Central Bank Declares SPECIAL Dividend to Pay Mark Maloney for the GROTTO Project

In Mia Mottley’s reply to the June 2015 Budget she accused the government of Barbados of making a highly questionable decision. Minister Sinckler – she reported – issued a memo to the Accountant General to advise the Central Bank of Barbados, custodian of the Housing Credit Fund  (HCF), to declare a dividend of 25 million dollars as at 31 March 2015. The limited information available indicates that the HCF was setup to support a revolving fund to onlend to financial institutions for mortgages, home improvement and tenantry lots.

In a quest for information BU asked Central Bank board member Dr. Justin Robinson on BU last year to explain the rationale behind the HCF declaring a divided on the HCF. He responded as follows:-

[The] Housing Credit Fund matter would not have come before the Central Bank Board. Not a matter for the board. You can check the governance arrangement for the HCF – Dr. Justin Robinson

We extend a request to Dr. Justin Robinson or any other gatekeeper of the governance rules of the HCF to share for the benefit of the public. BU Completed a search and the obvious location we expected to find relevant information to support the HCF returned a blank page. It is amazing to have to admit the paucity of information in the public domain to explain a public fund. Is this an issue the proclamation of the Freedom of Information Act is meant to address?

Why did the government feel hurried to declare a dividend on a fund setup to support low cost housing? In the absence of not knowing the governance arrangement BU has to assume the core purpose of the fund was to target the low income segment. In the book Low-cost Housing in Barbados: Evolution Or Social Revolution? the authors stated the upper income ceiling to qualify for borrowing in 1983 was BBD16,000 per annum. The non response by the government to the leader of the Opposition Mia Mottley’s revelation is another example of the lack of respect this government has shown to Barbadians.

The most interesting part of the revelation by Mottley was when she declared the reason for paying the dividend was to facilitate a payment of 27.8 million dollars to Preconco, a company owned by Mark Maloney. Was this the transaction which forced the Permanent Secretary Ronald Bascombe to prematurely retire from the ministry of Housing? The payment was to pay for work done at the GROTTO, originally labelled a low income project and of recent relabelled middle income, built at a cost of $5.40 per per square foot. Up to the time of posting this blog the GOTTO apartments remain unoccupied, it is no surprise however that Preconco was paid.

A couple of questions for Minister of Housing Denis Kellman who seems to be finding himself at the centre of some questionable projects and Minister Chris Sinckler who as Exchequer is at the centre of all of the projects.

  1. Will you share with Barbadians in the interest of transparency the governance rules of the HCF?
  2. What is the plan for the apartments at the GROTTO.

There is the name Mark Maloney, AGAIN!

Related link: Mottley Blasts Preconco Deal

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70 Comments on “Central Bank Declares SPECIAL Dividend to Pay Mark Maloney for the GROTTO Project”

  1. Prodigal Son June 1, 2016 at 10:09 PM #

    It would be interesting to find out what light bulb went off in Stinkliar’s head to suddenly want to declare a dividend on a fund of which he knew nothing? Who decided the rate?

    When Maloney lies down and dreams up another money grabbing scheme, they jump to make it happen and move heaven and earth to pay him…….yet the liar would never have declared a dividend to pay off all the people to whom government is indebted never ming the poor taxpayers waiting on tax refunds. He then moves on to another project.

    By the way, has Maloney finished the molasses tanks at the port yet?

    Disastrous policy and the worst minister of finance ever. I bet you Kellman would not have a word to say on this!


  2. Colonel Buggy June 1, 2016 at 10:24 PM #

    And I am being encouraged to buy Government Saving Bonds, just to end up in another CLICO, Trade Confirmers situtaion? Who can really trust, the Central Bank Governor, or the Minister of Finance ,not to mention the Prime Minister, who has openly declared his trust in Leroy Parris.


  3. Violet C Beckles June 1, 2016 at 10:46 PM #

    MOST get mad when We called them CROOKS,LIARS AND SCUMBAGS, WELL well , Look , If you have to walk in she-it with no shoes on , to feel it between your toes then so be IT.

    All those rats have to go, vote them out before they are removed another way.

    1937-2017 is coming,


  4. abajanhowe June 1, 2016 at 10:51 PM #

    This Chris Sinckler scares the daylights out of me and so many others like me and he is deliberately sinking Barbados.
    The’re many questions that we will never get answers to. Can anyone say if Sinckler and or Mark Maloney is mentioned in the Panama Papers? Where are they going to launder their ill gotten money? The Swiss banks? Does the same Maloney pay taxes like we all do? Kellman, where is your voice and what are you saying beside nothing like Freundel who can’t even rein in Chrissey. Since when did the DPP ever ask for extra information from Mr. Cummins at Town planning especially when they are going after the small man and as such, the question was asked recently “when is the file on Mark Maloney going to disapair”? Seems that Markie got the word from the top man to continue building on Spring Garden. When are we going to stop these people?


  5. Pachamama June 2, 2016 at 12:02 AM #




  6. Pachamama June 2, 2016 at 12:04 AM #




  7. Well Well & Consequences June 2, 2016 at 1:43 AM #

    When the politicians and their yardfowls go around the electorate pimping for votes from next year, the electorate will have all right to throw piss on them for coming at their doors, the politicians are destroying small businesses to accommodate 4 or 5 crooks on the island so that they can continue to get their stream of bribe money for 2 and 3 terms while in parliament.

    The politicians are well aware that the scams created by Maloney, Bizzy et al, supports the minorities on the island at the expense of the majority people. The politicians continue to collude with the scams that rob the majority blacks of financial stability to take care of their families. The politicians are sellouts and bribe takers.

    None of the politicians should be trusted…they want your votes so that they can be elevated to a status to obtain titles and bribes while they help the minorities and business people steal your financial future and that of your children and grandchildren. . ..beware the politicians and their lies.


  8. Ping Pong June 2, 2016 at 2:58 AM #

    @ Pachamama

    What are you concerning yourself with?!! 1 day gone, 8 more to go. Crop Over will soon be in full swing. Common Entrance results soon come out. Somebody will horn somebody and new Remi weave will be in the stores. There must be show or fete somewhere, fried chicken and chips pun sale wid Guinness….yuh know the really important stuff that Bajans care about.

    The national motto of Barbados is “Better White than Bright”.


  9. Checkout June 2, 2016 at 3:26 AM #

    Why is everyone concerned with Mark Maloney? Is because some within the opposition know that that come November all will have to address him as Sir Mark Maloney? My of preference would be Sir Corrupt but other might be upset with this.
    Curiously will he have to pay more than Sir Paul Altman HAD TO for his?

    One thing is for certain in Barbados, when you steal a lot and bribe a lot you are duly rewarded with a criminal title of ‘Sir’.


  10. Crusoe June 2, 2016 at 5:28 AM #

    I want a Plantation….at any cost.,…. six a one an half dozen a de udder.

    Sweet fuh some in dis place, nuh? Meanwhile the rest scrunt.


  11. David June 2, 2016 at 6:03 AM #

    Stephanie wrote: "Good Morning #realdreamchasers! Here is your daily newscap. PARENTS PROTEST AT ST. MATTHEW’S PRIMARY – THERE WAS NO major protest action today but parents of St Matthews Primary School students are gearing up for intensified protests on Tuesday. Sherita Parris, a member of the group of concerned parents said the parents, students and some teachers want their school back from principal Barbara Broome-Bailey. They accused her of not only belittling students by calling them names and also insulting parents.A group of about a dozen parents gathered at the school’s road sign along Friendly Hall Main Road with placards. They gathered a short while after Governor General Sir Elliott Belgrave arrived at the school for a visit. However, after given a directive by police, they then gathered by a nearby house where they vented their issues.Sir Elliott, in speaking at the school function, spoke of the “disquiet” at the school, noting that the visit was almost cancelled as a result. He said that he was sure that in time an amicable solution would be found. He also said the education of children was too important to be compromised.

    BL&P MANAGEMENT DISAPPOINTED AS WORKERS STAGED PROTEST – LESS THAN A dozen workers of Barbados Light & Power’s Spring Garden plant staged a brief protest this morning. Equipped with signs and placards, the workers said they were stand in solidarity with a Barbadian worker who had been allegedly kicked by a Canadian safety officer last week.Even though an apology was forthcoming from the safety officer, tensions between the workers had not been smoothed over.“An apology was given, but later other workers had doubts about the sincerity since the same gentleman said that if he was kicked back he would fight with any of the workers,” an unidentified worker told NATION NEWS. Meanwhile, BL&P said the situation was one of “a misconstrued nudge between a supervisor and an employee at a recent meeting”. “The supervisor apologised subsequent to that meeting and the employee accepted the apology. The company’s investigation showed that there was no harmful intent and none was perceived,” the company said in a statement. Human resource manager, Gail-Ann King said that given the findings, BL&P was “disappointed that employees chose to stage protest when there is an established, agreed procedure to deal with all grievances”. “In fact, to date we have not received notification that even the first step of the grievance process has been taken,” she said. The utility company assured customers that it had put plans in place for the continued safe generation and delivery of power to customers.

    SENATE EXPOSE ON PROSTITUTION – Opposition Senator Wilfred Abrahams has called for a “serious discussion” on the issue of prostitution in Barbados.Speaking in the Upper Chamber during debate on the Trafficking in Persons Prevention Bill,2016, the Immigration (Amendment) Bill, 2016 and Criminal Assets Recovery Fund Bill, 2016, Abrahams, who is an attorney-at-law argued that though illegal, prostitution was carried out on the streets of Bridgetown.Abrahams, who is the caretaker candidate of the Opposition Barbados Labour Party in the constituency of Christ Church East also questioned why members of the Royal Barbados Police Force were not clamping down on the illegal sex trade while pointing out that homosexual and transvestite prostitution was being practised in Pinfold Street, the City. “Prostitution exists right in Pinfold Street. It exists in Crumpton Street right outside of Harrison College. It exists in Bush Hill, the Garrison, St Michael, it exists right opposite Hastings Police Station in Christ Church,” he told members of the Upper Chamber.Knocking Barbadians for what he called their hypocritical approach to prostitution, Abrahams recalled that when he resided at the Garrison, St Michael in close proximity to former Chief Justice of Barbados Sir William Douglas, there was a tacit agreement between lawmen and ladies of the night that once they kept to the side of the road opposite to the Chief Justice’s residence they would be allowed to engage in the illegal practice uninhibited.Abrahams also said court records would show that no one has been prosecuted in Barbados for engaging in prostitution for a very long time.He charged that Barbados’ reluctance to have a serious discussion on the issue of prostitution creates other issues for the country.“I believe that not everybody who is engaged in prostitution is a victim. Now I am not saying I support the practise, neither am I saying I am against it, I am saying that we as a country, not as a party, need to discuss the issue.The attorney said one of his clients, who admitted she was a prostitute, said she had made a conscious decision to go and feed her family since she had no job and was in debt. He cited another case where a Guyanese client who was encouraged by one of her friends to come to Barbados to take up a legitimate job was forced into prostitution after she could not find a legitimate job to make a contribution to the home.According to Abrahams, the client admitted to him that some nights when she was on the streets, she slept with as many as seven men to get enough money to satisfy her basic needs.He said she further admitted to him that she was forced to sell her body at Bds$60 for 20 minutes or part thereof.The Opposition Senator warned that when a woman was forced to sell her body to as many as seven men a night she exposed herself to all kinds of sexually transmitted diseases.

    MPS DESERVE PAY – Minister of Education Ronald Jones has hit back at critics, who have questioned the timing of Government’s move to restore a ten per cent pay cut imposed on parliamentarians back in 2014.“If not now, when?” asked Jones, while insisting that affected Members of Parliament (MPs) had a right to have their salaries restored.And he urged Barbadians not to be hoodwinked by propaganda being circulated on the issue.“Your salary is your property and you should not deprive anyone of their salary,” said Jones, who is currently embroiled in a dispute with unionized teachers over recent salary deductions made by his ministry.However, dealing specifically with MPs pay, he argued that “you may voluntarily give up your salary as we [parliamentarians] did, but if the time has elapsed you have a right to your property.“Some people may say it is not timely and I always argue, when ever is the right time? Because sometimes you get into a guessing game: Will the economy have to grow 50 per cent, 30 per cent, 20 per cent or ten per cent? Will the fiscal deficit have to go to zero and you get a surplus?”Addressing a branch meeting of the St George South constituency at the weekend, Jones was at pains to point out that parliamentarians had endured the cuts for about 30 months in support of Government’s fiscal consolidation programme.He said with clear signs that the economy was improving, Government had started to provide some ease for Barbadians, as he argued that MPs should not be excluded.The Mottley-led Opposition Barbados Labour Party has refused to accept the ten per cent restoration, instead committing the increased funds to charity.However, the Minister of Education warned the public not to be duped by “propaganda” as he also rubbished reports that the re-instatement of pay would result in higher gratuities for parliamentarians.“The propaganda was to try and conflict and confuse the mind,” he said, while noting that it drove the National Union of Public Workers to call for a 23 per cent pay hike.“And I said what madness have we descended into.”

    SAGICOR MOVING HEADQUARTERS – Sagicor Financial Corporation (SFC) is on the verge of a “critical” organisational restructuring as it moves to improve its credit rating. On June 8 the regional financial services giant will seek shareholder approval for its planned re-domiciliation to Bermuda. This move to the A+ (positive outlook) jurisdiction is intended to shore up its credit rating whichever country is its registered domicile.However, SFC’s principals are not ending their effort there. So long as shareholders say yes to the shift to Bermuda, Sagicor Financial Corporation will become Sagicor Financial Corporation Limited and a corporate reorganisation will follow.The company shared details of the changes in a 132-page notice to shareholders.

    NGOs MEET TO FORGE LINKAGES – REPRESENTATIVES FROM SEVERAL non-governmental organisations assembled at Hilton Barbados today to evaluate what they do and see how they could make their operations more efficient. The forum, which included a panel discussion, was the brainchild of president of the Vagrants and Homeless Society, Kemar Saffrey.Saffrey said he was hoping some networks could be forged out of the half-day session entitled the National NGO Network Charity Summit.

    BROKEN PROMISE – A local charity is calling on Prime Minister Freundel Stuart to make good on a promise he made to them a year ago.Trustee of the Sandy Lane Charitable Trust Phillipa Challis said her organization was still struggling to get three buses to assist children with disabilities, even though the Prime Minister had given his word that he would render assistance to them.While pointing out that the Sandy Lane Charitable Trust was importing “millions and millions of dollars” of items to assist residents and had to pay taxes on them, she said for the past three years the organization had been trying to get special buses to transport children with disabilities, but suggested that Government was not making it easy.She therefore stated that what her organization would most appreciate from Stuart would be assistance in importing the buses duty free. She said representatives of the charity had met with transport officials in their quest to find out what was holding up the process.Challis said she had even suggested to Government officials that “if it makes it easier, ‘I will buy a bus from the board of transport’, and [we have] even tried to purchase a bus at the board of transport. However, president of the Barbados Vagrants and Homeless Society Kemar Saffrey, who was a panellist, said his charity had been able to get items cleared from the Bridgetown Port “without paying duties or any tax or any whatsoever”.Earlier, Minister of Labour Dr Esther Byer-Suckoo had encouraged the groups not to give up because of the problems they faced, saying it was critical that they formed strategic partnerships.She also called on Barbadians, both local and abroad, to “embrace, like never before, the spirit of charity and voluntarism”. Byer-Suckoo also noted that NGO’s often missed out on funding because they “don’t know how to access that funding”.

    PM LAUNCHES NATIONAL PARK – Local landowners were yesterday assured that their legal rights would be protected, as the Barbados System of Parks and Open Spaces was officially launched at the Natural Heritage Department in Sturges, St Thomas.Prime Minister Freundel Stuart also told residents living within the newly designed National Park area that they need not fear any negative change or disadvantage to their lives.He said the National Park, which stretches from St Lucy to St Philip and includes the Scotland District, would be a special space and place where landowners and residents could continue their livelihoods. The Prime Minister further assured that the National Park designation would not alter the legal rights of landowners and occupiers of land in the area, nor would it confer new rights on the visiting public. The Prime Minister however contended that if the true potential of the green economy was to be realized, more human and financial resources would have to be invested to allow for the National Park to be fully developed.

    VINCENTIANS REMANDED – Two Vincentian nationals were today remanded to Her Majesty Prisons Dodds after being charged with multiple drug offences.Renwick Roger Richards and Ramon Rupert Horne, both 29, were separately charged with possession of cocaine; possession with intent to supply cocaine; trafficking cocaine; and importation of cocaine.Shortly after arriving at the Grantley Adams International Airport yesterday, Richards and Horne were searched by Custom officers.The officers discovered ½ kilo of cocaine in each of their luggage.The two accused pleaded guilty when they appeared in the District C Magistrates Court.They were each fined $25,000 forthwith and ordered to reappear on June 15, 2016. TWO INJURED IN STATION HILL ACCIDENT – Fifty-four-year-old David Carter of Leinster Avenue, Station Hill, St Michael sustained a broken leg after a Sports Utility Vehicle (SUV) ran off the road and crashed into a shed from where he sold popcorn on Station Hill. Keanue Benjamin, also of the same address, sustained cuts to one of his hands during the accident. Both men were taken by ambulance to the Queen Elizabeth Hospital for medical attention.

    CAVS IN PERIL – Orange Three Pinelands are one game away from lifting the 2016 Barbados Amateur Basketball Association Premier League title.Last night at the Barbados Community College they won game two in the best of five series final 81-78 over Station Hill Cavaliers to give the Cavs a major mountain to climb. After the first three quarters the scores read 21-12, 40-40, 55-55.Again Pinelands’ point guard Jeremy ‘Bull’ Gill led the way with a game-high 21 points, 11 rebounds, and seven assists. Junior Moore finished with 18 points and also had 11 rebounds, eight defensive and three on the offensive end.Shooting guard Ramon Simmons netted 14 points and Ian Alexander had three block shots, which were the most by anyone on the Pinelands team, as well as ten points in the game. With the exception of Simmons, Pinelands’ starting five each spent more than 30 minutes on court and were relentless in their efforts.That was the difference between the two coaches Renaldo Maughan of Pinelands and Adrian Craigwell of Cavaliers. Craigwell rotated his players consistently with the exception of captain Jason Smith who was the only player on court for more than 30 minutes. Pinelands sought to break their rhythm each time with fast breaks but that did not stop Cavaliers forward Darren Hunte from making an impact with a top score of 19 points. Saeed Norville contributed 15 and Smith ten. But theirs was not enough to prevent Pinelands under the captaincy of Charles Vanderpool from clinching yet another intense three-point win. Well that’s all for today folks. Have a terrific Thursday. 😉 Shalom ❤ Steph."


  12. FearPlay June 2, 2016 at 6:05 AM #

    Just retiring this lot from Parliament is insufficient and insignificant punishment. There must be a way of punishing every one of them in a manner that discourages others from doing the same in the future.

    Some suggestions of creative and severe forms of retribution would be appreciated.


  13. Well Well & Consequences June 2, 2016 at 7:13 AM #

    These scum for Parliamentarians take bribes to keep their people poor,, insist on a 10% salary restoration but refuse to pay people who are owed by government…the severed workers, the civil servant’s pay raise….and a myriad of other citizens who struggle to survive after government enters into contracts to deprive them of their livelihood. ….

    There is Jones talking rubbish…while looking to deprive others of their salaries.

    Each and every one of these nobodies in parliament pretending to be somebody should be hung and thorown in a potters field.


  14. Bush Tea June 2, 2016 at 8:03 AM #

    Each and every one of these nobodies in parliament pretending to be somebody should be hung and thrown in a potters field.
    ….but first, like the true brass bowls that they have shown themselves to be, they should be pissed on whenever the occasion arrises…..

    So that every time they appear in public, patriotic Bajans should make a hissing sound ‘pisssssssssssssss…’

    Liked by 1 person

  15. Well Well & Consequences June 2, 2016 at 8:26 AM #

    Lol…..the piss is to be thrown on them when they go to the homes of the very same people whom they take such financial, giddy pleasure in selling out to the minorties for their bribe money…the black people who they now have to return to for votes to be reelected to parliament.

    Dogs running to their vomit…ya throw piss on them and call the police for them trespassing..


  16. Old Baje June 2, 2016 at 8:38 AM #

    We could find $7 million to spend on independance celebration but can’t give duty free concession on 3 buses for the disabled children.

    Liked by 1 person

  17. are-we-there-yet June 2, 2016 at 9:28 AM #


    Let me make this point again.

    Voting this government back in would be the worst thing that the people would have ever done in electoral politics in Barbados. But voting in the BLP by a slim majority would be almost as bad.

    The rot engendered by the blatant demonstrable self serving policies of this current government has now gone so deep that their removal in a close vote of say, 16 to 14, will only serve to extend the rot in the next parliament. The new lot will have well learnt that the seemingly self serving practices of this current government have been essentially condoned by a significant proportion of the people and they will have no urgent incentive to change the flawed Stuart game plan. The downward slide of the country is likely to be accelerated if this happens.

    Only a demoralizing removal of the incumbents to the tune of say, 2 or less to 28 or more, will send the message that Barbados is totally fed up with the numerous seeming infelicities, gaffes, missteps and blunders of “Fumble’s Fools T.M”.

    The new government must, within 90 days, fully enact extremely tough anti-corruption and FOIA legislation that would seriously punish both corruptors and corruptees, along with drastically amended Parliamentarian Pension Legislation and Parliamentarian ethical conduct and Parliamentarian recall legislation to gravely punish any parliamentarian proven to be involved in such acts as are currently hinted at in public domain documents .

    A third party of fresh hopefuls, even though it appears to be the optimal solution for our current woes, appears to be unlikely to be successful in the coming elections but offers some hope for a future one if the right people can be found and if they start working sensibly and strategically very soon towards developing policies for excising the bad examples of this 2008 to ? administration from the bajan body politic…..


  18. Retribution-things that make me go hum! June 2, 2016 at 9:38 AM #

    The whole system is warped. The signs were right in front of us even before elected, that the DLP will turn Barbados for the worse. Truth digs deep (Owen’s policies) but most chose to embrace the lies; allegedly for material gain.

    Wunna wanted change, change wunna get!

    Hats goes off to the next party elect! I see the now Ministers planning on living abroad.

    Liked by 1 person

  19. FearPlay June 2, 2016 at 10:01 AM #

    CNN Vienna, Austria 3:44 pm – Oil falls after OPEC decides against output cap – You know what this means? Price at the pump in Barbados to rise AGAIN! and not a word of protest from us, the sheep. Really, it must have been especially satisfying to own a Bajan slave back when.


  20. Frustrated Businessman aka Republic my ass. June 2, 2016 at 11:00 AM #


    Thanks for the TM reference, surely my clearest path to wealth. I could also make a few shillings off the “There will be no economic recovery under Fumble’s Fools” T-shirts if there is any money left in this economy when these jokers are gone.


    Your points regarding legislation are valid BUT, it seems after years of preaching my message has not gotten through regarding our priorities.

    So, once again:

    The DLP’s first naive failing was not taking control of the civil service. Owen Arthur got things done in this country by micro-managing the civil service. It is our legacy of slavery that people have to practically be whipped to carry out basic functions in the absence of private-sector reward motivation. The fact that there are no consequences for poor or no performance in the civil service makes things worst. Lawyers will never be able to micro-manage anything, they are trained to debate ideas.

    If this is not dealt with IMMEDIATELY upon a new gov’t taking office, none of the ideas and good intentions patriots and foreign investors have can come to fruition. The ministry of the civil service needs to be a HUGE PRIORITY, especially in acting on complaints about the other ministries and gov’t offices. The interaction between the various professional organisations, chamber of commerce etc. and ministers needs to be weekly like cabinet meetings.

    If the next gov’t does not understand that their job is to LEGISLATE, REGULATE AND FACILITATE, the rot will continue. In order for someone to pay a bribe it must otherwise be impossible for them to get what they want. That has to stop.


  21. David June 2, 2016 at 11:11 AM #

    @Frustrated Businessman

    Didn’t Arthur hire a host of consultants in the Prime Minister’s Office to redirect work from the public service?


  22. Well Well & Consequences June 2, 2016 at 11:38 AM #

    Frustrated…exactly, it should never be easy for any corrupt, self-serving business man to just pick up a phone and not only have access to a government minister, but bark and shout orders to that minister to get his way, because the minister is compromised through bribetaking.

    Fearplay…you are thinking back then, I am thinking it’s doubly satisfying to own the black slaves in parliament in 2016, when all you have to do is pay them a bribe, no plantation to run, no overheads, the slaves in parliament just keep their people in check so you can have free rein of a whole coubtry.

    ROOTS has been on cable for the whole week…fascinating to watch.

    Some people do try to help the neglected in Barbados, regardless of their motives. I would imagine there is no bribe money involved in getting buses into the island to help the disabled children. I would imagine the government ministers don’t give a shit…lol


  23. FearPlay June 2, 2016 at 12:02 PM #

    Yup three years and counting, for a charitable organization seeking permission to donate three buses to the handicapped people of Barbados. Three years waiting for the most dynamic, energetic and honest prime minister the Caribbean has ever seen, to be moved to action. Contrast the speed, complexity and effectiveness of the duty free, VAT and tax waivers provided to Sandals.

    Ease of doing business? What’s that? Keep in mind that those monied folks who even offered to buy a bus from the Transport Board will have monied friend too. It would be interesting to be a fly on the wall at one of their cocktail parties. Trouble is, all of us will be judged against this group of buffoons masquerading as leaders. Just think about it. If these buffoons are our leaders, what does it say about us a followers?

    Liked by 1 person

  24. Bush Tea June 2, 2016 at 12:21 PM #

    @ FearPlay
    If these buffoons are our leaders, what does it say about us a followers?
    …bunch of basic, balls-less, Bajan Brass Bowl bluffers…..? (rough guess… 🙂 )

    Liked by 1 person

  25. Gabriel June 2, 2016 at 1:02 PM #

    From the time Hardrock came on the scene I made a deliberate decision to purchase Arawak,never Hardrock.I observed however that the store which supplies my materials without offering me the choice,placed Hardrock on my list.I refused it.Further,my mason told me HR takes longer to dry.I don’t like Maloney’s disrespectful,bullying,backra-johnny- come —lately attitude.But high know where old house is.Our parliament is filled with stupid blacks who failed to benefit from state provided education.JA’s all.

    Liked by 1 person

  26. Gabriel June 2, 2016 at 1:09 PM #

    Fear play
    As long as we are saddled with a lying,conniving,betrayer of trust,a quisling,a Judas in the cabinet,a man who is not to be trusted and who should not be employed by the state,we will never know why our price at the pump never comes down immediately but goes up with undue haste.Never,never would I vote for a Dem.Post Barrow,they have nothing good to offer this and future generations.


  27. Frustrated Businessman aka Republic my ass. June 2, 2016 at 1:17 PM #

    FearPlay June 2, 2016 at 12:02 PM #
    Trouble is, all of us will be judged against this group of buffoons masquerading as leaders. Just think about it. If these buffoons are our leaders, what does it say about us a followers?

    We have been judged and found wanting.

    There will be no economic recovery under Fumble’s Fools.


  28. Gabriel June 2, 2016 at 1:20 PM #

    Appointing Bjerkhamm to the board of the Central Bank with the knowledge that he and Mark Maloney are partners and the decision to pay Maloney from the HCF overseen by the said Central Bank,it looks like placing a fox in the hen house.What yuh expeck?This is real billy de kid stuff….the wild west.


  29. Frustrated Businessman aka Republic my ass. June 2, 2016 at 1:25 PM #

    David June 2, 2016 at 11:11 AM #
    @Frustrated Businessman

    Didn’t Arthur hire a host of consultants in the Prime Minister’s Office to redirect work from the public service?


    I once read that Bajan civil servants are retiring at the rate of 5-7% annually. Do the maths for a five-year gov’t term. This is one instance where the problem could be solved by doing nothing.


  30. David June 2, 2016 at 1:47 PM #


    Dr Robinson in his comment on BU informed that the decision to declare /pay a dividend on the HCF was done at the Operations level and not Board.


  31. Due Diligence June 2, 2016 at 2:23 PM #


    Last I heard, approval to pay a dividend by a corporation is made at Board level – but maybe governance at HCF are different from that at for-profit companies – if there are any governance rules/guidelines at HCF/CBB


  32. Gabriel June 2, 2016 at 2:29 PM #

    David,I read his reply but in this atmosphere of smoke and mirrors I take that with a pinch of salt.


  33. David June 2, 2016 at 2:45 PM #


    We need to eyeball the HCF rules.


  34. Prodigal Son June 2, 2016 at 4:01 PM #

    @ Gabriel June 2, 2016 at 1:20 PM #

    Appointing Bjerkhamm to the board of the Central Bank with the knowledge that he and Mark Maloney are partners and the decision to pay Maloney from the HCF overseen by the said Central Bank,it looks like placing a fox in the hen house.What yuh expeck?This is real billy de kid stuff….the wild west.


    We would have to conclude that the ignoramuses we have in charge of our economy were finding it difficult to find money to pay MM after the houses were built. And voila……….with Bjerkham sitting right there on the CBB board………………….can we wonder who brought up the idea….as we well know Chris aint too bright when it comes to economics……

    But you know what hurts to the core…….MM got paid, the apartment blocks are still shut up. We well know what would happen when a house is shut up for too long yet the morons have not to this day come up with a single idea as to how rent or sell these apartments to recoup some of the taxpayers monies. But MM has his.

    Just goes to show that the houses were not needed if they could be built and allowed to stay there unoccupied…………..just like Coverley.


  35. Old Baje June 2, 2016 at 4:52 PM #

    If they were competent but corrupt it would not be as upsetting as seeing how incompetent these corrupt politicians are.


  36. Colonel Buggy June 2, 2016 at 5:13 PM #

    Looks like we will never learn from our past mistakes. Wasn’t Three Houses Plantation bought with money from the IDB or BDB,with the skimpiest of loans interests, while the purchaser was the head honcho at IDB,or BDB, whichever. And many persons were facilitated with easy loans, from the same organisation to purchase mobile bread shops, to sell the same big man’s bread.


  37. Prodigal Son June 2, 2016 at 6:21 PM #

    @ David June 2, 2016 at 1:47 PM #


    Dr Robinson in his comment on BU informed that the decision to declare /pay a dividend on the HCF was done at the Operations level and not Board.

    That might be so but under whose orders was the instruction given to declare the dividened? We all know how these things work?

    Would we ever see the hand of any of these money grabbers in anything? No…… the black morons that they control would have to take the licks from the public!


  38. Gabriel June 2, 2016 at 6:33 PM #

    The Freundel Stuart administration has significantly increased its equity in LIAT.It now stands at 143 million.Since its 51% stock holding,has anyone seen a Financial Statement of LIAT.There should be no excuse.The Financial Controller is a Bajan Julie Reifer-Jones and the great Mark Maloney is on the board.What cash injections have been made since the Jones and Maloney great combination have the ears of the silent one in Bay St…Lawd have mercy on Barbados when these donkey holes running tings.


  39. David June 2, 2016 at 7:03 PM #

    There is that name again, Mark Maloney.


  40. HAMILTON A HILL June 2, 2016 at 8:31 PM #

    Barbadians are seemingly driven to protect this jack ass accolade ” peaceful people” so they are prepared to do nothing. While the grass is growing the horse is starving. While the bloggers are going bla bla bla, the members of the present cabinet are laughing while they plan covert divestment of …………and not a boy gets a stint in St Philip. What’s the point worrying anymore?


  41. Well Well & Consequences June 2, 2016 at 9:04 PM #

    Despite the government declaring a dividend to pay Maloney, he got his money, then took the taxpayer funded Grotto agreement to the bank as collateral and got an additional 50 or 60 million dollar loan, that is how these crooks are able to pay massive bribes to politicians and strut arounding the island all arrogant, snarling at government workers and politicians.

    But they are playing fast and loose….what they are doing is not sustainable, they are small fish…bigger fish got fried…lol


  42. Old Baje June 2, 2016 at 9:43 PM #

    My contacts confirmed the rumour that Maloney has taken over the old CLICO hanger. He has reportedly ordered a jet.


  43. Well Well & Consequences June 2, 2016 at 9:50 PM #

    Of course he has money to lease a jet, all those government contracts to use as collateral for loans….he alone probably got over 1/2 billion dollars worth of loans….then the loans for Bizzy, Cow, Bjerkham. …why do you think they are partners…..then in addition to the loans….government already paid them their money….despite no returns to the taxpayers or treasury from the Coverley scam…the Grotto scam….the taxpayers lose again.

    Leroy Parris used to boast about his plane..lol

    This is how racism is handled in the real world.



  44. Well Well & Consequences June 3, 2016 at 5:19 AM #


    This is what Tempro and Bjerkham are good at…cutting their workers salaries down to slave wages and calling it an incentive.

    In this day and age, who cuts worker’s salaries by more than half, temporarily or not….it happens no where else in the world.


  45. millertheanunnaki June 3, 2016 at 8:23 AM #

    @ David June 2, 2016 at 1:47 PM #
    “Dr Robinson in his comment on BU informed that the decision to declare /pay a dividend on the HCF was done at the Operations level and not Board.”

    Well, well, never thought I would live to see the day when a so-called guru in Management Studies would have the gall to eject so much bullshit from his mouth.
    The man is either a bold-faced politically tainted liar or a politically controlled academic pimp.
    Which commercial entity- either in the private or public sector -can declare a dividend to its shareholders without recommendation and approval from its Board of Directors?

    The actual payment of the dividend is certainly an ‘Operational’ exercise; but certainly not the decision to make such payment which is entirely the responsibility or purview of the Board of Directors.

    DR. JR, if you can direct us to such a case where operational management took it upon itself to declare and pay dividends to shareholders without the approval of the Board of Directors we will be prepared to make an endowment to the Faculty of Social Sciences worth $200,000 per annum for the next 20 years.

    Liked by 1 person

  46. Bush Tea June 3, 2016 at 8:34 AM #

    @ Miller
    That was such a load of rubbish that it should really just be punished with laughter.

    Not even AC would buy that shiite of an excuse for being an irrelevant, meaningless, yardfowl of a Board, that seems to be not even needed to rubber stamp basic policy issues.

    Dr Robinson should really resign from all these embarrassing positions, and keep his pathetic donkey at Cave Hill and see if he can improve his standing as a basic teacher…..

    Liked by 1 person

  47. FearPlay June 3, 2016 at 8:53 AM #

    So, if rumor has it correct and MM has taken over the old CLICO hangar and ordered a jet, it goes to reason that with his LIAT connections, minister of housing contact and HR cement investment that we may still see an airport in the north (near to JB’s marina). What a laugh or is it? Think about how much money could be made by how few.


  48. millertheanunnaki June 3, 2016 at 9:23 AM #

    @ Gabriel June 2, 2016 at 6:33 PM #
    “The Freundel Stuart administration has significantly increased its equity in LIAT.It now stands at 143 million.Since its 51% stock holding,has anyone seen a Financial Statement of LIAT.There should be no excuse.The Financial Controller is a Bajan Julie Reifer-Jones and the great Mark Maloney is on the board.What cash injections have been made since the Jones and Maloney great combination have the ears of the silent one in Bay St…Lawd have mercy on Barbados when these donkey holes running tings.”

    If Mark Maloney is such a high-flying entrepreneur why not offer to sell LIAT to him for peanuts so that he can make his name in the airline business and become the local equivalent of Richard Branson richly deserving of the title ‘Sir’?

    This would be a golden opportunity for the Stuart administration to divest itself from non-performing commercial assets as part of its behind-the-scenes Privatization programme.

    If he, Maloney, is that good as to take over LIAT for song I would be the first to salute the man as a real, real icon of a business tycoon and not as the parasitic business flea he presently appears to be.
    His demands for special incentives for his Aero Caribbean venture would now be justified unlike the Coverley matchboxes and the Hard Rock cement statue of Defiance parasitically sucking on the already sore nipples of the Government, to use the imagery of Sow Fumble.


  49. Gabriel June 3, 2016 at 10:35 AM #

    It is unlikely that Maloney is unaware of the failure of Caribbean Star airline of Allan Stanford. Stanford was hoping to put LIAT out of business and in the end LIAT ended up with his rolling stock.


  50. Well Well & Consequences June 3, 2016 at 10:51 AM #

    They know that as a board member Bjerkham rubber stamped that scam for Maloney…the dude works for and is business partner to Bjerkham who shoild not be in the central bank.


  51. Colonel Buggy June 3, 2016 at 11:37 AM #

    abajanhowe June 1, 2016 at 10:51 PM #
    The’re many questions that we will never get answers to. Can anyone say if Sinckler and or Mark Maloney is mentioned in the Panama Papers? Where are they going to launder their ill gotten money? The Swiss banks?
    Try the Barbados Central Bank in Church Village where Leroy Parris has his ill-gotten gains stashed away. It would not surprise if in the end he is not paid a handsome interest for the use of the fleeced CLICO POLICY holders money.


  52. Colonel Buggy June 3, 2016 at 11:44 AM #

    FearPlay June 3, 2016 at 8:53 AM #
    And what may be back on the cards,with an airport in the north, is the toll road from Seawell to the West Coast, as suggested by COW.


  53. Well Well & Consequences June 3, 2016 at 11:57 AM #

    Miller. ..Bizzy them already had Redjet remember, after making themselves parasites with the 4 seasons scam and NIS pension money, they were trying to milk the fund for Redjet, did not work out though… credit unions have to watch their cash…dont let Maloney et al anywhere near it…or the government.

    Let the 2 bit small time crooks look outside the Caribbean or if they must, Jamaica or Trinidad for funding, they think they are big fish, so let them go swim with the sharks….the Russians, the Saudis….etc,.


  54. Well Well & Consequences June 3, 2016 at 12:02 PM #

    Someone was wondering if Buzzy et al are in the Panama Leaks docs and have shell companies…we will find out soon enough, even if they are not, all money transactions across the globe are now suspect, dem likkle boy from Barbados cannot avoid scrutiny…


  55. FearPlay June 3, 2016 at 2:35 PM #

    Notice how all the big companies and money people are looking for ways and means to avoid paying tax or to pay as little as possible and we small minded fools consider it an honor to line up and give our hard earned money to BRA so that this gob will have more money to fritter away to poor needy souls like Sandals, Turf Club and SBRC and to line the pockets of local plantocrats. Is it any wonder that the genius Jones on instruction from Stinkl cut off university fees? They realized that the money was being wasted on us.


  56. David June 3, 2016 at 4:17 PM #

    There is not a single person out there who is prepare to send BU the governance rules for the HCF?


  57. FearPlay June 3, 2016 at 4:52 PM #

    @David, maybe you should post the method of sending anonymous information to BU once again.


  58. David June 3, 2016 at 5:21 PM #


    There is the link at the top of the page ‘Send Confidential Message’ at the top of this page.


  59. Prodigal Son June 3, 2016 at 6:28 PM #

    So who owns the 15 garbage trucks sitting in the port?

    Are they being brought in duty free and then to be rented to the poor taxpayers at premium prices?

    We have some real butt holes ruling this country.


  60. David June 3, 2016 at 6:42 PM #

    @Prodigal Son

    Mark Williams stated on the talk show today that he knows, ask him!


  61. Colonel Buggy June 4, 2016 at 12:20 PM #

    With the amount of money made by the Brathwaite up north on the rental of his Caterpillar D9 to the SSA ,for the past couple of months, it would not surprise me if he is the owner of the garbage trucks in the port.
    Then again, it could be the other Brathwaite from Transtec, or Parris’ or Lowes’ $5 Million, each, being invested/ laundered. The pool of potential owners of these garbage trucks, could be reckoned on one hand,especially when that one hand is a back scratcher.


  62. FearPlay June 4, 2016 at 3:16 PM #

    (CNN) – FIFA is back in the headlines for all the wrong reasons after its own lawyers revealed that former president Sepp Blatter and two of his colleagues awarded themselves pay raises and bonuses totaling $80 million over their final five years in…
    A thief is a thief is a thief is a thief! Does this sound like they went to the same school as our local boys or is it just a coincidence that the syllabus was the same? If only there were a way to get at these children of unmarried parents after they are kicked out of office.


  63. FearPlay June 4, 2016 at 3:19 PM #

    Those of you who are children of unmarried parents, please do not take offense to the term as it is used pre EWB’s step to regularize the law in relation to children of those unions (of which I was one).


  64. Anthony Davis June 21, 2016 at 3:09 AM #

    People, your PM has just said that he is confident of a third term! He must know something the rest of us don’t!


  65. Anthony Davis June 21, 2016 at 3:11 AM #

    The question is though: If he is so confident, why doesn’t he call elections right now?


  66. balance June 21, 2016 at 5:41 AM #

    “Anthony Davis June 21, 2016 at 3:09 AM #

    People, your PM has just said that he is confident of a third term! He must know something the rest of us don’t”

    The Dems have not done anything to deserve a third term but is the alternative deserving of elevation ?


  67. balance June 21, 2016 at 5:54 AM #

    “Which commercial entity- either in the private or public sector -can declare a dividend to its shareholders without recommendation and approval from its Board of Directors”



  68. Bush Tea June 21, 2016 at 7:27 AM #

    @ balance
    CLICO had a Board……?

    @ Anthony Davis
    People, your PM has just said that he is confident of a third term! He must know something the rest of us don’t!
    He ALSO said….
    that the CAHILL deal was awaiting his approval;
    that Tertiary education would continue to be free
    that he had witnesses vote buying
    that he was a man of integrity……
    shiite!!! Leroy Parris continues to be his chum….
    Tells you anything? 🙂

    @ FearPlay
    If only there were a way to get at these children of unmarried parents after they are kicked out of office.
    There is.
    Its called KARMA and it works.
    Just that by then they are out of the public view ..and are able to keep their suffering to themselves. Why would we want to share in their just rewards?
    Bushie’s all-time favourite so far is Ariel Sharon ..the Israeli butcher….. but the bushman has bets that a few of these local politicians who have pissed on the sufferings of our ancestors who made sacrifices to bring us to where we were 50 years ago, will surpass his experience…

    These jackasses have NO IDEA what they are playing with….


  69. pieceuhderockyeahright June 28, 2016 at 9:07 PM #



  1. Preconco Towers Closed for Business at the GROTTO | Barbados Underground - June 20, 2016

    […] Central Bank Declares SPECIAL Dividend to Pay Mark Maloney for the GROTTO Project […]


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