Escolar Documentos
Profissional Documentos
Cultura Documentos
02 April 2015
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Contents
1. introduction..............................................................................................................6
1.1 Background and scope of work................................................................................................................6
1.1.1Scope ofworfr................................................................................................................................... 6
1.2 Caveat...................................................................................................................................................
2. Executive summary..................................................................................................8
2.1 Overview.................................................................................................................................................... 8
2.2 2012 and the acquisition of UB....................................................................................................................9
2.3 2013: The acquisition of BS and BEM.......................................................................................................10
2.4 2014: Events Leading to Collapse of UB, BS and BEM............................................................................11
14
21
8. Unibank 2013.........................................................................................................40
8.1 Financial overview............................................................................................................................
..40
9. January-November 2014....................................................................................................42
9.1 Increasing Shor Group exposure................................................................................................................
..42
43
9.2.2BS
44
9.2.3UB
45
46
10.1.1.1
UB..............................................................................................................................................47
10.1.1.2
BEM...........................................................................................................................................47
10.1.1.3
BS..............................................................................................................................................48
BEM............................................................................ 49
Introduction............................................................................................................................................49
10.2.2
10.2.3
10.2.3.1
10.2.3.2
10.2.3.3
10.2.3.4
10.2.4
10.2.5
10.3 25 to 26 November 2014: Moving Shor Group loan exposure from BEM to BS, issuing new and higher value loans
to Shor Group in BS and selling the loan portfolio............................. ...................................................................59
70.3.1
The existing Shor Group loan exposure at BEM was paid back early.................................................59
10.3.2
10.3.3
10.3.4
10.3.6
Selling the BS loan portfolio to Fortuna...............................................................................................64
10.4 Attempt to reverse Roseau contracts.......................................................................................................................66
10.5 Suspicious loss of loan documentation at BEM,
BS,and UB...................................................................66
Overview..............................................................................................................................................68
11.1.2
Connections....................................................................................................................................... 68
11.1.2.1
11.1.2.2
11.1.2.3
11.1.2.4
11.1.2.5
11.1.2.6
Shared Addresses.....................................................................................................................70
Shor Holding" as described by BS staff...................................................................................70
75.7.5