The beach party’s over
13 September 2012
The Seychelles Economic Development Act was an open invitation to money launderers and drug lords. But, say Peter Sammons and Nigel Shaw in the second of three articles on corruption, new laws could soon spoil their fun
In 1995, the Seychelles government passed the innocent-sounding Economic Development Act. A provision offers foreigners who invest more than $10 million in the country immunity from prosecution for all criminal offences. The statute provides that the law can be changed only through a national referendum and a constitutional amendment. It is an open, official, and...