Archive for August 16, 2014

Cayman Fake Firma: Bankers Petroleum – Bankers Petroleum accused of 40 million USD tax evasion

August 16, 2014 Kommentare aus

Bankers Petroleum accused of 40 million USD tax evasion

By   /   21/03/2014  /   No Comments

bankers-petroleum ibnaOmer Dashi, Corporate Communcations Manager at Bankers Petroleum Albania Ltd, told IBNA that the accusations addressed by Spartak Braho are untrue

Tirana, March 21, 2014/Independent Balkan News Agency

Bankers Petroleum, a company specializing in the exploration of fuels in Albania, is accused by parliament structures of a 40 million USD tax evasion.

Spartak Braho head of the parliamentary committee on order and security says that prosecution is investigating on suspicion of tax evasion.

He says that “Prosecution is investigating, because it has been discovered that there’s been tax evasion amounting to 40 million Euros”.

“Bankers Petroleum has evaded the payment of 40 million USD worth of taxes as a result of interventions in the server of the General Directorate of Taxation. This is an issue that it’s being dealt with by the prosecution and strong evidence will soon come to light”, says Spartak Braho MP, known for the publication on the media of several suspected corruption affairs relating to MPs and senior officials in Albania.

As far as the accusations raised by Mr. Braho are concerned, IBNA demanded to hear the official positioning of Bankers Petroleum.

Omer Dashi, Corporate Communications Manager at Bankers Petroleum Albania Ltd, told IBNA that the accusations addressed by Spartak Braho are untrue.

“Bankers Petroleum denies the accusations for involvement in unlawful activities such as tax evasion and declares that during the course of its activity, it always rigorously complies with the Albanian legislation in force”.

Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on maximizing the value of its heavy oil assets in Albania. The Company is targeting growth in production and reserves through application of proven technologies by a strong experienced technical team. Bankers operations are in Albania (located northwest of Greece in South Eastern Europe).

Bankers operates and has the full rights to develop the Patos-Marinza and Kuçova heavy oilfields pursuant to 25 year license agreements with the Albanian National Agency for Natural Resources (AKBN) and a Petroleum Agreement with Albpetrol Sh.A (Albpetrol), the state owned oil and gas corporation.

The Patos-Marinza oilfield is the largest onshore oilfield in continental Europe, holding approximately 5.4 billion barrels of original oil in place. The Kuçova field has 297 million barrels of original-oil-in-place.

Bankers also holds a 7 year exploration license on a 185,000 acre block named “Block F”, which is both contiguous to the Patos-Marinza field and is also prospective for natural gas.

Bankers shares are traded on the Toronto Stock Exchange (TSX) and the Alternative Investment Market (AIM) in London, England under the ticker symbol BNK. /ibna/

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