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Preconco Towers Closed for Business at the GROTTO

On 1 June 2016 BU posted the following blog. Central Bank Declares SPECIAL Dividend to Pay Mark Maloney for the GROTTO Project by David on June 1, 2016 in Barbados News, Politics Edit In Mia Mottley’s reply to the June 2015 Budget she accused the government of Barbados of making a highly questionable decision. Minister…

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The GROTTO high rise project
The Grotto
Dr. DeLisle Worrell, former Governor of the Central Bank

On 1 June 2016 BU posted the following blog.

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

by David on June 1, 2016 in Barbados News, Politics Edit

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 […]

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The BU household is not motivated to jump on the Maloney bandwagon because it is #trending – as taxpayers we need to have a simple question answered.

Will the governance rules of the Housing Credit Fund (HCF) be shared with Barbadian taxpayers?

A situation now obtains where a 25 million dollar payment was diverted from the HCF to pay Mark Maloney’s company PRECONCO for buildings at the The GROTTO which remain unoccupied many many months later. In the interest of good governance and transparency the public has a right to know.

74 responses to “Preconco Towers Closed for Business at the GROTTO”

  1. Prodigal Son Avatar
    Prodigal Son

    @ Pieceuhderock,

    You may be right, you know.

    Just now the morons will start moving dems into those houses ………….

    Maloney would have long collected his millions and shared the spoils. The houses having been left closed up for so long would then begin to have all kinds of problems and the BLP and would be left to bear the burden.

    What a bunch of incompetent people!

  2. Hants Avatar
    Hants

    @ Bush Tea the whacker.

  3. ac Avatar
    ac

    Lawd hav merci with the Barbados economy on the up and up there goes the BLP hood negros like bees scampering from a bonnett they have no economic issues that would lay bared the failures of the govt but like the proverbial paling cock crowing in the dead of nite they continue to cling to conspiracy theories and slanderous attacks however question all wants to know is .Where is the evidence

  4. ac Avatar
    ac

    another mouth piece of doom and gloom

  5. Well Well & Consequences Avatar
    Well Well & Consequences

    AC Pimps….. the evidence is 6,000 laid off and still not working, youngsters leaving school this year again and still cannot find a job, thousand of young men and women with no jobs, NCC workers still not paid severance, civil servants still have no raise after nearly a decade…ditto public servants…the government employees about to be soon laid off that ya lying ministers trying to keep a secret from the electorate…..ya wont stop telling lies, one day you will wake up and have no tongue.

    For that ya should not get one seat come elections and have to let your yardfowls live for free in the little box ovens Molaney built so ya can get votes….liars.

  6. David Avatar
    David

    Rock Hard cement on the move today. Apparently blowing all across the highway.

    rockhardcement

  7. Prodigal Son Avatar
    Prodigal Son

    @ Gabriel June 21, 2016 at 5:57 PM #

    David
    As I recall Darcy Boyce was a deputy governor and he was not a team player and OSA moved him………..

    Gabriel

    Darcy would never have been a team player as he felt that he should have been governor and not Marion Williams!

  8. TheGazer Avatar
    TheGazer

    How one man sees it….

    BL&P management had indicated that those who supported the Bajan that was kicked would be disciplined. Management believed that business would be conducted as usual and there would be no consequences even when a Barbadian was abused and humiliated . In fact, the perpetrator of the abuse would continue work as normal, but those who displayed any semblance of human dignity or of pride would be punished.

    The Canadian would not have kicked a Canadian, but thought he could do so in Barbados. In Canada, the company would have terminated him and then braced themselves for a lawsuit. One must ask- What made him think that he could kick a black person in a majority black nation with black political leaders? What is it about our society that made him felt there would be no blowback for this dastardly deed? During his stay in Barbados, did he become aware of our docility or our lack of a national spine? Was he surprised when (1) he got away without being beaten, (2) he was not fired on the spot, (3) no legal action was considered (4) the HR/PR personnel was calling his kick a nudge and (5) he could go about business as usual?

    Unfortunately for him, there are a few Bajan with spines, national pride and dignity. He qauickly realized that we were not a nation of eunuchs only. We found a few brave heroes who had the courage to protest the humiliation of their countryman; who demonstrated that not all Barbadians spineless; and who sent a warning to the powers that be ( or at least to that Canadian), this would not be business as usual.

    Someone whispered to him or he had the sense to realize that despite ‘reassurances’ from the powers that be, there would be repercussion to his actions.He saw himself in the eyes of the tiger. Demonstrating more sense than powers that be or the front office PR/HR lackeys, he decided that it would best to leave the island.

    It is up to the citizens of Barbados to ensure/insure that the narrow minded and vindictive BL&P PR/HR lackeys takes no further action against these patriots. Without their protest, Barbadians would have been seen throughout the Caribbean as a spineless docile bunch who can be kicked around (in every sense of the word). They salvaged the dignity of Barbados; they carried the flag.

    You want to celebrate a 50th anniversary, celebrate those men who in their fight to prevent the humiliation and degradation of their fellow Bajan, pursued a course of action that reminds me of Mandela and MLK and at the same time they restored our national pride. These men saw an injustice and had the courage to stand up speak out.

    Gentlemen, I salute you.

  9. TheGazer Avatar
    TheGazer

    *I missed a few words, but you will get my point..

    The protesters made me feel proud (as a Bajan).

  10. TheGazer Avatar
    TheGazer

    Now we need to protest the man who was given six months in jail for stealing BDS $7.70 in food.

    We cannot claim to be civilize when we abuse the poor and helpless.

  11. Alvin Cummins Avatar
    Alvin Cummins

    Miller,
    Further to you contribution, in response to my comments, you have got to be nuts, or just plainly a stupid prevaricator. The Barbados dollar has never been devalued (as far as I know) The
    trinidad dollar has been devalued more than once.
    Trinidad is now seeking to borrow over one billion dollars to shore up its currency, and you have the temerity to declare that it is more stable than thebarbados dollar? The last IMF report last month indicated that the currency (Barbados) was stable and that the economy “had turned the corner”. the reason Barbados is importing “from Trinidad” is because the traitors at SS&T sold the country out lock stock and barrel. When Massey bought it the also bought the Distribution and distributors for the agencies BS&T handled.The reason Sagocpr os moving its headquarters is because they chose not to develop the lands in the company’s portfolio. I am still wondering why they had to float a Bond issue, and why they would have to seek loans to widen their investment portfolio also. Something does not pass the sniff test. It is fishy. Time will tell.

  12. Sunshine Sunny Shine Avatar
    Sunshine Sunny Shine

    Jesus Lord have mercy. I agreed with two commentaries posted by Alvin Cummins that makes a whole lot of sense to the SSS. I hope this is not a sign that the grim reaper is not about to call my name. But, those two contributions by him are the best that I have read by this sufferer of deluded grandeur.

  13. David Avatar
    David

    Roy Morris’ column today fits with BU’s view. It is really not about Mark Maloney but more hoe we have allowed business facilitation to deteriorate in Barbados spiced with a few other issues. We circle back to lack oof good governance.

  14. Frustrated Businessman aka 'Refer teefin' to the DPP' my ass. Avatar
    Frustrated Businessman aka ‘Refer teefin’ to the DPP’ my ass.

    David June 22, 2016 at 5:26 AM #
    Roy Morris’ column today fits with BU’s view. It is really not about Mark Maloney but more hoe we have allowed business facilitation to deteriorate in Barbados spiced with a few other issues. We circle back to lack oof good governance.

    I have been typing this on BU for years, Morris is 7 years behind.

    There is no business facilitation in this DLP Bim, Fumble’s Fools were of the view that Barbados managed itself and all they had to do was collect their percentage. Like an Indian boy who takes over his father’s van and country customers but doesn’t know the roads to travel or the van goods country people want. It looked like an easy job from the passenger seat.

    That opened the door for bribers and lawyers. One way or another you have to pay to move forward in this DLP country.

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

  15. Sunshine Sunny Shine Avatar
    Sunshine Sunny Shine

    David

    Even if Roy Morris did not highlight that, I think what he said is obvious to those who understand what is going on in Barbados. What we see happening in state-operated agencies is an easy buyout. Barbadians, a significant number, unfortunately, is open to the highest bidder, and there is no easier game to influence money-starve persons than those in government and various government departments. It is the reason why each administration has their operatives in place. The operatives ensure that when the bribing merchant comes, he or she strikes the deal, and the payout is ready for those who are part of that deal. So a minister does not have to be up front. He or she just approve and give consent for an individual project, and the operative takes care of the rest. Of course, there are those deals where the party agent is not involved period. These are the ones involving hundreds of millions of dollars, where direct deposits or secret meeting places are agreed too in very private chambers. Such deals must not include too many parties and must make sense when proposed less they give rise to controversy.

  16. Sleep Recall Avatar
    Sleep Recall

    @ Sunshine Sunny Shine on June 22, 2016 at 7:40 AM

    Like CAHILL ENERGY?

  17. Well Well & Consequences Avatar
    Well Well & Consequences

    Yeah…but the Cahill scam was all consuming, too many players with no money looking for someone with deep pockets and too much greed….with Clare Cowan not about to keep any secrets with her crazy self…lol

    If the government had that amount….700,000, in the treasury, Cahillwould have been a done deal…but 1.5 billion had already mysteriously disappeared…cant get blood from stone.

  18. Well Well & Consequences Avatar
    Well Well & Consequences

    And not only would it have been a done deal was that 1.5 billlion dollars still in the treasury, but none other than Bjerkham would have been spearheading the destruction that was Cahill….that is what makes these 6 or 7 parasites on the island so dangerous and that is why they should be pushed out…it’s a new dawn.

  19. Colonel Buggy Avatar
    Colonel Buggy

    And even more disgraceful is the never ending housing development at Constant St George, east of the secondary school. Work was probably first started on this site some ten years ago,under the same Lashley, and many of these houses are far from completed. But you can bet your bottom dollar that many a mansion, offsite , have been completed and occupied , through the chute ,compliments of this project. Who is the contractor anyway?
    It was once rumored that Kellman was planning to used this housing development, in a Corn Beef and Biscuit operation, to rehouse people from his constituency who vote him back in, at the next general election.
    http://i.imgur.com/r1VywN9.jpg?1

  20. David Avatar
    David

    @Colonel Buggy

    It can’t be 10 years if the DLP has been in office for about 8.

  21. Heather Avatar
    Heather

    @David,

    I read Roy Morris’s Column and I disagreed with him. If the treatment that is now being meted out to Mark Maloney was given to someone who was not at the receiving end of numerous government contracts, I could agree that the problem was business facilitation. However, I do believe what we are witnessing is just another symptom of the deficiencies in the Constitution of Barbados.

    Let us examine a few of symptoms. There was the matter of the Speaker of the House, who stole from a pensioner yet remained as Speaker of the House. When the matter became public, if I remember correctly the Prime Minister said that the Speaker had broken no law. Under normal circumstances funds belonging to the public are not kept at the Central Bank. Although I believe this to be wrong, I am not aware that any law of Barbados was broken by the Governor in keeping the money for Leroy Parris. There was no law to prevent Mara Thompson from remaining as the Representative for St. John in the House of Assembly even though she was involved in the missing funds of the Clico scandal. Even with the Cahill scandal, there was no law to make those Ministers who signed the Agreements resign. Like wise with the Coverley and other contracts given to Maloney et al, there are no laws to prevent Government from exclusively giving contracts to a select few citizens.

    There is even a problem of enforcing the laws with this archaic legal system which is compounded by the fact that the rich and the poor are treated differently. The poor are persecuted and prosecuted by the law while the rich are allowed to get off scotch free if their case make it to the courts. The system was built to be prejudiced against the poor.

    Essentially, they are no laws to reign in those who believe that they are above the law. If the poor must abide by the regulation of the TCP so too must the rich. Mr. Maloney has operating above the law all along until he fell out of favor with the government.

  22. David Avatar
    David

    @Heather

    We have laws, the AG does his Audits, the PAC should act, players are held accountable.

    If laws are being ignored today what makes you think additional laws or a change to the constitution will be adhered to? What we have is a political class who will close ranks to protect the ALL. Do you recall the gun incident and what happened? How did the Committee of Privileges deal with the matter? We are a banana republic Heather.

  23. watchman Avatar
    watchman

    Banana Republic ? Failing State,The DLP have a bunch of the ugly faces and curse persons that run this country, just hearing the ugliest PM speech on anything is a turn off for many

  24. MAM1 + MAM2 = Business as Usual | Barbados Underground

    […] Preconco Towers Closed for Business at the GROTTO […]

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