Abdul Taib Mahmud
The British Virgin Islands (BVI) is investigating into allegations that a number of its registered companies allegedly linked to Sarawak Chief Minister Abdul Taib Mahmud’s family are involved in money laundering.
BVI’s Financial Services Commission, in an email to Malaysiakini, said that the allegations, which was reported by the online website, posed serious threat to the reputation of the territory as an offshore financial centre.
Dwayne Thomas, the enforcement officer of the commission’s legal and enforcement division said that the commission will make all efforts to protect the reputation of the British Virgin Islands as a premier and reputable financial centre. Therefore it, undertakes investigations into all complaints and allegations of BVI companies being linked or involved in any nefarious activities.