Government says Desarrollos will fight law suit Due diligence ongoing

Government says Desarrollos will fight law suit Due diligence ongoing

first_img Seven year courtship culminates in “I do” for RitzCarlton+Turks and Caicos Related Items:crown land ordinance, desarrollos, lexis nexis, mariott, ponzi scheme, walter sipta Turks & Caicos Islands Government Media Statement on Developer Walter Stipa Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, Government was indeed blind-sided by the civil suit filed against the Desarrollos Hotel Group, and said due diligence was performed by multiple government administrations through top rated methodologies. Government is finally speaking out on that law suit involving the Desarrollos Hotelco and its CEO and President, Walter Stipa – the company at the start of the month signed a $224 million hotel agreement with TCIG. In a media statement issued around 3:30pm yesterday, the PNP Administration promised that it takes its governance and anti-corruption responsibilities seriously. “…we have carried out appropriate due diligence works with regards to Mr Stipa’s Desarrollos Hotelco group and their proposals in the TCI. As due diligence is an ongoing process, we continue to request information from Desarrollos and other sources.” The government explained that they are aware of the civil lawsuit and that the Desarrollos Hotel Group is fighting the charges by a Ponzi Schemer that they were in receipt of his $15 million. The administration also shared that, and I quote: “Since 2012, this work has been led by the Government’s Investment Unit using several internationally recognised systems for corroborating and checking investor information, including: Thomson Reuters’ World-Check, a leading global ‘know your customer’ software system; Lexis Nexis’ World Compliance, another leading anti-money laundering, and risk and compliance screening tool. As part of the Government’s due diligence requirements the Desarrollos Hotelco group has also provided corporate documentation to substantiate shareholders and directors.” While it is not clearly stated, it appears the project will move forward. The Administration also said, “the Desarrollos Ritz Carlton development in the TCI is being substantially financed by Marriott, a world leading luxury hotel chain. Marriott too met with the TCI Government to demonstrate their commitment to the success of this five star development. Desarrollos and Marriott have a proven track record of having already developed four successful resorts together in the Caribbean region.” Government also denied that the land for the project in Grace Bay was transferred or leased; the property was publically tendered in accordance with the Crown Land Ordinance. Facebook Twitter Google+LinkedInPinterestWhatsApp David Smith back in court; continues to fight US Extradition Recommended for youlast_img read more

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OBITUARY Mario J Miani 94

OBITUARY Mario J Miani 94

first_imgNORTH READING, MA — Mario J. Miani, 94, of North Reading, formerly of Ansonia, CT, passed on Monday, May 6, 2019 at Windsor Place of Wilmington.Born in Derby, CT on August 9, 1924, son of the late Giuseppe and Giovina (DiGiovanni) Miani. He was a graduate of Derby High School, he attended 4 years at Bridgeport Engineering and 8 years of night school at Boston University.Mario was a Conceptual Design Engineer, he worked on Missile Re-entry Systems, space satellites, under sea technology and lasers. He worked for AVCO Systems Division in Wilmington for 16 years, AVCO Everett Research Division in Everett for 14 years and Science Research Lab for 5 years.Mario loved working on cars, especially Fiats and Chryslers, DIY projects and bowling. He loved the Patriots and most of all spending time with his family.He has been a resident of North Reading for over 61 years. He was a member of St. Theresa’s Church and the Knights of Columbus.Family members include his loving wife of over 66 years, Eleanor G. (Derry) Miani; He was a proud and loving father of three, Cathy Lynn Mizzell and her husband George of Birmingham, AL, Barbara A. Bochart and her husband Thomas of Tewksbury and Thomas J. Miani Sr. and his wife Joan of Methuen; he was the brother of the late Peter and Dino Miani and Hilda Testone; grandfather of 5 grandchildren, Elizabeth “Betsy” Colon, Andrew Bochart, Thomas Miani, Jr., Gina Miani, Robert Mizzell; one great grandchild, Tayla-Rae Colon; and his very close dear friend, Milan Tekula and his wife Dorothy of Saugus and many nieces and nephews.Visitation will be held at the Croswell Funeral Home, 19 Bow Street, North Reading on Friday, May 10 from 9 to 10:30 AM, followed by an 11 AM Funeral Mass at St. Theresa’s Church, 63 Winter Street (Rt. 62), North Reading. Interment will be in Riverside Cemetery in North Reading. Memorial donations may be made in his memory the American Cancer Society, 30 Speen Street, Framingham, MA 01701 or Hospice Services of Massachusetts, 391 Broadway Street, Everett, MA 02149.Mario J. Miani(NOTE: The above obituary is from Crosswell Funeral Home.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedOBITUARY: Anthony Charles Mack, 78In “Obituaries”OBITUARY: Judith Elaine Sias Guertin, 76In “Obituaries”OBITUARY: Carl J.A. Anderson, Jr., 89In “Obituaries”last_img read more

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