Got TIPS or BREAKING NEWS? Please call 1-284-442-8000 direct/can also WhatsApp same number or Email ALL news to:newsvino@outlook.com;                               ads call 1-284-440-6666

$5M Bank of Asia deposit ‘under consideration by Auditor General’- Gov Pruce

- said there is nothing more for him to add
Governor Daniel Pruce has said the matter regarding the government’s deposit of five million dollars of public funds into the now defunct Bank of Asia BVI Limited is in the hands of the Auditor General. Photo: Facebook
The Virgin Islands (VI) Deposit Insurance Corporation (VIDIC), with the intervention of the British Virgin Islands Financial Services Commission (FSC), took the necessary action to shut down the operations of the Bank of Asia (BVI) Limited on May 28, 2025. Photo: Facebook
The Virgin Islands (VI) Deposit Insurance Corporation (VIDIC), with the intervention of the British Virgin Islands Financial Services Commission (FSC), took the necessary action to shut down the operations of the Bank of Asia (BVI) Limited on May 28, 2025. Photo: Facebook
Leader of His Majesty’s Loyal Opposition, Hon Myron V. Walwyn (R6), had written to Governor Pruce to conduct a separate investigation into the over five million dollar deposit in the now defunct Bank of Asia BVI Limited. Photo: YouTube
Leader of His Majesty’s Loyal Opposition, Hon Myron V. Walwyn (R6), had written to Governor Pruce to conduct a separate investigation into the over five million dollar deposit in the now defunct Bank of Asia BVI Limited. Photo: YouTube
Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) said to reassure taxpayers and ensure full transparency, he is requesting an internal audit to review this specific transaction. Photo: YouTube
Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) said to reassure taxpayers and ensure full transparency, he is requesting an internal audit to review this specific transaction. Photo: YouTube
ROAD TOWN, Tortola, VI- Governor Daniel Pruce has said the matter regarding the government’s deposit of five million dollars of public funds into the now defunct Bank of Asia BVI Limited is in the hands of the Auditor General.

The Virgin Islands (VI) Deposit Insurance Corporation (VIDIC), with the intervention of the British Virgin Islands Financial Services Commission (FSC), took the necessary action to shut down the operations of the Bank of Asia (BVI) Limited on May 28, 2025. 

Following news of the bank’s closure, Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) disclosed that as of April 30, 2025, the government had five million, thirty-five thousand, nine hundred and forty-seven dollars in the bank. 

Premier Wheatley also said that to reassure taxpayers and ensure full transparency, he was requesting an internal audit to review this specific transaction. 

Matter in hands of Auditor General

However, Leader of His Majesty’s Loyal Opposition, Hon Myron V. Walwyn (R6), had written to Governor Pruce to conduct a separate investigation into the over five million dollar deposit. 

When asked about this at his recent press conference on August 26, 2025, Governor Pruce said the matter is under consideration by the Auditor General. 

“As you know, it is entirely for the Auditor General to determine how she conducts her investigations, and that includes the finalisation of her reports and their submission.”

Governor Pruce did not entertain the question further, adding, “There’s nothing more for me to add on that beyond the fact that the matter is with the Auditor General.”

See links to related stories:

https://www.virginislandsnewsonline.com/en/news/vi-regulators-to-close-bank-of-asia-bvi-limited

https://www.virginislandsnewsonline.com/en/news/vi-govt-has-5m-in-failed-bank-of-asia-bvi-ltd

https://www.virginislandsnewsonline.com/en/news/premier-wheatley-refutes-alleged-govt-complacency-w-bank-of-asia-bvi-limited

https://www.virginislandsnewsonline.com/en/news/i-wrote-the-governor-on-5m-bank-of-asia-deposit-hon-myron-v-walwyn

7 Responses to “$5M Bank of Asia deposit ‘under consideration by Auditor General’- Gov Pruce”

  • resident (04/09/2025, 12:28) Like (15) Dislike (0) Reply
    the premier needs to tell the truth, either he knows who did it or he is incompetent
  • BuzzBvi (04/09/2025, 12:30) Like (12) Dislike (2) Reply
    Shouldn't it be the Police that are investigating this fraud on the people of the VI?
  • asking for a friend (04/09/2025, 12:53) Like (4) Dislike (15) Reply
    What about the 2 million high school wall and the 1 million teachers dinners under Myron
    • Lets hope it wasnt moring when he had it (04/09/2025, 15:15) Like (0) Dislike (0) Reply
      Where was that dinner help?
    • The Commenter (04/09/2025, 16:00) Like (1) Dislike (0) Reply
      So it gone from $1M to $2M now?

      Try put back AF calculator where you tek it up from yuh hear.
  • News (04/09/2025, 13:24) Like (5) Dislike (2) Reply
    It will get to the Police after the Audition, if there’s anything fishy.
    But remember how Trump try everything to take the focus away from the Ep files So might it be on this one.
  • 2024 (04/09/2025, 15:39) Like (2) Dislike (0) Reply
    but no one goes to Jail for these White Collar Movements

    Tax Payers Money miss manage yet no accountability to the people and that’s not right

    Embezzlement is criminal conduct


Create a comment


Submit comment

Create a comment

Submit comment
Disclaimer: Virgin Islands News Online (VINO) welcomes your thoughts, feedback, views, bloggs and opinions. However, by posting a blogg you are agreeing to post comments or bloggs that are relevant to the topic, and that are not defamatory, liable, obscene, racist, abusive, sexist, anti-Semitic, threatening, hateful or an invasion of privacy. Violators may be excluded permanently from making contributions. Please view our declaimer above this article. We thank you in advance for complying with VINO's policy.

Follow Us On

Disclaimer: All comments posted on Virgin Islands News Online (VINO) are the sole views and opinions of the commentators and or bloggers and do not in anyway represent the views and opinions of the Board of Directors, Management and Staff of Virgin Islands News Online and its parent company.