Having been in Turks & Caicos twice, and dealt with them to some extent, I can confirm Britain's findings:
Britain has imposed direct rule on the Turks and Caicos Islands after an inquiry found evidence of government corruption and incompetence.

...

Politicians are accused of selling crown land for personal gain.

...

[The British government] examined the actions of the Turks' Cabinet and Assembly and found "information in abundance pointing to a high probability of systematic corruption or serious dishonesty".

It also concluded there were "clear signs of political amorality and immaturity and of a general administrative incompetence".
In my experience, this is exactly how it was.

The Turks & Caicos are fortunate. They have a foreign power to watch over them. This same amorality, immaturity, and incompetence takes place all over the Caribbean. Except that, in most places, there's no one to intervene. So it just goes on, and on, and on.

The British are intent on holding elections for a new government in TC in two years or sooner. My forecast is that the next democratic government is not going to fare much better than the last, and that a new intervention will be necessary within a number of decades.

Before the previous such intervention, in 1985, the then Chief Minister of TC and two others were arrested in Miami for transporting cocaine.