business like this you can get away with murder by greasing the hands of government officials that you can conduct business in a normal way. So Barbados was the ideal choice where the government will allow anybody that is white and corrupt come in and do business.
-
This is the same Denis Lowe that convinced BU entire houses were missing from UDC and he would prove large scale corruption in a then ongoing forensic audit. Even when the government was staring defeat in the 2013 nary a word/evidence about this forensic audit or the many other alleged infelicities repeated before and after the 2008 election. In the last Budget, the same goodly doctor resorted to an LEC, Crab Hill and cola syrup from the last millenium. Why do we expect a sow to pur?
-
@ac July 24, 2015 at 6:20 AM “Speaking of Transparency and documentation lest we forget , The public is still awaiting MIA MOTTLEY DOCUMENTATION of Proof of her LEC. NO!”
ac shut up we tired ‘a hearing u.
Dear David blogmaster: I apologize to you for being so sharp with the ac consortium so earl in the morning.
-
http://www.cra-arc.gc.ca/menu-eng.html
Canadian Revenue Agency -
http://www.cra-arc.gc.ca/tx/nnrsdnts/bsnss/menu-eng.html
Canadian Revenue Agency. Information for Businesses – International and non-resident taxes -
http://www.cra-arc.gc.ca/tx/nnrsdnts/bsnss/crp-eng.html
Canadain Revenue Agency. Income tax information for non-resident corporations -
http://www.cra-arc.gc.ca/gncy/nvstgtns/lds/menu-eng.html
If these folks are up to any hanky-panky the Canada Revenue Agency will be happy to hear from you:
Informant Leads Program
As announced in Economic Action Plan 2013, the CRA has launched the Offshore Tax Informant Program (OTIP) that offers financial awards to individuals with information about major cases of international tax non-compliance resulting in more than $100,000 of additional federal tax being assessed and collected. Please visit the OTIP website for more information, including how to make a submission.Beware of fraudulent communications:
The CRA is warning Canadians that fraudulent emails purporting to be from the Agency are currently circulating. See examples of these scams.The Canada Revenue Agency (CRA) takes abuse of Canada’s tax laws very seriously. When an individual or business does not fully comply with tax legislation, an unfair burden is placed on law-abiding taxpayers and businesses and the integrity of Canada’s tax base is jeopardized.
The mandate of the Informant Leads Program is to coordinate all leads that the CRA receives from informants, to determine if there is an element of non-compliance with tax legislation, and ensure that the information is reviewed and provided to the corresponding compliance program for appropriate enforcement action.
For more information, see Frequently asked questions.
How to report suspected tax evasion
You can report suspected tax evasion over the Internet or by contacting the National Leads Centre. Your identity will not be disclosed and you may provide information anonymously.Privacy notice
What to tell us
By Internet
Report suspected tax evasion online:
Before you start
By phone, mail or fax
Tel.: 1-866-809-6841 (toll free)
Fax: 1-888-724-4829 (toll free)Office hours: 8:15 a.m. to 5:45 p.m. (Eastern Time).
Mailing address:
National Leads Centre
Business Intelligence & Quality Assurance Division
Canada Revenue Agency
200 Town Centre Court
Scarborough ON M1P 4Y3 -
Canada Revenue Agency. Offshore Tax Informant Program
http://www.cra-arc.gc.ca/gncy/cmplnc/otip-pdife/menu-eng.htmlThe Government of Canada is committed to protecting Canada’s tax base and ensuring public confidence in the fairness and integrity of the tax system. Canadians are allowed to structure their tax affairs in such a way in order to reduce the amount of tax owing – Registered Retirement Savings Plans and Tax-Free Savings Accounts are two examples of legal, beneficial ways that Canadians can reduce their taxes owing.
Investments outside the country are not illegal. Canadians who invest outside the country are in compliance with Canada’s tax laws as long as they report all of the income earned outside Canada.
However, the Government of Canada and Canadian tax administrators are concerned about international financial transactions and mechanisms to avoid or evade Canadian tax. When an individual or business does not fully comply with tax legislation, an unfair burden is placed on law-abiding taxpayers and businesses and the integrity of Canada’s tax system is jeopardized.
Launched as part of the Canada Revenue Agency’s (CRA) efforts to fight international tax evasion and aggressive tax avoidance, the new Offshore Tax Informant Program (OTIP) allows the CRA to make financial awards to individuals who provide information related to major international tax non-compliance that leads to the collection of taxes owing. The OTIP draws on international best practices from across the globe. A number of member countries of the Organisation for Economic Co-operation and Development (OECD) also provide rewards for information regarding taxpayer non-compliance. The United States Internal Revenue Service, for example, has a Whistleblower Office that rewards individuals who come forward with information on major cases of tax evasion. International tax non-compliance is a focus of all developed nations, particularly members of the G-20, and the CRA’s actions to combat this non-compliance are part of this global effort.
-
@Clare Cowan
We know you follow BU, please feel free to interact with us to debunk the mythology.
-
Simple Simon
Are you suggesting that M. E. Clare Cowan and/or the beneficial owners of Westminster or Lambeth Nominees are evading or illegally avoiding paying Canadian Income Tax by using a multi-level ownership structure via two countries in the EU list of non-cooperative jurisdictions, Geurnsey and Barbados?
-
This Cahill transaction is reminiscent of the 3S issue under the BLP. What has changed? Twiddle D and Twiddle B.
JAs
-
@DD
Have you been able to find a fingerprint on the Internet about the two shareholders?
-
These documents show that Cahill hasn’t been hiding anything! Why are Bagans so against new jobs and a better way of disposing of our garbage? Sure, we haven’t got all of the information about the plant yet but reports have said that the technology is safe and the company is making a concerted effort to answer our questions through the town hall meetings they’ve been hosting..
-
We’re so quick to only consider the negatives and these documents have done little to clarify the situation. Maybe Cahill could provide the country with some exciting changes? Others are finally beginning to see that Barbados is a country worth investing in!
-
These papers are a waste of time. All I care about is the future of my country… If Cahill Energy can produce clean energy for the country and provide my kids with jobs in the future, then I agree that Barbados is the right place for the plant.
-
We have a right to know who will control our energy supply, particularly when the company in question is the beneficiary of tax payer funded support.
So, we may not yet know who the beneficiaries are, but we know the CEO is Mrs M.E. Clare Cowan.
Is this the same M.E. Clare Cowan named as CEO of a company called Venture Exchange Network in this annual report filed with the SEC?
http://www.sec.gov/Archives/edgar/vprr/04/9999999997-04-029165
The same Clare Cowan that apparently had companies described as partners “baffled” to be associated with it?
http://www.itbusiness.ca/news/venture-exchange-network-signs-up-heavy-hitters/2159
“”Either it’s a mistake or… No one knows what Venture Exchange Network is or why our name is there.””
The main office of Venture Exchange Network was 55 Queen Street East, Toronto – http://brokercheck.finra.org/Firm/127395
A Google search shows that a few years earlier a Clare Cowan Poirier was Director of a company called 700068 Ontario Ltd which had its address on 12 Queen Street – https://opencorporates.com/companies/ca_ns/2094961
The same Clare Cowan?
Records from the Supreme Court of Nova Scotia show that 700068 Ontario Ltd traded as Peartree Home Marketing Consultants – http://caselaw.canada.globe24h.com/0/0/nova-scotia/supreme-court-of-nova-scotia/1990/10/05/cleary-v-nova-scotia-attorney-general-1990-4152-ns-sc.shtml
According to the court “the Peartree scheme may well lead to the homeowner being encouraged to sell his home by inexpert sales staff with no recourse and without the protection afforded by the Act.”
-
And now the Barmy Army has been sent in for support!
-
David July 24, 2015 at 11:34 AM #
@DD“Have you been able to find a fingerprint on the Internet about the two shareholders?”
Been looking, but no luck so far.
Will keep trying.
-
Reuben
Cahill is a scam, that’s why the crooks are trying to sell the bloody pig in the bag before getting it to market. So do use a favour an piss-off before Cahill and its scammers end up going the FIFA route. It does not take a lot to so the ball rolling. -
Trish O July 24, 2015 at 11:36 AM #
These documents show that Cahill hasn’t been hiding anything!
How about hiding the names of beneficial owners?
Clare Cowan is simply the front man.
-
Due Diligence ,
You are very perceptive. You mussee live in Canada an know bout lobbyin an silent partnerships an ting.
-
Hants
You too are very perceptive.
Except for what I have gleaned from other BU experts, DD has no expertise in WTE or any other sustainable energy stuff; but has a good nose to smell something fishy.
This Canadian woman Cowan smells very fishy – like the suckers in the rivers up hey.
-
@DD
See Vacluse’s comment posted at 12:42 which went to spam.
-
I am not a lawyer, economist or financial expert. I did not read all of the comments, but I did look at the links provided in the original post. I am hoping the one of you will educate me or correct my ignorance
When I look at the monies in those documents I saw 0.00 or a maximum of 500 pounds. I saw (somewhere) where cash in hand was 259 pounds and the assets less than the liabilities.
Given the sum of monies I have seen, are we talking about a $770.00 project or a $770 M dollars project. Can someone explain to me how the 10 links provided by David can lead to someone awardin a $770 M contract.
Excuse my ignorance and educate me on the monies first. Throw in a few numbers with more than 5 digits or my mind will go blank again. I don’t want spin or party lines (Show me the money)
-
Re the 2004 Annual Audited Report of Venture Exchange Network, Inc filed with the SEC in the following link posted by Vaucluse July 24, 2015 at 12:42 PM #
http://www.sec.gov/Archives/edgar/vprr/04/9999999997-04-029165
Total Assets = $30,649.
Total Revenue = nilDD is guessing that the Cahill Balance Sheet has about the same level of assets and revenue.
DD has Googled Venture Exchange Network, Inc. and its parent Goldcare Indutiae Inc. -which had registered the trademark MASTERMIND.
Lots of hits on both names, but nothing substantive; just PR fluff and listings in business directories
M. E Clare Cowan was the CEO of both.
Goldcare was described as being a management consultant, and appears to have been active from mid 1990s to early 2000s
Venture surfaced in about 2002, and was around until about 2004. On its website Venture Exchange Network describes itself as a revolutionary and interactive listing, screening and matching service for entrepreneurs, and private equity investors. We are determined to help entrepreneurs obtain venture financing while uncovering the best high technology companies for investors. Venture Exchange Network is the only service that screens entrepreneurs for minimum criteria and then uses a hands-on analysis and systematic approach to identify the venture capitalist most likely to provide funding to the new startup.
Can find no details of any deals done by either.
It is interesting that M. E.Clare Cowan seems to have left the face of the earth from 2004 until resurfacing in 2012 as CEO of Cahill Energy Limited (Guernsey), and then in Barbados in March 2014 announcing Cahill signed a historic agreement with the Government of Barbados on 15th March 2014 to build and operate a leading edge clean energy plant.
DD would rely like to know what she was doing between 2004 and 2014.
-
Was she in detox or rehab?
The blogmaster invites you to join and add value to the discussion.