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Allegations

Keith King panned in Isle of Man judgment

A now defunct Isle of Man stockbroking company controlled by offshore businessman Keith King has lost a second civil lawsuit brought by a former client. Defendant City & International Securities was found to have illegally transferred GBP200,000 out of the account of The Mannin Foundation, of Liechtenstein, to fund a new stockbroking firm that collapsed within 12 months and was compulsorily wound up by the Isle of Man High Court.

Resumption of Isle of Man trial involving Keith King company

A civil trial in the Isle of Man involving a company controlled by Keith King, the founding boss of the First Nevisian group in Nevis, was due to resume on May 30.The trial, which was adjourned earlier in the year, concerns a claim for GBP200,000 (approximately US$300,000) made against King's firm City & International Securities by former clients Virginia Anne Callow and Dr. Herbert Batliner, as Trustees of The Mannin Foundation.