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Vol. 3 Issue 79 www.gibraltarolivepress.com September 12th - September 25th 2018
September 12th - September 25th 2018
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The Olive Press celebrates its 300th issue, find out why we are Spainâs best English newspaper in our special supplement, SEE INSIDE
Give it back EXCLUSIVE By Elisa Menendez
EXPATS may have lost millions over the suspicious collapse of a foreign exchange firm being probed over âcriminal activityâ. Dozens of victims have lost up to âŹ400,000 each after Premier FX Limited was forced into administration by the UKâs Financial Conduct Authority (FCA). It comes after the firm - which operated from Mallorca, Portugal and London - suddenly stopped trading on July 27, following the death of director Peter Rexstrew. Since then, hundreds of clients, many of them expats, have been left completely in the dark and unable to access their funds.
Action
The group have now formed an action group with nearly 200 members demanding immediate answers. One British expat, based in Mallorca, told the Olive Press she has no idea what has happened to the âŹ30,000 she was holding with Premier FX. âI had used them for many years and there were never any problems,â explained the 69-year-old, who asked to remain anonymous. âI had transferred the money and was waiting for the exchange rate to improve. âThe next thing I knew, the money was gone. I feel sick about it,â added the pensioner, based in Palma. Another entrepreneur told the Olive Press she is missing a staggering âŹ400,000. The UK-based businesswomContinues on page 5
Teresa May joins the National Day celebrations promising to stand shoulder to shoulder over Brexit By Laurence Dollimore
âGIBRALTAR is Britishâ was the overriding message at this weekâs National Day celebrations as hundreds took to the streets to wave banners and flags in possibly its biggest
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British to the core show of patriotism ever. The party couldnât help but take a political tone as Brexit looms and some Spanish politicians continue to lay claim over the British overseas ter-
ritory. Even British Prime Minister Theresa May chimed in on the celebrations with a video message vowing to continue supporting the Rock post-Brexit. âToday as we mark Gibraltar National Day I can assure you that this will not change as we leave the European Union,â she said in the clip, which was played on a big screen to crowds. âWe joined the EU together. We are leaving together and as we step forward into the latest chapter of our shared history we will once again do so together. âThe Government of Gibraltar is fully involved in the Brexit negotiations and nothing will ever weaken our commitment to the people who call the Rock their home, as long as the people of Gibraltar want to remain British. âBritish is what the people of Gibraltar will remain and there should be no doubt whatsoever about our commitment to the double lock, a commitment as solid as the Rock of Ages itself. âGibraltar is a vital part of the
UKâs past, present and future and Iâm immensely proud to help you celebrate it today.â The optimism was shared by Chief Minister Fabian Picardo, who vowed to turn Brexit âinto a winâ, saying the EU divorce would âneither defeat nor define Gibraltarâ. He said: âIn or out of the European Union, we are a hardworking people of peace, of goodwill, a people who will ensure that our Rock is always first, foremost and for-
ever the homeland of the Gibraltarians. âOur ancestors came from every shore of the Mediterranean and beyond, from Genoa, Malta, India, North Africa, Britain,â he said. âThey built their dreams in the face of adversity. We overcame every siege to live the British dream. Leaving the EU is just one more step on our journey.â Some 96% of Gibraltarians voted to remain in the EU.
SHOWING SUPPORT: UK PM Teresa May