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Barbados: Enron was here

Categories: Caribbean, Barbados, Economics & Business

Barbados Free Press points out the fallaciousness of Prime Minister Owen Arthur's assertion that “Happily, we in the Caribbean have thus far been spared Enron-type experiences,” [1] by reminding us that Enron used Barbadian and other Caribbean “offshore companies and banks to set up some 900 front companies to facilitate the movement of money to the detriment of Enron shareholders.”