Daily Archives: June 2, 2009

EXCLUSIVE REPORT BY BARBADOS FREE PRESS: CL Financial Group Collapse – Insiders Took Bribes To Have Company Purchase Land For More Than Market Value!

UPDATED: August 9, 2010

This article has spiked in the last day as hundreds of searchers are being directed to Barbados Free Press through a Google search for “Ramchand RAMNARINE“.

Mr. Ramnarine is one of the Directors of the Florida company “B. A. Management Services, Inc.” that is associated with the fraudulent Florida land deal described in this article.

We can find no recent news stories online that would explain the sudden interest in Mr. Ramnarine, but several hundred people apparently experienced the urge to Google his name in the last 24 hours.

Can any of our readers tell us why Mr. Ramnarine is generating such interest?

Original article…

Barbados Free Press Turns Up TWO NEW Companies – One Registered Feb 2009 – Possibly Involved & Not Yet Known To Fraud Investigators!

bribery.jpgCourt documents sent to Barbados Free Press reveal that a CL Financial Group company involved in a US$300 million dollar Florida land deal – paid more than market value for the land. This happened because the seller of the land provided “incentives” (read “secret commissions”, “bribes” or “gifts”) to company insiders in return for having CL Financial Group purchase the land for more than it was worth. Continue reading


Filed under Barbados, Business, Corruption, Offshore Investments