Four Seasons Project – Story of Failure

The most recent Auditor General Report – see 2020 Auditor General Report – Time to Fire Senior Public Servants – continues to generate the usual concerns engaged annually by the general public. Although it must be said there is more impatience being exercised this time around if the blogmaster has tested the temperature of debate correctly. Is it because of the unprecedented mandate given to the Mottley led government in 2018? The promises made during the last general election platform certified by hints of documents secreted in the Red Bag that officials known to have engaged in criminal acts and flouting of government’s financial rules will be held accountable? members of the public rightly (or wrongly) have set high expectation that Mottley will turn the table and tackle malfeasance in the public sector once and for all. Knowing that it takes two hands to clap one can reasonably expect private sector players will be in the frame as well were she to lead Project Corruption Clean Up.

Three years later and it is business as usual on the rock with Minister in the ministry of finance Ryan Straughn still promising that the government is probing malfeasance highlighted by the Auditor General’s recent report.

Two issues caught the attention of the blogmaster yesterday (7 Jun 2021). Minister Straughn admitted the Clearwater Bay Limited (Four Seasons) file has not been digitized and therefore he would have to review said file to be able to respond to a question about the total of the project-to-date lending by government. The other is the alleged $124 million reportedly written off by government.

BU commenter Artax offered the following comment on another blog to explain the $124 million.


Therefore, the people of Barbados have a right to know where the money has gone? And why was this investment valued at $124 million written off.

Verla De Peiza – Leader of the Democratic Labour Party

It’s either Verla De Peiza has conveniently lost her memory or opposing just for the sake of opposing.

Paradise Beach Ltd. secured an 18 month, US$60M (BD$120,000,000) loan from ANSA Merchant Bank, at an interest rate of 6.75%, for the purpose of ‘restarting’ construction of Four Seasons Resort.

The former DLP administration agreed to guarantee the loan in return for a 20% stake in the project.

Paradise Beach Ltd. defaulted on the loan and ‘government,’ as guarantor, had to repay the outstanding amount and interest in the amount of $124,329,766.

Verla was a GOVERNMENT SENATOR when the ARRANGEMENTS were made between the former DLP administration, Paradise Beach Ltd. and ANSA Merchant Bank.

Why is Verla De Peiza saying “the people of Barbados have a right to know where the money has gone,” when, according to Chapter 2, pages 25-26 of the 2016 Auditor General’s report:

This amount ($124,329,766) was subsequently brought to book in the accounts of the Treasury as an account receivable. There has been no movement on this receivable account for the past four (4) years.” [2.49]

There is NO information available on whether there might be a need to write down this receivable or WHEN or HOW THIS AMOUNT will be REPAID. [2.49]

2020 Auditor General Report

Did the former administration use tax payers’ money to guarantee a loan for Paradise Beach Ltd., without negotiating the necessary arrangements to recover the funds, if the company reneged on its commitment to repay?

From whom or what company would the former or current administration recover the outstanding debt, especially if Paradise Beach Ltd. is defunct?

How can one deem $124,329,766 to be ‘missing,’ when the amount has remained on the ‘books’ and uncollected for ‘several years’………. and ‘yuh doan know who to collect it from?’

249 comments

  • Even aside this whopping 124million
    This govt since coming into office has waived several millions of dollars to big business with out giving accountability or being transparent as to whom these massive waivers were given
    So not unexpectedly that govt apologist would step up.to weave a net of added confusion trying to.place another layer of political mouthings of who and whens

    Liked by 1 person

  • Verla asked for full transparency on the 124million

    “In the 2018-2019 financial year, the entire investment was written off. It has not been clearly established what was the basis of the entire write-off of the investment. It was also not clear what was the nature of the investment relationship Clearwater had with the hotel owners. The investment and subsequent write off could not therefore, be verified by the auditors,” he said.
    Therefore, the people of Barbados have a right to know where the money has gone? And why was this investment valued at $124 million written off.

    Like

  • “This govt since coming into office has waived several millions of dollars to big business with out giving accountability or being transparent as to whom these massive waivers were given.”

    That could also be a topic for discussion. All you have to do is, use your “investigative reporter” skills, compile your information, present it to BU, ‘bowl the opening over’ and let’s ‘start’ the discussion,’ rather than, according to your mate, “throwing stones from the sidelines.”

    However, the thing is, I did not have to copy and paste to BU, the opinions expressed by people on other social media platforms that support your agenda.

    So, you could talk wuh the shiite you like, because all of this information is in the public domain.

    It is in the same Auditor General reports you were criticising at that time.

    Like

  • Kemar Leroy Stewart

    Why was the $124M written off when there is an asset, the land at Freshwater Bay? That is the $124 MILLION DOLLAR QUESTION.

    Liked by 1 person

  • All the electorate need to know is that they are ALWAYS BETRAYED BY DBLP….that’s more than enuff evidence to kick out the current TRAITORS and never let in the former TRAITORS…they will betray you and sell you out to minorities FOR THEIR CUT….they all went to the same schools, sit at the same tables plotting and planning, and are partners in the same business of robbing the population, sabotaging advancement and keeping them at the bottom of the social ladder…

    that is what DEPLETED the treasury and pension fund over DECADES…..corruption and giving away what’s not theirs in exchange for bribes…

    the write-off artist has been very busy trying to cover their tracks…

    can’t stop the electorate from KICKING THEM OUT OF PARLIAMENT…there aint enuff coverup can stop that…

    Like

  • “In the 2018-2019 financial year, the entire investment was written off. It has not been clearly established what was the basis for the entire write off of the investment.” [2.26]

    In the interest of ‘transparency and accountability’ (words that are bandied about when it’s convenient) the current administration needs to explain why the entire investment was ‘written off.’

    “It was also not clear what was the nature of the investment relationship Clearwater had with the hotel owners.” [2.26]

    Clearwater Company was created by the former administration. Perhaps Verla could consult with Richard and Chris.

    Like

  • Looks like “no big works cahn happen bout here widdout me” got BIG, BIG TROUBLE….lawd…and it’s LONG OVERDUE to get much, much bigger…

    Like

  • @ Kemar Leroy Stewart June 8, 2021 5:53 AM

    Good ‘intervention’ there, Mr. Stuart!

    Who is the present owner of the real property (land) on which the now abandoned Four Seasons project once stood?

    And if it is not the GoB, then who?
    At least that basic piece of information should be readily available to Minister Straughn without having to wait on some missing hard-copy file titled ‘The Four Seasons Scam’.

    Liked by 2 people

  • The blogmaster must echo Artax’s observation, we have many jumping on the topic without knowledge of the full history of the project.

    Paradise (Clearwater Bay Ltd) Sold to Pharliciple Inc

    Movement on the Clearwater Bay (Four Seasons) Project

    Moving The Earth For Four Season’s Hotel And Cinnamon 88

    Like

  • Bear in mind, the Auditor General in his 2016 report mentioned: “There is no information available on whether there might be a need to write down this receivable or when or how this amount will be repaid.” [2.49]

    Was “the land at Freshwater Bay” sold?

    Click to access paradiseclearwaterdoc.pdf

    If so, why was the proceeds from the sale not used to settle ‘government?’

    And, if the amount was actually repaid, then why did it remain on the ‘books’ as an accounts receivable for SEVEN (7) years……. from 2012 until it was finally written off in 2019?

    That, my friend, “is (another) $124 MILLION DOLLAR QUESTION.”

    Liked by 1 person

  • Sold to Pharliciple aka bjerkham one of the partners in the 4 seasons and no one could find the 60 million dollars…that number again….that they claimed they paid DLP for the eyesore that they ALL created….

    while the write-off specialist is running around writing off this multi million and that billion…BELONGING TO THE POPULATION….with no explanation or accountability..

    Like

  • “Minister Straughn without having to wait on some missing hard-copy file titled ‘The Four Seasons Scam’.

    was it sutherland who was on the parole of the racists and thieves involved prior to being elected….looks like they are all still there…and to hell with all the money THE TAXPAYERS WHO LOOK JUST LIKE THEM are paying them in salary monthly…..they are some ungrateful negros….never elect any of them again..

    where are all the yardfowls to explain this….Donville needs company..

    liars, frauds and thieves.

    Like

  • @the political class

    Oh what a tangled web we weave when first we practice to deceive

    Liked by 1 person

  • Apparently, JADA bought Four Seasons for US$60M. But when were details of the sale revealed?

    Click to access paradise-sold.pdf

    Like

  • David
    This is an issue which should properly go the impending failure of all the social, political and economic systems around us.

    This project was started by a BLP regime in which Mugabe was its deputy.

    Then using her connections to David Thompson she was able to re-assert the power of the duopoly to continue to hang this misbegotten project around the necks of the Bajan people.

    Verla Depieza’s selected memory and misguided comments can only be properly located within that cultural decadence cited earlier.

    For it is only a two-sided guillotine with the capacity to cut at the heart of this deeply cultural bound malformation holding the remedy.

    Like

  • NorthernObserver

    @KLS
    You raise the point.
    Clearwater Bay was begun to “guarantee” loans/debt to restart the project. Guarantees themselves are not assets, but the collateral backing them are, or should be.
    The AudG writes the “investment” was RECORDED at a value of $124M for several years.
    One is only guessing, because the GoB NEVER provided annual reports for Clearwater.
    What likely happened is Clearwater Bay guaranteed many unknown debts/loans and received the property as collateral. In LIAT accounting style (mentioned elsewhere in his report), the value of the land was equated to the value of the guarantees. When the loans were defaulted, Clearwater seized the land. They then sold the land (Pharliciple?), and recorded the remaining (guarantees – sale proceeds) as an “investment”. Potentially they also had some other promissory note of perceived value.
    So what was there to write off? This is the AudG question.
    It was a scam from the get-go.
    So let me return to my salvo from another thread. They are GoB employees, past or present (pensions are pay from the taxpayer) who know what happened. Like Ms Millar in the DI case, she could report what occured and upon whose instruction/sign off it occurred. Same here.
    It is rich as RH when a member of the DLP or those of it’s BU fan club, have the audacity to mention Clearwater Bay. I am confident a wide range of people from all political stripes benefitted. The screw position is the tax payer.

    Like

  • “Then using her connections to David Thompson she was able to re-assert the power of the duopoly to continue to hang this misbegotten project around the necks of the Bajan people.”

    DLP ENEMIES of Black people…..that’s all they will ever be..

    and that’s what the electorate HAS TO COME TO TERMS WITH and treat them accordingly..

    Like

  • Do not encourage the blogmaster to remind bleating DEMS about the sorry tale of The Grotto housing project. Sinckler removed funds from the Industrial Credit Fund that was established to fund low cost housing. The AG also questioned this abuse of power by the MoF at the time with public servants acting as accessories to the fact.

    Oh what a tangled web we weave when we first want to deceive.

    Liked by 1 person

  • DBLP ENEMIES of Black people…..that’s all they will ever be..

    and that’s what the electorate HAS TO COME TO TERMS WITH and treat them BOTH accordingly..

    Like

  • Vincent Codrington

    Very interesting! Wuh! Loss!

    Like

  • NorthernObserver June 8, 2021 9:20 AM

    Exactly!!!

    I was waiting for a response about the land being an asset and an explanation relative to the investment, before raising the points you raised in your contribution.

    I believe the specific purpose for establishing Clearway Bay Ltd. was to act as an ‘intermediary’ between Paradise Beach Ltd. and ANSA Merchant Bank.

    Verla should also ask, on behalf of Barbadians about how and where the transaction relative to the sale of the property and the funds received as a result were recorded.

    Where are Clearwater Bay’s financial statements?

    Surely “the people of Barbados have a right to know where the money has gone.”

    Like

  • @Artax

    From your read of this Clearwater transaction who would have been the principals to set up the transaction to facilitate the sale?

    Like

  • 2SLGBTQIA+.

    Like

  • “The report revealed that the Poverty Alleviation Fund had been used improperly, with some of the $24 million paid out between April 2007 and July 2019, spent on mortgage arrears and sponsorship of shows, among other things.”

    would that be the same violent, gun glorifying, lewd, obscene shows that both governments and the minorities fund….throughout the year and especially at crap-over..

    QUESTION:

    what was Mia doing writing off 124,000,000 dollars from the 4 seasons scam, for which she was the LAWYER….why would a PM be doing that

    …it was a conflict of interest from the moment she took it upon herself as former deputy PM, former AG, former minister of education….to represent the scam artists in that FRAUDULENT SCAM…to rip off the treasury…

    so why is she, as CURRENT PM.. writing off what they SCAMMED ..

    that is what straughn should be answering..

    Like

  • Seem as if the argument is now
    “Show me a B scam and I’ll show you a D scam”
    ——xx——
    Still trying to get my head around the joy of receiving $18M IMF and then we are tossing around over $100M as if it is loose change.
    ——xx——
    This writing off is merely the transfer of properties or large sums of money into the pocket of private individuals.

    The more knowledgeable get caught up with accounting details and government deals. Fools like me say – clever fraud.

    Like

  • Pissing on their legs, telling them it is raining and some catching it in their cups.

    Like

  • “Still trying to get my head around the joy of receiving $18M IMF and then we are tossing around over $100M as if it is loose change.”

    tossed around by the TRAITORS who were elected to represent the majority population and not to TIEF billions of dollars to share with corrupt minorities and they are all acting as though the money is THEIRS instead of the rightful owners’…..how do you write off…..WHAT IS NOT YOURS…without consulting with the owners.

    Like

  • And the lies keep coming from “no big works cahn happen bout here widdout me” the MINISTER OF FINANCE….who signs of on EVERYTHING FINANCIAL…so who else has been writing off left and right since elected….

    wrote of 1 BILLION DOLLARS IN VAT that the minorities TIEF from the people and reduced tens of thousands to POVERTY…

    wrote of another $500,000 for family and friends so they could EVADE TAXES…

    let them keep digging the hole deeper and wider enuff to fit all of dem and their Slaves IN IT….

    ah guess they can’t even remember the artistes they tried to set up now, too much fire under their wicked traitor asses.

    “The $124 million invested in Four Seasons by Government was not written off because Prime Minister Mia Mottley was the lawyer involved in the project.

    This was made clear by Minister in the Ministry of Finance, Ryan Straughn, who has maintained that Mottley had no say in whether that money would be taken off the books.”

    Like

  • The Prime Minister and MINISTER OF FINANCE “had no say”…..wrap ya heads around that….let’s see who the blame gets passed to…whoever it is, deserves it, they could only be a Slave if they accept blame and don’t speak out..

    we seem to be coming down to the nitty gritty..

    Like

  • So despite the PR and spin nothing has changed?

    Who would have thought?

    Like

  • The hypocrisy has opened a can of worms. The passions of the people have been aroused!

    These worms are not going back in the can.

    The people gave her the vote and COVID has encouraged them to WATCH HER.

    I hope that she will welcome the scrutiny she requested.

    Like

  • William…we could only watch and APPLAUD the performance…..they are too small time for an Oscar or academy award and they are not first class anything….they only tell themselves that…

    they are more of a comedy show…but the people they ROBBED billions of dollars are not laughing, they are too weak, starving and broke to laugh, can’t take care of their families or pay their bills…and now TRAPPED in years of ONGOING POVERTY.

    But do the supporters of corruption realize that MIA SHOULD NOT HAVE BEEN THE LAWYER FOR the 4 seasons SCAM PROJECT….not after being Dep. PM/AG under Owen and knowing exactly how much was left in the treasury in 2008 and HOW MUCH THEY COULD TIEF…

    Like

  • Some have been accused of criticizing just for the sake of criticizing. But it is difficult to comment on a scam and be complimentary or to praise the act.

    What bothers me?

    It is not a single scam, but how many scams there are.

    It is the silly manoeuvres (scams) that some bright lad spent time and effort devising. Efforts that if properly directed would benefit a country instead of impoverishing it.

    It is those who seek to explain dishonesty by pointing at a next country or a dishonest group.

    It is those who would like to debate an issue to death, resorting to big ideas but never touching on a solution.

    It is those who ignore the obvious failure of the BDLP; who hint at being more patriotic than others; who believe that dishonest matters should never be mentioned on BU as it makes the island look bad. Not interested in solutions only in cover-up.

    Like

  • And when yuh add the housing project and the land given away
    The mind begins to ask what de No one should have trusted Mottley
    If OSA didn’t trust her the one closest person who would have known her where all her skeletons are buried
    Why did the electorate belive that with all the warts and bad baggage which was exposed about her that Mottley would be different
    Maria Agard define her as a demon dress in white

    Like

  • ” Prime Minister Mia Mottley was the lawyer involved in the project.”

    The legal fees she would have earned legitimately could have been have been substantial.

    lef she lone and look elsewhere.

    Like

  • down to brasstacks hot right now.

    wunna listening ?

    Like

  • David,

    There is an article in BT recognising George Lamming’s 94th birthday. Don’t know where it fits so I’ll leave you to post it.

    Like

  • I here watching the big talkers squirm.🤣🤣🤣

    Like

  • @enuff

    The outrage is a necessary transitory inconvenience?

    Sounds familiar?

    Like

  • @Donna

    Will have a look.

    Like

  • People are “squirming” at how lying deceitful and treacherous government ministers are after BEGGING THE MAJORIITY POPULATION FOR THEIR VOTES…….with their supporting cast of yardfowls/Slaves trailing them..

    but they are waiting for all you FRAUDS next time around….2023 soon come…

    Like

  • NorthernObserver

    @Artax
    I suspect a lot more were”made whole”, I cannot see people who had “skin in the game” walking away.
    The concerning aspect, is there are simple, legitimate ways to get answers. But the preference seems to be “leff dem lone” We en wanna cause no ruckus bout hey.
    The taxpayers in Buhbaydus seem to believe there is a bottomless pit of money. The amounts of money quoted in several parts of this report are HUGE. And we haven’t even touched the accounting related to the default or the slush fund a.k.a consolidated fund.
    God bless Bim (cause nuhbuddy else is)

    Like

  • Since 2016 it would appear that the Auditor General expected a write-off. Yet we trying to spin. Let me sip muh 🍵.

    Like

  • There must be an alternative to discussing a topic, watching it die and resurrecting it at a later date.

    There must be an alternative to replacing one set of tricksters/scamsters by another set.

    There must be alternatives to Lorenzo and Mariposa.

    I used to blame the leaders, now I am not so certain. If, we the people have been informed and make the same decisions and take the same action year after year, then we must shoulder some of the blame.

    The person who said is “you and you and you” was weeks ahead of me. I caught up.

    Like

  • Those new negro frauds who crawled out of slavery and into a colonial slave parliament knew exactly what they were doing, as soon as 1966 came around and they were given permission to act as placeholders for slave masters they took it upon themselves from then until TODAY…and convinced themselves and their most ignorant supporters that all the billions generated from 1966 to present belongs to them and the racist tiefing minorities….and they could do as they like.

    only in the last 6-8 years that most of the people on the island started understanding that the money in the treasury and pension fund….belongs to the people and not to the corrupt liars in the parliament or the tiefing minorites..

    .it took years for that to sink in, they were indoctrinated by the criminals in the parliament to believe that whatever happened to thatmoney was none of their business….and their wicked little corruption supporting SLAVES keep chanting that LIE to this day…

    Like

  • David
    I am not against the questioning, what is laughable is the spin doctors. Imagine Verla even raising the issue of BAICO. But answer this–why did the Auditor General raised writing off the debt since 2016? Wasn’t FS sold for $64M in 2014 and the government had a charge on the land then? I read this on BU.🤭

    Like

  • @ David June 8, 2021 1:44 PM

    Do the ‘current’ owners of the Four Seasons (4 S) site have any plans for its further development into a ‘working’ asset?

    Why invest US$60 million to produce bush of no commercial value unless you are ‘laundering’ very ‘liquid’ assets not acquired by means aboveboard?

    Would it be misleading to say that the PM once claimed to have identified a ‘willing’ foreign buyer to develop the project for the economic benefit of the country?

    It boggles the mind to imagine such prime real estate which was once a big jewel in the Bajan tourism crown is just ‘lying’ there and returning to its pre-1627 natural state.

    Poor Denis Johnson must be having kittens while trying to pull out the few imaginary strands of hair left on his bald head so full of glorious memories like those of the Wes Indies cricket team of the late 70’s and 80’s.

    They say a fish rots from its head down.

    There is a lot of rot taking place in Barbados since 2009.

    “Leadership is the capacity to translate vision into reality.” —Warren Bennis

    Like

  • angela cox June 8, 2021 12:52 PM

    And when yuh add the housing project and the land given away
    The mind begins to ask what de No one should have trusted Mottley
    If OSA didn’t trust her the one closest person who would have known her where all her skeletons are buried
    Why did the electorate belive that with all the warts and bad baggage which was exposed about her that Mottley would be different
    Maria Agard define her as a demon dress in white

    angela cox

    People talking about how the DLP f*%@ked up with Four Seasons and you come talking shyte bout demon in white.

    That foolishness you talking ain’t work when you went by the stadium to curse Mottley and it ain’t going to work now.

    Like

  • @Miller

    We have to find a way to hold elected officials accountable. This is our biggest challenge. The committees of parliament established in parliament continue to fail. What kind of democracy are we practicing if these oversight bodies are operating to tick the boxes?

    Like

  • @frank

    The spin doctors at large
    People talking about 124million write off and u talking shite

    BTW my shit keep wanna restless

    Like

  • Government ministers are shamelessly, fearlessly and openly LYING TO THE PEOPLE…..the little minority owned drug holes come first.

    “Corey Worrell FB

    Hey Corey, would you believe all the shops in the Port, most of which are run by regular poor people like me, were not allowed to open today with the arrival of a cruise ship and tourists were transported out the Port and taken to Harbour Lights, Boat Yard, and Copacabana where they got off and ate and drank.

    Corey, all of we shop owners went down boy the Post (sic) and cleaned our little businesses yet we couldn’t open. We even vaccinated yet we couldn’t open but those big shops get to open and serve the tourists. You think this fair?”

    Like

  • @ David

    Yes, “we have to find a way to hold elected officials accountable.”

    However, bear in mind politicians do not have access to accounting records and therefore, cannot post transactions to the relevant accounts.

    Like

  • @Artax

    This is true but elected officials/politicians have to be the enablers for change. Public servants always defend by suggesting they have to deliver based on resources and systems available.

    Like

  • @Artax June 8, 2021 5:11 PM “However, bear in mind politicians do not have access to accounting records and therefore, cannot post transactions to the relevant accounts.”

    So who is posting transactions to the relevant accounts then? Civil servants? And if so why so? Can’t civil servants say “no” to politicians? Aren’t civil servants always boasting that nobody except the governor general can fire them? And we know that governor’s general never fire anybody. So what are civil servants afraid of?

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  • @angela cox June 8, 2021 12:52 PM “If OSA didn’t trust her the one closest person who would have known her where all her skeletons are buried.”

    Note to self and to all interested parties.

    When going to bury bodies, except at an approved funeral/cemetery, NEVER EVER take along company.

    That way nobody but you knows where the bodies are buried.

    P.S. Remember that when it comes to unlawful burials you have ZERO friends.

    Like

  • You are always running to the blog with what Jeremy Stephen posted on his Facebook page, you should tell us what he posted today.

    Like

  • I really wasnt planning on commenting further on this but let we be honest. The AG report reflects poorly on BOTH PARTIES going back nearly 20 years.

    If you want to argue which party do the dog the worst well carry on. Truth is both do bear crap and in both cases the opposition through PAC failed to do anything more than talk.

    So wunna can have the who tief the most discussion, but in the end its the same 6 of one and half dozen of the other.

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  • DavidJune 8, 2021 5:33 PM

    You are always running to the blog with what Jeremy Stephen posted on his Facebook page, you should tell us what he posted today

    Xcccc
    Will check and get back

    Btw did Mia find the moral decency to send a Thank u note to PTL
    Or his colour is not deserving of such appreciation

    Like

  • William Skinner

    @ WURA
    These comments of the apologists make anybody with any sense of nationhood vomit. Imagine these clowns are refusing to accept that the country has been screwed over and over by these identical political twins.
    We have reached the sorry state of bragging who teef the most. Imagine that. But that’s who we are. Once some people continue to express such verbiage, I don’t care how many garbage trucks we buy; garbage will remain a problem. These BLPDLP apologists are nothing more than clowns.
    Let them continue to bray at each other. They are the same animal, they understand each other perfectly.

    Like

  • “They are the same animal, they understand each other perfectly.”

    definitely

    Like

  • ‘@frank

    The spin doctors at large
    People talking about 124million write off and u talking shite

    BTW my shit keep wanna restless’

    I see ac is still kicking but and taking no prisoners. A next biker appears and gives up a boundary.

    Like

  • Is this poetry
    “So not unexpectedly that govt apologist would step up.to weave a net of added confusion trying to.place another layer of political mouthings of who and whens’

    (I teased out the poetry )
    So not unexpectedly
    John2 makes an apology
    And then makes the big step
    To weave a deceitful net
    So as to add confusion
    With his list of deceptions
    And a layer of political mouthings
    of nonsense of who and whens

    You go girl.
    You are the Lamming of BU.

    Like

  • @ David

    Remember the former administration extended a $2M loan to Southern Golf (Barbados Golf Club) on September 25, 2009, without any loan agreement?

    Do you know if that loan was repaid?

    Like

  • THE0

    ?????

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  • Wait boh, uh happen Gazerts?

    Man when de people did talking bout the $124 million dat write off and wuh part the money gone, you did jumping up doing de dog and causing a riot.

    Then all of uh sudden when the next side uh the story came out, I notice de dog like um dead and yuh gone real quiet.

    Yuh know that we shit got to be bothering angela cox too, cause instead uh she ignore we, she standing pun de sidelines and throwing rocks just like you.

    Like

  • @Artax

    The AG would have listed the liability if it was outstanding?

    Like

  • They will continue to lie, deny, deflect, distract and do anything to not answer for these crimes and refuse to be held accountable., that is how they have operated for 54 years and don’t see the need to change.

    hold their feet to the fire until they BURN TO A CRISP…they are evil..

    Like

  • Guy Hewitt

    A number of persons contacted me wondering whether I was going to speak to the outrageous Trojan Riddim video. Although I share the indignation that the nation feels about this vulgar display of deviance and immorality, I was curious on the timing of the eruption of rage as I was aware that this video was in circulation for some time. Having lived under the Trump presidency, I understand the art of distraction that formed the core of his political strategy.

    Whether Trump was routinely threatening to shut down the government, or bomb Iran, or close the southern border, or commence a trade war with China, these were all distractions.

    But Trump wasn’t just trying to distract, as his intent was misdirection and certain media houses were complicit.

    Misdirection has nothing to do with distraction and everything to do with controlling people’s attention. Consider a magician’s sleight-of-hand card trick. Often an audience member selects a card, memorises it and returns it to the deck.

    After shuffling the deck, the magician through some elaborate process reveals the correct card.

    While magicians don’t reveal secrets they often admit the trick is only possible by creating a distraction that keeps the audience’s focus exactly where it is needed; and away from the actions the magician didn’t want them to notice.

    While Barbados was deservedly rebuking the artistes involved in the music video seemingly endorsing gun violence, we were misdirected from two important occurrences: the 2020 Auditor General’s Report to Parliament posted on 25 May and the Bar Association’s serious concerns raised about the planned Anti-Corruption and Anti-Terrorism Agency (ACATA) Bill.

    Without going deeply into the Auditor General’s Report especially as it is available online via the Barbados Parliament website, I want to highlight a few anomalies raised, which all Barbadians should be concerned about:

    1.13 “The audit of the National Insurance Funds is substantially in arrears, and during the year, although some work was conducted, not much progress was made.” How much money is left in the NIS is a guestimate.

    2.10 Although “the Accountant General [is] to…submit to the Auditor General…financial statements …within four (4) months after the close of each financial year… The Financial Statements were however issued…a year after the regulatory deadline and approximately fifteen (15) months after the close of the relevant financial year. This situation is unacceptable and needs to be urgently addressed.”

    2.14 “As at the end of the financial year 2018-2019, Government has yet to publish any consolidated [financial] statements. The absence of consolidated statements presents challenges, as the total debts and liabilities of the Government are not being accounted for…” What we owe and to whom is another guestimate.

    2.15 “There was a total of $209.4 million representing Other Equity Investments shown in the notes to the financial statements [without explanatory notes]…of the type of investments undertaken and any risks associated.” No clue as to where this money went.

    2.26 “In the 2018-2019 financial year, the entire $124 million investment in Clearwater Company in the Four Seasons Hotel project [Paradise Beach hotel] was writtenoff.”

    How and why was this done the Auditor General is at a loss as are we? You remember who the man in-charge was and who was the lawyer? 3.10 “A review of the accounts and accounting systems of the Prime Minister’s Office [PMO] revealed a number of control weaknesses. These included some omissions to the fixed asset register, absence of a contract register as required by Financial Rule 229, and the absence of invoices for credit card payments.”

    Albert Einstein asserted, “Anyone who doesn’t take truth seriously in small matters cannot be trusted in large ones either.” The reports goes on to state in 3.11 “In addition to the above, there was the incorrect classification of expenditure [in the PMO] totalling $1.85 million.” Who guards the guards?

    Writing in 1840, French political philosopher Alexis de Tocqueville wrote about despotic government emerging in democratic America. Tocqueville held that a ‘crisis’ could create the precondition for the expansion of state power.

    He saw the democratic state creating a new form of tyranny, being part ‘despotism’, part ‘tutorship’, and part ‘paternalism’ of the people.

    He argued that while various external forms of liberty remained the ‘will of the people’ is reduced to a ‘timid sheep like status’ with the state acting ‘like the national shepherd.’ Barbadians need to consider this as we are pushed headlong towards an undefined republican status. Recall how in Guyana their then prime minister used the art of distraction to contort the country from a constitutional monarchy, to a ceremonial presidency and onto a despotic executive presidency.

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  • Clearwatergate

    This gives a new meaning to political deceit and deception. Can we trust either political party to be transparent and not only act in the interest of their financiers?

    The restless masses are offered sweat boxes house with rope tight mortgages and menial jobs as appeasement to keep quiet.

    Yardfowls, who get crumbs defend corrupt act while continually pointing fingers.

    Sadly, we are highly educated but most just dumb displaying a lack of honest critical thinking.

    I have posited that future generations will hold all politicians guilty of treason in absentia. Why I say all because silence is collusion.

    This is a serious indictment of the political class. Will the masses take to the streets?

    Unions compromised, NGOs compromised and even the church compromised.

    No wonder ITAL and FOIA is non existent.

    We cannot expect our politicized police force or the Financial Intelligence Unit to investigate.

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  • Clearwatergate

    This is the biggest scam of fraud perpetuated on Bajan taxpayers by the BDLP. Who among the BLP weaklings will tell the boss lady she needs to speak to the issue. Poor Ryan sent to face the music but was a PR nightmare.

    Chris Sinckler was Minister Of Finance
    Avinash Persuad was given oversight
    Mia Mottley was the lawyer
    Verla Depeiza was a Senator
    David Thompson was Prime Minister

    Who got the finder’s fees from the arranged Ansa Bank loan?

    How got the legal fees?

    Was the sale of Clearwater done transparently?

    Did the buyer pay back the NIS?

    What was the sale price?

    Was it a fair market price?

    Did the buyer pay for the property?

    WHO ARE THE DIRECTORS OF THE COMPANY THAT BOUGHT THE PROPERTY?

    I predict the coming elections will have the lowest turnout ever for persons are seeing beyond the handouts and menial temporary jobs. Whenever elections are called I will ensure I am back in Barbados.

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  • NorthernObserver

    @gate
    Also note Clearwater Bay is a corporation, and compliments of the ICIJ “leak” it’s directors were known.

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  • Same crooks involved in the 4 seasons scam to rip off the treasury and pension fund…with THEIR LAWYER..

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  • William Skinner

    @ all;
    With this overwhelming evidence of widespread corruption by both the Barbados Labour Party and the Democratic Labour Party , a dastardly pack of intellectual con artists , come on BU everyday , pretending that there is some difference between these two parties.
    They are actually endorsing certain degrees of thieving to prove how smart and balanced they are..
    How can any self respecting citizen try to defend and “ balance “ such blatant corruption is beyond my comprehension,

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  • I have always argued long and hard that we have to reach out to the foreign press to expose the scammer’s paradise of Barbados.

    The writer of this article gained his journalist experience outside of the Island and it shows. The article is damning in its transparency. Some of you would know that he has been banned from this blog.

    Where do we go from here? If those who govern as are immoral then how do we the people resolve this problem?

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  • @ William Skinner June 9, 2021 9:50 AM

    And we certainly have had “ENUFF” of that brazen red-faced hypocrisy, haven’t we, William!

    The man who was clearly at the centre of that blatant scam is now the blue-eyed boy advising the red half of the Duopoly on all matters called “Investment(s)”

    Where are the multi-million dollar costly deliverables other than hiding behind a sweet-talking façade of cocky stories covered over with bull shit?

    Poor Halford from the Back Ivy must be having the last laugh wallowing in the Bajan condition besieging the fast failing state of Two Barbadoes ruled by an indistinguishable duopoly of liars and thieves.

    Like

  • @Artax

    Have seen hundreds of PDFs downloaded re this issue from BU media. For some reason there is high interest in the matter at this time.

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  • Of course there is high interest and I await some sensible comments similar to what Artax and NO are offering. Not verbosed piffle. 1,2 3 here they come.

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  • @enuff

    The issue is how does government plan to clear the fog around this matter. It is political baggage the ruling party will want to jettison with 2023 rapidly approaching.

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  • They also need to explain to the OWNERS OF THE MONEY from the treasury and pension fund…WHO ARE BLACK…where did 5-6 BILLION DOLLARS disappear to…

    it is NOT their money, they cannot be running around like a whirlwind writing off this millions and that billions and don’t tell the people who ELECTED THEM A WORD, it’s insulting and DISRESPECTFUL…..not to mention THIEVING…

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  • The foreign press responds to action not long talk. Taking to the streets in dramatic way is the way to draw international attention.

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  • NorthernObserver

    @David
    I disagree. Financially related bad winds blow over quickly. Possibly the next AudG Report may open another can of worms, but that will only occur if his office has the material to audit?
    And since there are some signs the adopted position is several of the bodies are “unauditable” due to the prolonged failure to report, the recent reports (2018 on) are easily sanitized as the starting point will be unknown.
    If the cumulative records available suggest Entity Y owns 234 homes, but only 187 can be located physically, do you have 234 or 187?
    This is the Clearwater story. Whatever was “recorded” of value is not there, or the value has been eroded. It is the Accountant General whose office is to answer, the AudG can only comment on the info he is given. The Acct Gen will then pass it down to the Ministry responsible, and round the mulberry bush we go.
    As long as the people get paid, including pensions, tax refunds and other govt payments, all is good.
    As FJS liked to point out, when you cannot get Fx or don’t get paid, THEN come to me, until then all is running smoothly.

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  • so where is the press conference to explain how all of this has been happening FOR DECADES and has been normalized by DBLP in EVERY ROTATION into the parliament..

    the Auditor General keeps begging for financial reports and BOTH GOVERNMENTS ignored the requests for decades…there should be a press conference for that..

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  • NorthernObserver

    @Donna
    Lol…why would you wish to draw international attention?
    Barbados is perfectly capable of handling its own affairs. They do not require any Ferner journalists, though I am confident @HA would oblige.
    They have an adequate, if not advanced, set of laws and regulations, which can be employed.

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  • Northern….that’s why US had to use Barbados’ laws to convict Donville???…. a law on the books since 1929 long before these CREATURES were allowed to crawl out of slavery and into a colonial parliament….and never used DESPITE all the missing billions of dollars…missing houses, questionable contracts, accusations of extortion from some business people who don’t want to be involved with the corrupt CABAL…accusations of continuous BRIBERY AND CORRUPTION…etc.

    this is unsustainable and CANNOT CONTINUE…

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  • Poor Halford from the Back Ivy must be having the last laugh wallowing in the Bajan condition besieging the fast failing state of Two Barbadoes ruled by an indistinguishable duopoly of liars and thieves.

    Lolol. Turns out that Halford was correct all along!

    Separately, inflation is back on the international agenda again and borrowing costs for 3rd world countries like Bim are beginning to increase. I wonder what Bim is paying to refinance its debt these days…

    https://www.ft.com/content/1db3d119-ac9f-4948-b43b-29bb136eb2d5

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  • Stupse!

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  • @Artax

    A commenter on an old blog hints that the 2 million to Southern Golf was a grant and not a loan. Comment?

    https://barbadosunderground.net/2017/01/19/does-the-btmi-government-give-2-million-dollars-to-the-barbados-rally-club/

    Like

  • Read anything Hal wrote in the past and you draw two conclusions.. he is brilliant and a prophet or he is brilliant and we are just repeating things done in the past.

    Like

  • @ Enuff June 9, 2021 2:35 PM

    One only has to mention the name of the man from the Ivy with the Bajan Condition and the red-painted demon of a sprite called “Enuff” reacts like Dracula confronting a crucifix.

    The man was absolutely right about the Four Seasons scam. And that was way back in 2012.

    Where were you back then?

    Taking a ‘white’ shaft in NY to move up the corporate ladder or cussing Stinkliar and Fumble Stuart while MAM and her sidekick Persaud were laughing all the way to the bank the same way the Forensic Auditors and their ‘foreign’ consultants did to the poor CLICO policyholders?

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  • I was replying to a comment by TLSN. Never said I wanted international press. But a little international shaming might do the trick. Who knows?

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  • The opposition is once again dredging up old stories to damage our honourable government. I advise the opposition to be more humble in the presence of our Supreme Leader!

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  • Oh dear me! Barbadians expect corruption with every large project. It takes no super powers.

    Why do grown men seem to need super heroes????

    Once a man. Twice a child?????

    P.S. If Hal is laughing then he does not have Barbados’ best interests at heart. Anyone who did would wish to be wrong.

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  • Hal one of the most brilliant people that ever graced the pages of BU
    Most her were jealous of exceptional brilliance
    How dare a brilliant scholar come from a poor community like the Ivy
    Kudos to Hal
    He proved himself right

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  • Miller
    And I have been right how many times about you and the same Hal? The same Hal predicted the debt restructure would end in tears, LSE was no top university, urban regeneration was not a public good etc, etc. In any event my “Stupse” crossed with Dullard’s comment. It was meant to come after Abigail. You ain’t tired try?

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  • Fowl Slave Enuff…supporter of corrupt governments and billions in THEFTS FROM THE BLACK POPULATION…it suits you.

    Like

  • Miller…no wonder the Slave calls itself…a billion dollar projects manager….supporting the thefts of billions from the people..

    Like

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