Lord Ashcroft

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The Independent Online

On 20 November 2009 we reported that Lord Ashcroft had denied that in 2007 the British Caribbean Bank had lent $5m to Michael Misick, the then Prime Minster of the Turks & Caicos Islands. In fact Lord Ashcroft's denial related to the allegation made in our report of 19 November that he or his companies had made loans to Michael Misick in connection with the construction of his mansion or to fund his lavish lifestyle. Lord Ashcroft has made no other comment in relation to any alleged loans and we regret this inaccuracy.