Seigneur is challenged over 114 directorships in Panama
Saturday 22nd December 2012, 1:00PM GMT.
SARK seigneur Michael Beaumont has denied holding 114 directorships, details of which were published in the Sark Newsletter.
Newsletter editor Kevin Delaney accused Mr Beaumont of being ‘economical with the truth’ when he denied holding a large number of directorships when questioned by the Guernsey Press last month – following a Panorama programme focusing on the Sark Lark.
The publication printed a list of 114 companies, following a law firm’s search of the Register of Companies of Panama, and alleged Mr Beaumont held positions as director, president and treasurer.
But Mr Beaumont, pictured, said he did not hold any current directorships.
‘It’s only because Panama doesn’t take names off the records,’ he said.