Skip to content


Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Sandals Resort pays $12 million to settle bribery probe

Luxury resort operator Sandals will pay $12 million to the government of the Turks and Caicos to resolve an investigation into bribery and money laundering.

The spa company’s cooperation with U.S. authorities helped lead to the deal last week with the Special Investigation Prosecution Team (SIPT), according to a report by Vanessa Narine of the Turks and Caicos Weekly News Online.

Sandals didn’t admit guilt or liability in reaching the settlement.

The investigations reportedly focused on the transfer of $1.65 million from accounts belonging to Sandals to the Progressive National Party and former Turks and Caicos premier Michael Misick.

The Turks and Caicos is a British protectorate. Corruption in the government led to the U.K. imposing direct rule in 2009.

Misick, the former premier, went on the run in 2009. He was arrested at Rio de Janeiro’s domestic airport in December 2012 and is now facing extradition back to the Turks and Caicos to answer corruption charges.

Jamaican businessman Gordon ‘Butch’ Stewart operates Sandals. The settlement carried no admission of guilt by him or any other directors or officers of the resort company.

SIPT said it also settled with developer Mario Hoffman and the Salt Cay Development Companies for $7 milion.

And property tycoon Varet ‘Jak’ Civre settled bribery charges for $5 million.


Maria Dolores Hernandez J. is a researcher for the ethiXbase.

Share this post


Comments are closed for this article!