Cahill Final Agreements, DISCLOSED!
Prime Minister Fruendel Stuart
The following documents are posted to BU in the interest of the public of Barbados. […]The government of Barbados ought to be ashamed, very ashamed. The media in Barbados ought to be very ashamed they have not called for the resignation of the Fruendel Stuart government. Let us demand accountability from the government, NOW!
Barbados Underground 
In the eyes of DLP re 2008 elections, it does not look like Owen’s sell by date has passed after all, as told back then by David Thompson, deceased. Owen should watch that he is not being used as a beard and his name called in the Cahill mone laundering scam. DLP did not realize the Cahill Documents would be released that soon…lol
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@ Gabriel November 2, 2015 at 9:29 PM #
We see now why Stuart could not tell Michael Carrington to step down as Speaker.Carrington had the goods on Stuart just like Bizzy,Cow,Bjerkham,Jada,
Maloney and god knows who else.
…………………………………………………….
I would like to hear the ac’s with this Mr Integrity talk now……………..
This a man who always had this black pride talk and heads a party who always talking about “we are for the black masses”. Look how the crooks are selling our our children’s future to a white woman………………and the hurtful, disappointing thing is …they have lied to us to our faces.
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@ Prodigal Son November 3, 2015 at 2:22 PM
“I remember the nasty 2013 ads likening OSA to a PARO.”
That alone should make OSA stay far from the Stinkliar & Lying Fumble offer. He should not touch it with a barge pole unless those >***???? apologize by way of similar ads.
Imagine asking a paro to look after your jewelry when the drug pusher has a stash of crack and illegal Gold Buyers are just around the corner.
The DLP is just one shameless bunch of liars prepared to sell out Barbados. Poor OSA, not the BLP, would be losing his soul if he finds himself in bed with devil and this pack of wicked wild boys.
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@ millertheanunnaki November 2, 2015 at 8:24 PM #
@ Prodigal Son November 2, 2015 at 7:40 PM
What do you think about Stinkliar’ s signature? His signature says a lot about that lying emotionally confused psychotic bastard.
Is there an in-house (BU resident) graphologist?
……………………………………….
miller,
I had to smile…………….Big O is like his brain…………zero! Empty! Hollow!
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It’s very hurtful that the politicians don’t have not even a little respect for their ancestors or generations of their own people yet to be born, that is why am adamant that a complaint be made to international agencies and the international community be made aware of what is happening, they would not know unless told. When a scam of that magnitude is set up despite the protestations and concerns of taxpayers, you know something is wrong.
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Miller
You and I know that Fumble and Stinkliar don’t need no advice from anyone, economic or otherwise. What those two want is someone to start the privatisation ball rolling, someone to be the face of it and someone upon whom they can lay the blame when they looking for votes again in 2018.
OSA don’t go no shame whatsoever.
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Can anyone see a similarity between how the gob went about this dishonest underhand deal and the manner in which the directors of Banks Holdings entered into a secret deal with AmBev?
Maybe this is the new way of doing business in Barbados. It called “Mushroom Management” – keep them is the dark and feed them bullshi*!
I still await informed recommendations on how to deal with this poor rakey dishonest pack of liars. Waiting for two more years is not an option. I am sure that they know reelection does not factor into the equation, in which case the attitude will be “How much more can I salt away before judgement day”?
Can the nation afford this? What a way to celebrate our 50th. I sure as hell won’t be among the maddening crowd.
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I am going to say over and over the PM and his Ministers can not help then self, the curse must take it course , to hear the MoF asking OSA for help after all he said about OSA is a demonstration the severe brain damage he may have suffered in the pass 7years that he cannot remember , at last he has join his advisers who has lost their memories , if OSA accept ,we will know he also lost his memory ,
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I have to agree with you Willie……..their ass is grass……….
……..They have maxed out the NIS credit card…………….the Chairman admits that 75% of NIS monies are in government paper…….Dr Mascoll says that 75% equals THREE BILLION dollars. Tell me where or when these morons will be able to repay the NIS? The money the dems took out of NIS to build the Warrens buildings were to be rented and the rents paid back into NIS. It is doubtful if this is being done.
………..Corporation taxes are down
………..VAT receipts are down
……….Despite increase tourist arrivals, the spend was down
……….The foreign reserves are down
……..But they are still spending like drunken sailors on shore leave.
What’s left to do now? Start selling assets that they had no part in acquiring. In 2013, Fumble said no privatization under his watch.
So OSA could go and join them and then they lay the blame on him. These dems are dangerous operators……….OSA knows this very well!
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I bet there is no one on here, except those who are just like Fruendel, et al, who don’t want to see these people get their comeuppance for how they have bilaterally sold out the island and it’s people, what is the justification, it certainly cannot be to get rid of some garbage and old tires. You don’t sell a whole country to get rid of garbage, where the hell did that lot go to school anyway.
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I must compliment David for being able to obtain this latest set of documents. I know that he will never reveal his sources because God knows by now I would have had to sell my house if he did. So I respect his confidentiality but I am speculating and would suggest that these documents would only have been in the possession of two parties – Cahill and the Government. It would make absolutely no sense for the Government to reveal the nastiness contained in the documents. Only Cahill is left and I would speculate that revealing these documents tends to suggest that the act of doing so resides in the realm of a woman scorned. Nothing else explains the motive for releasing the documents. I can only ask which scorned woman got her hands on these documents. I am going down buddy you coming with me.
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Or, Caswell, a hacker was at play, these people have much to hide, but at this time, nothing is safe, particularly wrongdoing.
How does it go again, ya can hide and buy land but ya can hide and work it, or in this case sell it…lol
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There are exactly two scenarios for what will happen during the week before next election:
1) Wee see lots of people in St. Michael constituency with big eyes, cans of corned beef and glass beadmaking. Simpson Motors makes a deal with government about 10 S-class, 50 E-class and 50 GL-class, fully loaded of course with individual leather and monogram “DLP”. A new gated community is announced between Sandy Lane and Royal Westmoreland for very special people.
2) We see at the airport waiting planes: a jumbo jet for VIPs and 2 Antonov for furniture and cars. DLP North America and UK anounce new members. There is also smoke above government house caused by burning documents day and night (not to mix up with Cahill, please). S & P changes outlook from negative to positive.
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@RastaR
Believe there is a move afoot to ask for judicial review.
On 3 November 2015 at 16:06, Barbados Underground wrote:
>
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I swore that this CAHILL mess would have been the undoing of this admiinistration. I was wrong. Why was I wrong? Simply because we Bajans are very strange people. I will no longer blame this admiinistration. That they have been able to survive this tells me that PM Stuart is a people’s person, and the will of a contented lot must not be challenged.
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@Caswell Franklyn November 3, 2015 at 6:11 PM #
I too compliment David for being able to obtain all of the documents he has posted here including these most recent ones.
I do however not think the source to be MECC. Why would she have leaked her personal (Canadian) income tax data.
She is indeed a woman scorned, but I think she will leave it to Taylor Wessing to extract her revenge – if Taylor Wessing is still acting for her.
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What is most bothersome about this mess is the fact that even after a change of government not one effing person gets jail time for this sham.
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I still have hope that something else will surface to catspraddle these nasty dems. They have proven themselves to be unworthy to hold high office.
I questioned Freundel Stuart’s judgement when he did not ask the Speaker to resign but instead told him to get a lawyer when the man was clearly wrong and unethical in his law practice. But I never thought that a man who pretended that he is so upright could be such a blatant liar and deceiver.
I can only hope…………….
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As you all can see Niggers are for sale at all prices in Barbados, Best Slaves are the Minsters them self , Vote them all out and lets see if we can put them in Jail.
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This is a sad day for Barbados.
Not just because of the revelations seen in the BU leaks, but by the fact that many of our posters seem to have thrown up our hands in the air and concluded that even though these leaks confirm that our Government, headed by Freundal Stuart, has now been shown to be the most inept, incompetent, lied and perhaps venal one in the Caribbean and possibly the World, that we can only expect the slide in our economy, governance, crime and punishment thereof to escalate in the near future as the populace treats the matter as business as usual .
There seems not to be the necessary outrage that could make a difference and send these scum packing. I did not hear anything about the leaks on Brasstacks today. It was obviously not carried in the Newspapers. I heard no one discussing it. Freundel and his Ministerial and legal musketeers have dumbed down our population to a level where there appears to be no coming back.
It hurts that once proud Barbados has now come to this. We are confirming that we are merely a bunch of Brassbowls suitable only for peeeing in or on by our dishonourable politicians and money grabbing millionaire class.
The Church has to come out of its slumber and avoidance of commentary on this matter. So too must Civil Society. That the Opposition should be on top of this goes without saying. This matter is more important to the future of this country than some of the others that they marched against. They must communicate with the people and organise to get the Freundal Stuart administration to leave office before February next year.
The unacceptible behaviours revealed in the leaks and the manner in which the matter has been prosecuted so far cannot be allowed to taint good governance here.
BU can do more. Not David. He has stuck to the task in a way that labels him to be a true patriot. It’s we others that need to find a way to mobilise and let these misfits realise that they are no longer welcomed in the seat of Government here.
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QUOTE FROM FACEBOOK.
“Wow!!!!
I am reliably informed that the Government of Barbados has agreed to pay it’s local lawyer $5.7 million dollars in legal fees for his advice on the Cahill agreements. If this is true, they should seek to recover the $1.7 million dollars that he has already sent invoices for and which he has already received.
Having reviewed the Cahill Agreements published on Barbados Underground, I really don’t see anything in here which protects the Government’s interest. In fact, they need not have hired a lawyer at all, since the agreement is completely one-sided.
We have to wonder, for example, why the Government of Barbados would agree that the governing law would be “English law”. It cannot be doubted that the term “English law” means the laws of England and Wales. Isn’t it preposterous that our sovereign state contracts for a project to be executed in Barbados by a Barbadian incorporated entity, Cahill Energy (Barbados) Ltd, but that the laws of the U.K. will govern the contracts and any dispute arising therefrom?
And get this – all the talk from the Prime Minister that the project can’t proceed without Planning permission, and he is the Minister for Planning, so we don’t need to worry- clause 4.12 of the Implementation Agreement dated March 15th 2014 stipulates: The Government SHALL ENSURE that all Relevant Authorities (which includes Town Planning) GRANT ALL authorizations AS APPLIED FOR……
In other words, the Government has agreed that the Town Planning office will grant the permissions to Cahill “AS APPLIED for”. They have agreed to hobble the discretion of the town planning office!! You and I must accept the decision of the Town Planner, but Cahill does not. They are contractually guaranteed to be granted the permission under the Agreement.
And the Barbados Water Authority is similarly contractually bound to grant Cahill permission to dig “one (1) or more artesian or deep wells…at the site..” Even if the BWA does not think it is a good idea, even if they disagree, it MUST grant the permission to Cahill to dig. And “one or more”? That simply means that Cahill has the right to dig as many wells as they want!
These are just a few immediately evident issues that I have chosen to highlight. I assure you that they are many more.
So I come back to the question, just what legal advice did the government pay for that is worth $5.7 million dollars?
Perhaps we could bring an action to have various clauses declared null and void, since you cannot contract out of a discretion, as with Town Planning decisions, and BWA permissions, but what would be the point? They would end up granting the permissions any way, since the buck stops with the PM and his Cabinet Ministers, all of whom must now save face!!”
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@Peter Gilkes can you provide a response if our last convo is consideted or ask Denis Lowe to?
@Ac justify.
@Alvin Cummins explain.
Where is BAPE?
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Cammie Holder, what is it that you want Alvin the pretender Cummins to explain? The defenses mounted by the AC brigade have up until this point been base on cloak and stab ya tactics. Alvin the Pretensive One, is all about superfluity but hardly any substance. Alvin Cummins, the AC Defend band, and the DLP are like a gated community in the heart of a fiery furnace. They believe their wall front will protect them but do not realise the longer they stay confined, the hotter the fire gets. If you do not get burnt you will get dehydrated and smoked out. He cannot defend or offend he is just a plain jackass who do not know when it is time to jump ship and swim away. Who ignores viable alternatives for waste disposal and go after a technology with a set of onsided agreements, not tried and tested and places your government and the country you serve at big adisadvantages. Who? Who will, a bunch of deceitful lying DLP dummies will.
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Judicial Review is just to try covering their asses this time, what about the next time some other snake like Cow-an crawls out of Europe or North America and just to impress or commit some money laundering crimes, these same lowlife ministers or a whole nother nasty bunch of ministers decide that the best way to do so is to once again sell out their people and country. What about the next time Cow, Bizzy, Bjerham and all the other greedy lowlifes bring in some foreign crook to steal from the island.
I have absolutely no respect for Alvin, he is a true bottomfeeder.
The good thing is, although they will attempt a massive coverup, the information is out there, the world now knows Fruendel is a fraud, his own people cannot trust him and his ministers are now on a level lower than the commonest of criminals. They will be intensely watched going forward, particularly since there is not enough outrage from the local media, no outrage at all, letting everyone see how useless they truly are, mere political tools.
The international community however, will do their due diligence. Instead of thinking about next elections and outcomes, it would be more appropriate to consider how these relationships DBLP always accumulate only dissolves into some type of criminality, directed at the taxpayers, everyone should wonder what kind of impact the current events will have going forward, the government still has to attempt to access loans and grants to help govern the island, guess where they have to go to do so, you can’t be undermining the same Tennant that allows you to progress and survive. I am glad they are seen for what they are, all frauds.
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Extracted from Facebook:
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@Are-We, “The unacceptible behaviours revealed in the leaks and the manner in which the matter has been prosecuted so far cannot be allowed to taint good governance here.”
It is men like you who have to help restart the governance. It has been crooked for several years now and to rehash our conversation of y’day there should be little doubt in your mind today about bath water and babies.
REJECT. RESTART. REFRESH!
In this matter Reuse and Recycle is not environmentally sound for Bajans.
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de Ingrunt Word
Your 6:49 am post is duly noted.
We have the same objective but the proposed methodologies differ.
You would stay safely overseas and call for locals to adopt a strategy that imho would result in Chaos and Mayhem and further widespread declines in most aspects of life here and, even then, might only lead to overall betterment for the country in the very long run.
I have to live here in my declining years and would prefer to see a strategy that works in most other countries being adopted, i.e intense agitation leading to removing the perpetrators by the ballot box and ensuring that the new Government’s nose is kept to the wheel by letting them fully understand that they only have 1 term to make necessary changes and that their every action will be thoroughly scrutinized.
Throwing out the “baby with the bathwater” appears to be a good strategy for you. It isn’t for me. It is rather a solution that leads directly and inexorably to us joining Haiti at the bottom of the economic and governance barrel in this sub region.
Your “REJECT, RESTART, REFRESH” is actually a good mantra to adopt but it must be done in moderation or all hell will escalate.
REJECT the current incumbent government
RESTART with a different set of individuals in the top positions of Government and in the Public Sector.
REFRESH our laws and governance and protective forces .
It will take a few years to bear fruit but the alternative denounement which you seem to prefer will have us in shambles from which it will take us decades to recover.
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Yes Are-We we do “.. have the same objective but the proposed methodologies differ”. Yet only just barely. Incidentally my proverbial navel string is in Bim and can’t be uprooted. My declining years will be in Bim like you. I have every vested interest as you do.
I have spoken previously of Machiavelli because his ethos of management and leadership is as valid today as it was in the 15th cen and as it was with Errol, Cameron, Henry et al in the 60s.
If the Bajan electorate were to be overcome with common sense and elect a new team under the chairmanship of Grenville Phillips and that team elected Walter Blackman or a brand new face to be Prime Minister there is absolutely no reason for us to devolve into a Haiti like denouement. NONE.
The sensible and practical new PM and team would reach back into the past and seek out people like you, Bush Tea, Caswell and Pieces to provide the gravitas of experience and guidance.
The team would work with the best Civil Servants and get them to take charge and be the professional managers they were hired to be.
They would work with people like Artax, and would bring the experience from their fields of endeavour to improve and update their government posts.
Nothing radical here, sir. As old as five plus centuries ago. Recapped and rephrased in management texts and articles by Covey, Harvard Business Review, Drucker et al.
Yes they will hit the realities of gov’t red tape and delay but that alone is not an insurmountable challenge.
The group would THRIVE if they are serious and focused. Let history be your guide Are-We….step back from the forest. You will see trees.
Kick the corrupt folks out and, as we are both saying, start with the fresh, vigorous, SENSIBLE focus of different leaders and we will SOAR….after we build that new wing at Dodds of course.
That is the only possible link to Haiti…prison over crowding for the corrupt and devious!!!
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de Ingrunt Word;
Yes! I’ll respond more fully to your above post soon but I just had an idea for an interim strategy to assist in getting the bastards rattled and out that I’d like to share here before I go out on some errands.
Suppose we could get hundreds of Bajans to just treat them like lepers and scum. Avoid their cocktail parties. let them be isolated in such parties and at every social function they attend. Laugh outright AT them when we do have to mix with them. Let them see by our reactions that their infelicities are known and that justice will come at some time by the reaction of many to them. Treat them as very much less than honourable when the occasion arises.
Laugh at them
Laugh at them some more and let them feel the disgust.
They’ll get the message. They are politicians who feed on the Crowd’s adulation.
Replace that adulation with scorn and disgust.
It would be just a start to other actions but it might help them see the way to honour.
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I just realized that what I was saying above is actually an implementation of Freundal Stuart’s patented policy of “It should be punished with laughter”
Since it is something that might be associated with that man it isn’t likely to work.
So I withdraw the idea.
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Our politicians do not “feed upon the ‘Crowd’s’ adulation”! They feed upon the public’s purse or trough, where they not only demand big mout drinks, but once drunk, they go on to demand and obtain big rides, big houses and big land, tiefing all de more from de public purse. Unfortunately, these disgusting and costly acts are ignored by a large segment of our population who are prepared to turn a blind eye and keep their mouths shut, so long as ” dey get a berry or a pick too”.”Laugh at them” ? Might it not be more fitting to have “dem tied to a cow’s tail and pissed to death” so that the society will be rid of such s**** ? If we are truly desirous of building a society wherein integrity, transparency, accountability and freedom of information are of the greatest importance to good governance, let us copy the Singapore Model which has produced a society with very little crime and a very high standard of living, despite not having an abundance of natural resources.
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@ johnjickum
You forgot the basic foundation of the Singapore model – VISION and NATIONAL DISCIPLINE- which much come before integrity, transparency, accountability and FOI.
….it also explains why we are brass…..
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Lee Kuan Yew was, without doubt, a man of VISION. His training in law influenced by and coupled to the ethos of Singaporean society and culture…wherein honesty and devotion to family and the wider society are paramount… compelled him to promote NATIONAL DISCIPLINE. He was ever mindful of the fact that “Where there is no vision, the people perish”. There is no denying the fact that our earliest leaders…Adams (both father and son) and Barrow were men of VISION,even if comparably limited, and that they promoted NATIONAL DISCIPLINE . Unfortunately, our limited “basic foundation” has not been built upon and it appears that there will be no edicfice of integrity,transparency,accountability and FOI constructed thereon in the foreseeable future. Our culture of bribery, corruption, nepotism etc. is too deeply ingrained.”(W)e are(indeed) brass…..”
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Even if “our sovereign state contracted for a project to be executed in Barbados by a Barbadian incorporated entity (Cahill Energy(Barbados) Ltd, but the laws of the U.K. will govern the contracts (???) and any dispute arising therefrom”, should this be interpreted to mean that any dispute will eventually have to be resolved before the British Privy Council ? Will Barbadian taxpayers be saddled with any such legal expenses incurred ? What is the role, purpose, and jurisdiction of the CCJ ?
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johnjickum November 10, 2015 at 12:15
Taylor Wessing lawyers are real lawyers.
And apparently GOB lawyers are??????????
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As a public service, I want to intoduce a potential buyer for the Cahill agreements, or an option to Cahill to build an alternative energy plant.
http://www.barbadosyp.com/Barbados/ChinaDos-Construction-Ltd/profile
Chinados Construction Ltd. is a comprehensive joint venture founded by Chinese and Barbadians in 2005 in an attraction Caribbean island, Barbados. We are engaged in Architectural Design, Construction, Project Managing, Houses Renovation and Real Estate Development.
Senior engineer Mr. Yuantie Lei, who is one of the founders and investors, was vice chief engineer of China Anhui Construction Engineer Group.Mr Lei has won a lot of province level, even national commendations for his excellent achievement in industrial and civil construction research. Over years, by the virtue of his professional career experience, our team has been built as a professional elite group, the company has made a reputation through our professional work and striving for excellence. ‘Maxwell Garden Villa’ district designed, invested and built by ChinaDos Construction has been a landmark building in the island amongst other projects.
ChinaDos International Trading Ltd was built in 2010 with the tide of globalisation, we supply a high quality construction materials, machines and tools, electrical equipment and so on. YUCHEN Palace store invested by ChinaDos Construction Ltd will come into service in June 2015, in addition to the existing operations, we will also supply general merchandise even food and drink stuff.
Our primary objective is to supply our clients with the highest quality service, develop our company with an open and win-win ideas. Consulting with you is our greatest pleasure.
Services
Architectural Design
Construction
Project Managing
Houses Renovation
Real Estate Development
Category
Building Contractors
See also
While Chinados’s focus appears to have been on homebuilding, I am sure they have friends who have expertise in WtE plants, and would have no difficulty coming up with the $700 million.
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@ Due Diligence
re : Chinados Construction
Good to see that there is the potential for serious and meaningful competition in so many areas! But to date, there have been more questions than answers with respect to the WTE plant. For example,does/will Barbados produce enough waste to justify a WTE plant ? Are we that self-sufficient in agriculture/food production that we can afford to grow grass(not marijuana) for the plant ? How will its emissions affect our health ? Is not “$700m just the tip of the iceberg, because like so many other projects, we taxpayers will eventually end up holding the bag ( which will no doubt be full of s…. (sugar ?) ???
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There is story in the November 18 Advocate, “Act seeks to regulate corporate and trust service providers”; apparently referring to a new piece of legislation before parliament which “seeks to regulate the providers of corporate and trust services, includes procedures to ensure due diligence requirements are complied with and enables the protection of the interests of specified entities.”
http://www.barbadosadvocate.com/newsitem.asp?more=local&NewsID=46677
It includes this: “Where the applicant is a firm, society or company, the Director needs to be further satisfied that the controlling partners, managers, members, directors and officers are fit and proper persons to hold their respective position.”
Given that Government is provider of services to the taxpayers of Barbados, it strikes DD that the legislation should equally apply to the legislators themselves.
Government clearly failed to conduct adequate due diligence on the counter-parties to the agreements to ensure they are “fit and proper persons” to provide services to the taxpayers via the Cahill WtE plant, for the protection of the interests of the taxpayers
Accordingly, the parties signing the agreements, (including the HEADS OF TERMS RELATING TO A WASTE TO ENERGY PROJECT), should be subject to the same “huge fines including imprisonment.” as are the corporate and trust service providers who fail to comply.
What’s good for the goose is good for the gander.
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David
Good videos – interesting website http://refocusingbarbados.com
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#WhatWillFreundelStuartDo
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Susan re. your 8:41 post
As usual, wait and do NOTHING
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Everyone thinks the govt, whichever is in, is a bumbling set of fools, but these fools getting rich from crime and getting away with it too, government after government… This contract was not put in place by ineptitude or accident. Unfortunate that in this society people don’t pay attention to history or the social and political experience of other places. It would reveal that all these events are events that took place already somewhere else before even if in a slightly different form, and you would understand what is happening and why, and more importantly what likely comes next. History repeats itself. From the perspective of the players involved this deal is not a “fumble.” Everything is going perfectly according to the plan. Just not our plan. As long as people vent off their frustration through media which do not actually have capacity to change anything then the plan will not change. I agree they should all be disrespected and shunned at every opportunity. It won’t make them honest anymore than posting on BU will but the attitude of the average person towards these people must change for anything else to change. We must admit to ourselves what they are and treat them as what they are. I see posters call such statements unpatriotic, but what is unpatriotic is blindly supporting any politician(s) when their words are clearly lies, actions to the people’s detriment, endangering you and your loved ones, exploiting your “country’s” resources for self-aggrandisement, and you wearing ‘their colours’ and hugging these scum and pinning corsages on them, even insisting with your votes that they must be the ones to do it; traitors complicit in treason of the highest order. Participation in the lie is what legitimizes it. Both parties are the same. Moving from BLP to DLP and vice versa is only a switch in the eyes of the misled public. It is way harder to change your tyre than your party. They are the same team. Even a change of ruling party is just the manager (not the spectators) making a substitution.
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Curious to know if traditional media has published any reference to the Cahill documents since they have been published.
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Pingback: The Cahill Energy Project – A Really Awful Deal for Barbados and Barbadians | Barbados Underground
@ David,
Transparency International and Afrobarometer published a poll last week of people’s experiences and perceptions of corruption in 28 African countries – People and Corruption: Africa Survey 2015.
The Survey can be accessed by first clicking into the link below and then clicking into the link in the first paragraph. It would be interesting if an organisation rooted in Barbados could carry out a similar survey on corruption in Barbados. Perhaps it has already been carried out?
http://www.theguardian.com/global-development/2015/dec/09/nigeria-corruption-eyes-open-speak-out-bribery-dishonesty
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What more can we say about Cahill?
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One of the main answers as to why the governments in the CARIBBEAN and around the world are in such shambles is as followed . Most of the parties on the winning sides are made up of people who are young doctors, lawyers and economics. The young Doctors and lawyers from a young age always wanted to be a Dr. or lawyer (this was his/her DREAM) after studying and qualifying return home . After a short time they are into politics. WHY? because of quick and easy money $$$$$$ with a very very good chance of winning they seat in most elections , because they are trusted due to being Doctors and Lawyers. Very few of them (if any) have any practical experience of running a successful business with a yearly turn over of $50,000,000 or more, (That is a small amount) but is made a minister that have nothing to do with his/her profession.
Yes they can learn as time go by, at the expense of the people. All because of being paid a great wage, new motor car/ Jeep, free petrol, housing , travel plus etc. etc. if in long enough pension without having to pay into the system .
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What ever happened to the private law suits being talked about on previous posts on this matter
Are we a nation of arm chair warriors ????
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As a Barbadian-Canadian this entire Cahill Energy Project makes me sick to my stomach as it presents Canada, Canadians and Canadian entrepreneurs in a very negative light. Here is a more appropriate depiction of Canadians as given by Bruce Byfield, July 1st, 2007 “What makes a Canadian Canadian?”
“Another thing about Canadians that often puzzles other nationalities is that we’re complainers. Not march-in-the-street, where’s-tonight’s-riot kind of complainers, but low-key grumblers. For some reason, a little out-of-the-mouth, I’m-so-hard-done-by grumbling is simply a normal part of functioning for most Canadians. The weather will do as a subject, if nothing else is available, but the general perversity of the universe or authority figures are even better.”
Page 19 of my Discover Canada Citizenship study guide has this “Did you know? In the 1920s, some believed that the British West Indies (British territories in the Caribbean Sea) should become part of Canada. This did not occur, though Canada and Commonwealth Caribbean countries and territories enjoy close ties today.”
Actually I’d argue that Barbados is a part of Canada at least in cultural mindset we are. We both approach taking action in the same way. A whole lotta long talk.
I want to blame the Government but aren’t they doing the best they can do given the solutions provided to them? Where is the 100% renewable energy “master plan” for Barbados that includes 100% clean energy generation, electrification of our transportation system (all of it), recycling, local, organic food production, sustainable building materials, employment and job security for all Barbadians and more wealth creation than the Government knows what to do with? Perhaps if there was an integrated plan that was properly marketed to the Barbadian public (and honorary Barbadians around the world) then people would invest in our shared future.
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This not about whether this crazy woman is Canadian or not this is about individuals who makes their living from fraud and deceptions.
The Cahill energy scam is a terrible deal for the people of Barbados and from its inception has sucked people and companies in to a web of lies and fraud
And sad to say two + years on its still costing money and reputations to be destroyed.
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To ME Clare Cowan.
Have made a number to attempts to contact Cahill
For an update on the Barbados project
UN able to make contact……
Could you post an up date from you’re perspective for the people of the island please
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Email the request and provide our email address.
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It was amusing to listen to some of the debate in the Senate yesterday. Many of the responses/explanations given by the government side should have come from Lowe first to fill the vacuum of info around the Cahill project. He remains silent and they wonder why Barbadians continue to ask questions.
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Sent the email request!!!! Let’s see what happens.
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Got through to Cahill
Was greeted by “Clare Cowan”
I asked for an update on barbados and got.
” F**k off and leave me alone ”
Not the words I expected from a CEO.
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MECC’s condo remains on the market
https://www.realtor.ca/Residential/Single-Family/16161754/4803—50-YORKVILLE-AVE-Toronto-Ontario-M4W0A3-Annex
However, there has been action in that building.
Unit 4403 (hers is 4803) of almost identical layout and size (taxes + maint fee etc), sold 26/2/2016 for $6,000,000 on an asking of $6,280,000.
Earlier in Jan 2016, unit 4003, similar in size, sold quickly for $5,450,000 on an ask of $5,798,000.
Both sales were listed by Kalles, the same realtor handling #4803. So they have fish, they just aren’t biting on MECC’s.
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@NorthernObserver
Do you think the publicity here and elsewhere is the reason?
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David
I have seen nothing in the Toronto media about Cahill or MECC, so it is unlikely potential buyers have any knowledge of her Barbados venture unless their lawyers have done background searches.
More likely it is the Power of Sale action by the second mortgagee, Ridgemount FS Inc, to recover its $1,500,000 plus interest and legals that is holding up the sale,
Redfactor/Northern, may be time to send some links to the Star or Globe
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I agree with DD on condo.
As far as Cdn media, why? The story which is apt to come out is Barbadian govt ministers are a) crooked or b) conned into large industrial project by a company from Guernsey.
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Northern
You are correct.
Best to Let what happens in Bim stay in Bim.
Would not want the world to think that Barbadian govt ministers are a) crooked or b) conned into large industrial project by a company from Guernsey.
Bim needs those international investors.
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David
An update of yours of December 30, 2015 at 6:56 PM
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20160127/RBSWJACOB
News from globeandmail.com
Turmoil marred Jacob Securities’ final months
Wednesday, January 27, 2016
NIALL McGEE
Streetwise
The final months of life for Jacob Securities Inc. were marred by capital deficiencies, compliance violations, a senior executive’s abrupt exit and employees being locked out of the office, according to documents released Tuesday.
Amid the pandemonium, the Toronto-based broker dealer was still trying to raise money for a new fund, say documents from the Investment Industry Regulatory Organization of Canada (IIROC). On Dec. 18, IIROC announced it had suspended Jacob Securities’ membership, which effectively put the dealer out of business.
“We disagree with both the characterizations and the outcome of the report, and we are weighing our options,” Sasha Jacob, founder and chief executive officer of Jacob Securities, said in an interview.
According to the report from the IIROC hearing panel, Jacob Securities had been on the regulator’s radar as far back as May, 2013, when it was flagged for “low risk-adjusted capital.”
IIROC-registered dealers must maintain a minimum amount of capital. If levels drop below minimum values, the regulator has the right to suspend the firm’s membership. Red flags also went up in 2013 about the firm’s liquidity and lack of profitability.
Over time, IIROC also cited the firm for compliance violations including insufficient supervision of trading.
By November, 2015, the firm was unable to correct its capital deficiency, IIROC said. As recently as Nov. 10, Jacob was raising money from investors to start a new marijuana fund. IIROC said the fund was set up “without requisite registration approvals.”
The regulator also said Jacob named an auditor for the new fund, but that auditor then alleged that it had “not been engaged for the offering.” The “risk of imminent harm” to investors eventually forced IIROC’s hand.
Mr. Jacob said the firm had a plan in place “for an immediate capital injection,” including “a firm term sheet.”
“Were it not for the suspension, we would have closed that financing,” he said.
He said the capital he had raised would have been more than enough to go above the minimum regulated requirement.
On the laundry list of compliance citations, he said: “We did present to IIROC a concrete plan to institute new compliance measures.”
In December, 2015, before its IIROC membership was suspended, Jacob Securities notified the regulator that its chief financial officer was resigning. Later, the company’s chief compliance officer advised IIROC that employees were “locked out of its business premises due to its failure to pay rent of approximately $110,000.”
IIROC says that following the lockout, “apparently, unsupervised trading continued by JSI’s registered representatives through their mobile phones and by meeting with clients in the lobby of the building.”
So, now that Jacob has gone up in smoke “raising money from investors to start a new marijuana fund”, who is likely to pick up where they left off in trying to find investors to start the Cahill WTE.
It is time for Lowe Down, and Sinkler, and FS and the rest to accept that it ain’t going to happen.
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I think that was accepted a long time ago!!!
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Northern
Accepted by whom?
Govt standing on Cahill project
10 February 2016
http://www.nationnews.com/nationnews/news/77690/govt-standing-cahill-project
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THE MOVEMENT TOWARDS plasma gasification is hanging in the balance following a decision by a major global developer of the technology to abandon a billion-dollar plant in which it had invested in England.
http://www.nationnews.com/nationnews/news/79799/plasma-blow#sthash.H98e5cXd.dpuf
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@Hants
The Nation is late to the part don’t you think?
Better late than never though.
>
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@ Due Diligence
What else can Lowe say…?
The problem with taking bribes ‘up front’ is that”wuh sweeten goat mout does bun he tail….”
Where, pray tell, would you expect the gentleman to source funds to reimburse ‘disappointed investors’….. unless of course the siblings were to withdraw claims to the old lady’s legacy…..
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“Also in the second quarter, Air Products said that expects to record a pre-tax charge in the range of $900 million to $1.0 billion in discontinued operations, primarily to write down assets associated with the Energy from Waste business to their current realisable value.”
Wunna still gine bil a wte plant?
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Hants April 6, 2016 at 11:54 AM #
Wunna still gine bil a wte plant?
MECC got no money.
Jacobs securities gone up in smoke.
So Cahill WTE plant not gonna happen.
BUT – GOOD NEWS!!!
Barbados’ new best friend is GUNG HO to build WTE plants.
See – This Massive Waste-To-Energy Plant Will Be The Largest In The World at:
http://www.fastcoexist.com/3056526/this-massive-waste-to-energy-plant-will-be-the-largest-in-the-world
And they got the money.
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This Massive Waste-To-Energy Plant Will Be The Largest In The World
Stretching nearly a mile across and complete with a visitor’s center, the new incinerator will tackle China’s growing trash problem.
Just imagine – A visitor’s centre – One of those on Mount Hilaby cold be a new tourist attraction for Barbados
Gotta think outside the box
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