Chaos in Cayman over Eurobank case

What began as a money laundering trial of four employees of Eurobank has ended with the disgrace of Brian Gibbs, director of Cayfin, the Cayman Islands’ Financial Reporting Unit (FRU). Voir dire proceedings into the evidence of witness ‘EW’, an assistant manager in the bank, revealed the full extent of his role as Mr Gibbs’ informant, a fact not previously disclosed to the defence despite persistent questioning. It further transpired that Mr Gibbs, a former detective, was working for an “agency of the UK Government”, probably MI6, as part of intelligence activity against Eurobank, codenamed “Operation Victory”, in which EW was assigned the alias “Warlock”.