Cayman Islands premier McKeeva Bush arrested

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The premier of the Cayman Islands has been arrested as part of a corruption investigation.

The charges against McKeeva Bush, 57, include misuse of a government credit card and importing explosive materials.

Mr Bush has been in power since his United Democratic Party (UDP) won general elections in 2009.

The British overseas territory is one of the world's largest financial centres and a well-known tax haven.

Reports are that Bush has been arrested on suspicion of: Theft, in connection with financial irregularities relating to the alleged misuse of a Government credit card, and Breach of trust, Abuse of office and Conflict of interest, contrary to S13, S17 and S19 of the Anti-Corruption Law 2008 respectively, in connection with the alleged importation of explosive substances without valid permits on or before February 2012.

This follows only a few days after the arrest of Michael Misick, the former premier of the Turks & Caicos Michael Misick, who was detained in Brazil on Dec.7 in connection with allegations of corruption.