The PR referenced concerns made to management by PTSC shareholders. The account has since been closed.

You make a valid point when you say that the account was probably there for legal financial reasons.

I think that most people would agree that for many years it was believed that an offshore account was a way to hide profits from illegal activities.

I did report that I found in Bermuda an account listed for Intellasys BEC. TPL has a subsidiary named Intellasys. This is an active account in Bermuda, which was opened in 2006.However, I don't know if it belongs to TPL.

One can draw their own conclusions based on information provided.