Ashcroft sold Belize passports for pounds 33,000 (click title to entry - thank you)
Fran Abrams
Wednesday, 21 July 1999
MICHAEL ASHCROFT,
Fran Abrams
Wednesday, 21 July 1999
MICHAEL ASHCROFT,
MICHAEL ASHCROFT, the controversial Tory party treasurer, sold Belize passports for pounds 33,000 each, The Independent can reveal. Holders had the right to "trouble-free travel" around the world without visas.
The passports were available quite legally until as recently as last month through a firm called BHI Offshore Financial Services, a part of Mr Ashcroft's BHI Corporation. The firm also offered to sell offshore companies and trusts, which could make investors' money safe from tax authorities, creditors, former spouses and even disinherited children.
Mr Ashcroft, who is the Belize ambassador to the United Nations, sold the financial services arm of his company in June as part of a wider restructuring, a spokeswoman said yesterday. However, an earlier announcement omitted specifically to mention the sale of the financial services arm....
The passports were available quite legally until as recently as last month through a firm called BHI Offshore Financial Services, a part of Mr Ashcroft's BHI Corporation. The firm also offered to sell offshore companies and trusts, which could make investors' money safe from tax authorities, creditors, former spouses and even disinherited children.
Mr Ashcroft, who is the Belize ambassador to the United Nations, sold the financial services arm of his company in June as part of a wider restructuring, a spokeswoman said yesterday. However, an earlier announcement omitted specifically to mention the sale of the financial services arm....
