Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Andrew james tice seem to be the main brain behind dowans' controversy

Discussion in 'Jukwaa la Siasa' started by Byendangwero, Jan 9, 2011.

  1. B

    Byendangwero JF-Expert Member

    Jan 9, 2011
    Joined: Oct 24, 2010
    Messages: 872
    Likes Received: 3
    Trophy Points: 0
    If you go through Mr. Tice's resume provided in one of the threads, you will notice that at one time he was overseing the trust and fiduciary business of Deutsche Bank in Africa and Middle East. Perhaps it's pertinent to first of all examine what that job entails:Fiduciary services among other things involves assisting clients in acquiring ready made companies or establishing new companies world wide. One of the main features of fiduciary services is confidentiality. If the client so wish, the ownership of the business can remain concealed. this can be done in two ways; in the first instance by appointing what is normally called "a nominee Director or third party Director" to run the show onbehalf of the real owners. Similarly as in case with company Director nominee shareholders may be appointed to conceal the identity of the real shareholders. At the time of registering the company will have an incorporator or incorporators as initial shareholder with minimum amount of shares. Thereafter, the shares in the business company may be issued and transferred to any further shareholders according to wishes. Refer the case of Protas Ishengoma and Deep Green. From the foregoing, it's very clear the way the Dowans contraversy stands fits very well with Mr Tice's experience. It's worthy noting that although Mr. Rostam was contented in placing nominee directors and shareholders to run the show he wouldnt trust them with his money; that's why he required them to give him the power of attorney to operate the crdb account where all the company proceeds are being deposited.
  2. k

    kingmaker Member

    Jan 10, 2011
    Joined: Oct 21, 2010
    Messages: 51
    Likes Received: 0
    Trophy Points: 0
    I concur with u as fidicuary responspibility is not necessarily confidentiality but is pertains to acting on behalf of another....in other words real estate agents in western worlds have fidicuary responsibilities to their clients!
  3. sensa

    sensa JF-Expert Member

    Jan 10, 2011
    Joined: Nov 1, 2010
    Messages: 398
    Likes Received: 0
    Trophy Points: 33
    Mh is this how they cover their mess huh?