The GROTTO: Solicitor General ‘Opinion’ Deems Dividend Payment from Housing Credit Fund Illegal
The truth about the GROTTO Housing project and the decision to declare a dividend from the Housing Credit Fund (HCF) by the Central Bank of Barbados (Government) to pay Mark Maloney of PRECONCO is finally coming to light. The BU household has relentlessly pursued this matter and it gives us no satisfaction to be proved right. Should it make sense why the Minister of Finance plans to terminate and transfer the HCF to the Consolidated Fund?
What the revelation has confirmed is that we have a government willing to flout the financial rules to appease their friends and to fill their pockets. We have a government committed to continue the practice of its predecessor to ignore the observations of the Auditor General. Lastly what it confirms is that members of the political class are loyal to the clan.
Thank you from BU to the BU family member who shared the document.
See the opinion letter issued by the Solicitor General’s Office.