Richard Padgett, a property developer and best known for his involvement in the Third Turtle project in Providenciales, is due back in court in April.
Padgett was one of the first individuals to be charged by the SIPT and his attorneys confirm that Mr. Padgett who is alleged through his company Oceanpoint Developments, paid more than $1m to former deputy Prime Minister Floyd Hall and his Progressive National Party during attempted construction of the Third Turtle Club in the Providenciales.
Sara Teasdale, of Pannone, will be defending Mr. Padgett.
It is understood Mr. Padgett and eight other people, including Mr. Hall and three other ex-ministers, will appear before court again to face various charges including money laundering and conspiracy to defraud the TCI Government.
The charges against Mr. Padgett relate to alleged payments uncovered by a Commission of Inquiry in 2009, led by Sir Robin Auld, the UK’s former Lord Chief Justice of Appeal, and concern the Third Turtle Club and Spa.
Mr. Padgett had previously stated that he was putting the scheme up for sale, saying he had “no more energy” to continue after spending more than $20m on the project.
