AGP Executive Report
Last update: 11 hours agoInvestment Dispute: A Trinidad High Court judge dismissed Gary Aboud’s claim over losses in Cayman-based Kijani Commodity Fund, finding he coerced a consultant into accepting liability. Aboud was ordered to pay $25,000 in damages and plans to appeal. Public Finance: Government is seeking proposals for a CI$236 million loan facility, covering borrowing already approved for its 2026–27 capital programme. The 15-year loan would be drawn in stages to manage interest costs. Offshore Finance: India’s Enforcement Directorate seized Rs2,032.81 crore in Reliance Power assets over alleged foreign-exchange violations linked to offshore investments and advances involving the Cayman Islands and BVI. Economic Diversification: Cayman Enterprise City says 500 businesses now operate in its Special Economic Zone, which it estimates has generated US$1.23 billion in cumulative economic impact since 2012. Financial Integrity: Cayman hosted the CFATF Council of Ministers meeting as the territory prepares for its own FATF assessment in December 2027.
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