Ashcroft's bank lent millions to disgraced premier

[oldironside]

Companies linked to Lord Ashcroft, the billionaire deputy chairman of the Conservative Party, helped finance the lavish lifestyle of the disgraced prime minister of Turks and Caicos islands, an Independent investigation has found.

Lord Ashcroft's British Caribbean Bank (BCB), which is run locally by his son Andrew, advanced a $5m (£3m) loan to Michael Misick, and a construction company associated with the peer built and funded a beachfront mansion for the premier, who was ousted from power in the British overseas territory in a corruption scandal this year.

http://www.independent.co.uk/news/uk/politics/exclusive-ashcrofts-bank-lent-millions-to-disgraced-premier-1823207.html