Attorney Peter Karam is set to appear before Chief Magistrate Jolyon Hatmin on May 11, in relation to an extradition request from Argentina. He is wanted in the South American country to answer to charges connected to an alleged conspiracy to launder assets obtained through criminal activity contrary to the laws of Argentina. Reliable sources have confirmed to the Weekly News that Karam has been granted bail by Argentinian court with conditions that he surrender to its jurisdiction.
Should he comply with those terms, then the Argentinian court has indicated that they will withdraw the request for his extradition.
As it stands currently, our sources say the request remains live, and the proceedings will come up again in the TCI court for Karam’s determination as to whether he will satisfy the conditions of his bail in Argentina.
That bail, according to sources, is in excess of $1 million.
The extradition request from Argentina was publicly confirmed by Attorney General Hon. Rhondalee Braithwaite-Knowles on July 3, 2019.
At the time she said: «Following a provisional warrant of arrest issued by the Chief Magistrate, Tanya Lobban-Jackson on June 28, 2019, Canadian attorney Peter Karam was arrested and brought before the court and subsequently released on conditional bail following a brief hearing on July 2, 2019.
«Mr Karam is the subject of an extradition request made lawfully and properly by the Republic of Argentina to the Turks and Caicos Islands in accordance with the relevant treaty in place between the United Kingdom and Argentina, as extended to the Turks and Caicos Islands.”