Division of Banking and Insurance to Close for Two Days

The Division of Banking and Insurance will be closed on Tuesday, Oct. 25, and Wednesday, Oct. 26.

Audio Galleries

Three events are slated for the opening of the school year – V.I. Fathers Back to School Barbecue and Fun Day on Saturday, Aug. 27; the Back to School Days of Prayer on Saturday , Sept. 3, and Sunday, Sept. 4; and the V.I. Fathers March on Sept. 6, the first day of school for public schools in the territory. Organizers are encouraging fathers to take their children back to school starting on the first day.

Currently:Click for Saint Croix, Virgin Islands Forecast

Source Picks

Woodley Charged with Firearm Possession

Karim Woodley, 39, of St. Croix, Virgin Islands, was arraigned today before U.S. Magistrate Judge George W. Cannon after being charged in a three-count information, U.S. Attorney Ronald W. Sharpe announced. 

2016-10-24 18:34:55
Police Arrest Suspect Believed 'Armed and Dangerous'

The V.I. Police Department on Saturday arrested 21-year-old Ameade Williams, who police said was considered armed and dangerous. 

2016-10-24 17:54:57
Beach Advisory for October 17-21

The Department of Planning and Natural Resources (DPNR) announces that the Beach Water Quality Monitoring Program, which evaluates weekly water quality at popular swimming beaches throughout the territory by sampling for enterococci bacteria and turbidity, which is a measure of water clarity, advises the public of the following:

2016-10-22 03:11:15
Local news — St. Croix
CommentLog in or Register to CommentE-mailE-MAILPrintPRINT
Diageo Parent Company to Pay $16M to Settle Bribery Case

Diageo PLC, the London-based parent corporation of Diageo USVI, agreed Wednesday to pay about $16.4 million to settle civil allegations of bribing government officials in India, Thailand and South Korea, the Associated Press reported.

The company did not admit or deny wrongdoing but agreed to refrain from future violations, according to the AP report. Diageo was accused of bribing the officials to get sales and tax benefits for its Johnnie Walker and Windsor Scotch whiskeys and other brands.

The Securities and Exchange Commission on Wednesday announced the settlement with the company, which is the world's largest maker of distilled spirits. The SEC had accused Diageo of paying more than $2.7 million in bribes through subsidiaries in the three countries from 2003 to 2009.

On St. Croix, local representatives of Diageo USVI, the company's distiller of its Captain Morgan's Spiced Rum, said the issue was a corporate, not a local issue and referred questions to the corpration's U.S. headquarters in New York.

The corporation's public relations office issued a statement noting the SEC investigation related to payments involving Diageo’s subsidiaries. Under the settlement Diageo has agreed to pay $13.4 million to the SEC in disgorgement of profits and pre-judgment interest, to pay a $3 million penalty to the SEC, and to cease and desist from committing any further violations.

"Diageo takes the SEC’s findings seriously and regrets this matter," the corporate statement said. "Systems and controls have been enhanced in an effort to prevent the future occurrence of such issues and to reinforce, everywhere the company operates, a culture of compliance and commitment to the principles embodied in Diageo’s Code of Business Conduct."

Diageo opened its Captan Morgan's distillery on St. Croix in November 2010 and earlier this month began construction on a $4 million visitor center.

Read more stories in Local news»»