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Showing posts from March, 2017

An Overview of the Panama Papers

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Financial professional Lester Turnquest serves as deputy chairman of the Water and Sewage Corporation of the Bahamas. A managing director with Green Bay Group Ltd. in Nassau, Lester Turnquest hosted a live broadcast to explain the economic impact of the Panama Papers in 2016.  Considered one of the most impactful information leaks in history, the Panama Papers shed light on questionable tax practices from politicians, business leaders, and other international figures. In April 2016, an anonymous source leaked 2.6 terabytes of data from the Panama law firm Mossack Fonseca to the German newspaper Suddeutsche Zeitung. Due to the sheer quantity of data, Suddeutsche Zeitung recruited hundreds of journalists to sort through the documents, a process that spanned several months. Most of the information leaked in the Panama Papers involved the practice of creating shell companies to hide taxes from national governments. Several world leaders were implicated in the Panama Papers, including U

Bahamas Red Cross – Seeking Supplies for Hurricane Matthew Victims

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Managing Director Lester Turnquest supervises all operations of the Green Bay Group in Nassau, Bahamas. Alongside his dedication to his firm, he plays an active role in several local organizations in the Nassau area. Lester Turnquest enjoys supporting the Bahamas Red Cross and its important work.  The Bahamas Red Cross is the local arm of the International Red Cross. It provides assistance in times of national emergencies as well as ongoing support to alleviate suffering in the Bahamas.  The Bahamas Red Cross is currently seeking supplies and assistance to meet the needs of Hurricane Matthew victims. The 2016 storm struck the Bahamas in early October, registering as a Category 4 hurricane. Relief efforts are ongoing, and the Red Cross is requesting donations of water, nonperishable food, and basic hygiene supplies. The organization also requires clotheslines and pins, tarps, portable stoves, flashlights, and supplies for children. The Royal Bank of Canada Bahamas on John F. Kennedy