Saint Lucia’s Citizenship by Investment Board has issued an official statement in response to MSR Media’s voluntary dismissal of its US federal RICO lawsuit.
MSR Media voluntarily dismissed its lawsuit on December 12. The suit had named Mc Claude Emmanuel, CEO of Saint Lucia’s Citizenship by Investment Unit, among other Caribbean officials.
The Board has characterized the legal action as “baseless” and aimed at tarnishing the Unit’s leadership and “its network of key partners, including banks, authorized agents, and promoters.”
“The lawsuit had no merit from the outset,” the Board maintains, describing it as “a frivolous attempt” to undermine the credibility of the Citizenship by Investment Program and its management.
MSR Media and its principal Philippe Martinez, whom the Board identifies as “a developer based in Saint Kitts with no business ties to Saint Lucia,” had filed the case in the US District Court Middle District of Florida.
MSR Media attributes the dismissal to the defendants’ immunity claims and prohibitive legal costs, stating they have “submitted substantial evidence of fraud, money laundering, and corruption” to US authorities.
The Board counters this narrative, characterizing the lawsuit as “a failed attempt to threaten, embarrass, and extort” their organization. It claims that MSR Media launched “last-minute attempts for a financial settlement,” but the government rejected them.
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