The Government of Antigua and Barbuda says British investor Peter Virdee has provided an explanation as to his alleged involvement in a major tax scam.
Last week, the 43-year-old British businessman, who has invested in Antigua and Barbuda, was arrested at Gatwick Airport under the European Arrest Warrant, on behalf of the German authorities, after being accused of being the master mind of an alleged £100 million tax scam.
However, according to the Government, both Mr Virdee and his lawyers in the United Kingdom, provided information concerning reports that he is the subject of an extradition request by the German authorities.
According to the government, based on information provided and Virdee’s intention of taking every step to clear his name, no further action is necessary on the part of the government.
A release said nonetheless that government officials will monitor the investigation closely as it develops.
Virdee was named as an investor in an almost 1,000-acre development on Barbuda, and his company built and installed the solar power plant at the V.C Bird International Airport.