ROAD TOWN, British Virgin Islands (AP) _ H. Lavity Stoutt was sworn in as chief minister of this British colony Wednesday after his Virgin Islands Party won five of nine parliamentary seats.

The election was held Tuesday, six weeks after Stoutt's party filed a no- confidence motion against former Chief Minister Cyril Romney who was associated with a company accused of involvement in laundering drug money.

Romney denied any wrongdoing and never was charged.

The United Party, which won four seats in the 1983 election and formed a coalition government with the independent Romney as chief minister, won two seats in the Legislative Council.

Romney and E. Walwyn Brewley, the minister of communications, works and public utilities in the previous government, ran as independents and retained their council seats.

Stoutt's Virgin Islands Party won four seats in the 1983 election.

The British Virgin Islands has slightly more than 12,000 residents, nearly 6,000 of whom were eligible to vote.