UPDATE 3-Cayman Islands leader arrested in corruption probe

[struggle4progress]

Source: Reuters

Tue Dec 11, 2012 6:12pm EST
* Premier held on suspicion of theft, misuse of credit card
* Caymans are home to most of the world's hedge funds
By Shurna Robbins

GEORGE TOWN, Cayman Islands, Dec 11 (Reuters) - The leader of the Cayman Islands was arrested on Tuesday on suspicion of corruption in connection with a graft investigation in the Caribbean offshore financial center, authorities said.

Premier McKeeva Bush was detained at his home by members of the Financial Crime Unit of the Royal Cayman Islands Police Service, a police statement said.

The 57-year-old premier is suspected of theft, alleged misuse of a government credit card and abuse of office over the alleged importation of explosive substances without valid permits, it said.

"It would be inappropriate ... to make any further comment in relation to these matters at this time," the statement said. "Further updates will be made available in due course." ...


Read more: http://www.reuters.com/article/2012/12/11/cayman-premier-idUSL1E8NB3G920121211

[jerseygal]

1. McKeeva Bush - is he

a member of the Bush crime family?

Don't tell me - George P is the Hispanic Bush and McKeeva Bush is the Bush with African ancestry.

[jberryhill]

3. No relation

Until desalination, Cayman had a very low population, and very few families.

If you take everyone named Bush, Kirk or Bodden off the island, there would be few natives left.

The international banking business has little connection to the elected government.

This has more to do with local politics than anything else. Mis-use of a credit card and not getting the proper paperwork for unspecified "explosives", which could be anything from fireworks to a nail gun, sounds like somebody didn't get their application for Cayman status or foreign work permits approved.

[FreeBC]

2. Graft? They prosecute people for Graft? What a novel concept.

Practically our entire congress would be in jail if they did that here.