A luxury villa, a Mercedes jeep, yachts and cash in suitcases - Caymanian Compass.a dossier on Tvind, Planet Aid and IICD.

 

Tvind assets:  property, yachts, offshore accounts, plantation

Grand Cayman   -   a secretive tax haven island associated with dirty money   -     was reportedly Mogens Amdi Petersen's Caribbean hideaway during the 1980s, until this was exposed in 1991.     Rick Catlin, a tenacious local journalist, chronicled the activities of 'the Scandinavians' who allegedly bought a $500,000 beachfront condominium, a Mercedes jeep and several boats on Grand Cayman.   There were also extensive orange groves.    Catlin reported seeing Tvindies entering banks in Grand Cayman with 'briefcases full of cash'.

Following these disclosures Tvind claimed it had sold the properties.

    Eastover Properties Ltd

    Tropical Farming Ltd

    Tropical produce Ltd

    B&B Shipping

    Distributors and Merchandisers International

    Furtherland Farming Ltd

    Furtherland                 Mango farm

    High Rock 

    [sources:  Danish press, Leif Gunnar Lie]

 

Click here to read articles from the Caymanian Compass:

Media links Danish organisation to arms

Tvind being investigated

Click here to read about Tvind on the Caymans in the Washington Post:

Do Cayman Islanders keep secrets?  Don't even ask

"During the early 1980s Tvind established two charitable foundations, Common Ownership Fund  [Faelleseje]  and Estate.    Between 1983 and 1987 around 7 million was transferred from the general fund to the foundations to buy properties for the Tvind schools, as well as plantations In St. Vincent, St. Lucia, Grand Cayman and Belize......

"Through a third foundation, Thomas Brocklebank, Tvind also acquired B&B Shipping. Its address - P0 Box 103, Bodden Town, Grand Cayman - was the same as those given for at least two other Tvind firms."

[Source: The Guardian]

"As an example of real estate bought by Tvind is a luxury villa in Bodden Town for around 60 million US$ (4.1. million DKR) and a rather large landed estate called High Rock."

[Source: Norwegian Movement Against Tvind leaflet] 

Financial Director Henning Bjorlund allegedly married Vibeke in 1986 in the Cayman Islands 'to save a few kroner'            [Source:  Ekstra Bladet]

Until 1989 Tvind owned a company called Distributors International Ltd with its holdings on Grand Cayman.    The Chamber of Commerce in Arnhem still has a file about that.  The shares are in the hands of three Danes who, according to Interpol, used false names on Grand Cayman.  'Henry Henning'  (Henning Bjornlund, the financial brain behind Tvind), his wife, 'Vibeke Henning'  and 'Jesper Lubert'.    "Starters of Tvind," knows Brunklaus.  "Henning was an accountant at Tvind, his wife and Lubbert both Tvind-teachers."       [Source:  Rotterdam Dagblad, 1995]

 

"....How successful was the business on Grand Cayman?    "Petersen owned a huge villa there," the former Tvind-teacher states.  "I remember a couple of Tvind-teachers running away there.  They had to dig a swimming pool.   The existing pool was smaller than that of the neighbours and Petersen did not like that."       [Source:  Rotterdam Dagblad, 1995]