Top Bank Executive Detained At Immigration Road Block

An executive of an offshore bank at New Providence was taken into custody and held at the Carmichael Road Detention Centre yesterday as part of the continuing the crackdown by Immigration officials.

Emmanuel Fiaux, Executive Director at UBS Bank, East Bay Street, was stopped by officials and asked to produce proof of legal residency during a road block, according to sources close to the matter.

Upon explaining that he did not have the documents present, The Tribune was told that Mr Fiaux, who was noticeably irritated by the officers requests was “roughed up” and thrown into a government vehicle. He was then taken to the Detention Centre and held there until the appropriate papers were produced.

UBS is headquartered in Zurich and Basel, Switzerland, and is located in all major financial centres in 50 countries worldwide. It employs an estimated 61,000 people around the world.

The incident comes just as Financial Services Minister Ryan Pinder spoke of the government’s efforts to improve the ease of doing business in the country for high net worth individuals.