Former Premier of the TCI, Michael Missick is under further investigation by the Czech anti-corruption police, which have started investigating the case of bribery connected with the Turks and Caicos Islands.
In a news release issued on the wire by Lidové noviny or (LN), states Police suspect the Slovak financier Mario Hoffmann, J&T co-founders Ivan Jaka-bovič and Patrik Tkáč, partner Peter Kor-bačka and former Turks and Caicos Premier Michael Misick of bribery and money laundering.
The case is supervised by a Prague district state attorney’s office, and the criminal proceedings are being prepared, its spokesman Šárka Pokorná said.
Investigators will decide whether the suspects will be accused.
The news agency states that Hoffmann allegedly planned an investment in a luxurious residential complex, including a golf resort on Salt Cay for some 600 million dollars and that Hoffmann allegedly gave a bribe to the Turks and Caicos government officials, which the J&T Bank arranged.
According to detectives, Hoffmann and J&T Bank representatives tried to cover up the fraud
The businessmen have denied any wrongdoing.
We’ll have more on this story as it develops.
