From Private to Public – Cinnamon 88 to CLEARWATER BAY, a concern for taxpayers

It started as a private project in 2006 under the name Cinnamon 88 Ltd and through the years morphed to Clearwater Bay Ltd a company registered to do business in 2010. The project has straddled both administrations starting with the late David Thompson and now rest uneasily with the incumbent Mottley who was a legal advisor to the failed project while in opposition. An interesting side note – Avinash Persaud also played a role and would have assisted in him being able to drive the luxury sports car he zips .

We fast forward to the recent 2021 Auditor General report with the following note on Clearwater Bay Ltd can be found.

In my 2018 and 2020 Reports, I indicated that there were some concerns surrounding the accounting treatment of a loan guarantee made by the Government of Barbados through its’ company, Clearwater Bay Limited in the sum of $120 million. This guarantee was in relation to the construction of the proposed Four Seasons managed hotels and villas. The sum of $120 million had appeared in the books of the Government as a receivable for a number of years but was completely written off in 2018. I had previously indicated that enough information was not provided to my Office as to the nature of the arrangement between Clearwater Bay Limited and the developers. I also stated that, in any event, the entire $120 million should not be written off since the lands on which the project was being built were valuable; instead the value in the accounts should be written down rather than to be completely written off.

Based on information made available to my Office, Clearwater Bay held a mortgage over the real property and after the loan was called, Government was required to honor its guarantee and a payment of $124.3 million was paid to the bank. Action was then taken by the Government company to recover the monies expended through a sale of the property.

Audit Update

In respect of the sale of the property, a review of the records at the Land Registry Department indicates that the property has been conveyed to a private company. However, there is no evidence of consideration being paid. Matters surrounding the sale and ownership of this property are complicated and is currently the subject of litigation which is ongoing.

2021 Auditor General Report

See relevant BU blog on CLEARWATER BAY MATTER

86 comments

  • David

    Is it beyond the realm of possibility that David Thompson was doing his friend and godmother to child, Mia Mottley, a personal or political favor in greenlighting this project on assumption of office in 2008?

    And if this is a reasonable supposition, does your argument which seeks to irrationally equalize blame for this national debucal not constitute a political act?

    As we recall, the embrace of this project happened early in the DLP regime of 2008. No government of Barbados has ever shown such an ability. This suggests to us the governmental processes were well advanced by Mottley and the outgoing BLP regime.

    Like

  • @Pacha

    It is possible, however, it does not obviate that the project has straddled both administrations.

    Like

  • David

    It would be three administration’s! Both parties, the BLP twice.

    In weighting causation, if the scenario above holds, it would seem to this writer that blame should be apportioned heavily to Mottley since she’s been running this project whether in or out of government, like she is again!

    In this age of woke-ism everything is now equalized. But shiiite even that has its outer limits. Political analysis anyone?

    Like

  • @Pacha

    Blame for Clearwater you mean?

    Like

  • David

    No! We thought that we were prosecuting a political crime of Mia Mottley.

    Like

  • @Pacha

    This is a complex transaction which smells of collusion by members of the political class AND private actors.

    Like

  • William Skinner

    @ Pacha
    Most offerings have two major objectives: pretend to be balanced and wherever possible cast Mottley and Company in the best light.
    Peace.

    Like

  • @Pacha

    Why were Mottley and Persaud recruited. Makes for interesting discussion.

    Like

  • Skinner

    Clearly, both parties have some blame. But to equalize such when the current prime minister started this in the OSA period and continued to run it while in the opposition and now again in government represents a sleight of hand.

    Like

  • @Pacha

    Are you correct? Didn’t Thompson appoint Persaud as executive chairman? Who recruited MOTTLEY as legal?

    Like

  • David

    Please do not attempt to pull us into the tall grass.

    As complex as it may appear to you, this writer has done deals far more complex, much larger,

    Not interested in nuh personality distractions today.

    Ours is about a near 20 year series of political crimes perpetrated by Mottley. Nothing else!

    Like

  • You doubt the Auditor General who opined same?

    Like

  • Oh David

    Now you seek to rewrite history. Was near these situations around 2008 and trust memory more than your selective recall.

    Like

  • Who was in office at that time Pacha.

    Like

  • Has #MAM beefed up her security detail???

    Alleged reports reaching Britain is that something ominous is brewing with #MAM & her personal security detail…

    What is she being overly protected against???

    What is the real scoop here???

    I hate to think the worst!!!

    Like

  • @TB

    What report, source please?

    Like

  • By the way Pacha. Do you identify the people in the image which captions the blog? Why do you think it was selected?

    Like

  • @DAVID

    Sorry BRUV*, I am not at liberty to say what I do or don’t know or have heard through the grapevine or to cite sources!!!

    Whatever is being said, it appears that something is brewing, and as you guys live on the island, it would be easy to confirm these allegations for or against!!!

    All I can say, is that we live in “PERILOUS” times according to Scripture…

    Nothing would “EVER” surprise me, one way or another…

    Like

  • David

    Again, the party in power at the time is immaterial and only serves to posit the backwardness that that makes a difference.

    The deeper truth is that this a the ultimate case study in duopoly politics which you continue to reject.

    The pertinent questions are whether you have any idea how many years of work must go into a project for a prime minister to approve it.

    In the case of this project we will argue up to 10 years.

    And when David Thompson and the DLP publicly embraced such early on must mean a mountain of project work and approvals were already in place.

    For it is impossible for these to happen overnight.

    You may continue to ignore that Mottley worked on this project while in the OSA regime, like she is again, and while on the opposition benches in the interregnum.

    The last are yours.

    Like

  • Ok Pacha, the blogmaster the point which had to be made. Carry on.

    Like

  • does it make a difference if the PM has an allegedly seedy background story in these times of many Clowns in power worldwide and standards of leadership are low

    Float
    Geographer

    Like

  • Just be present
    breathe all is well
    just embracing what is present to you right now
    noticing

    noticing what happens when you bring that activation
    feeling into stillness peaceful beyond circumstance just allowing
    letting go of mental analysis and dialogue
    and just be present
    letting go of story of why who and justification of diagnosis
    and just be present
    infinite potential
    creation all around
    intention
    formless
    no longer limited

    allow yourself to let go of that form of attachment
    release the story
    the analysis

    and the more you can be present to the infinite potential
    the more you can allow the power to transform to create
    creating new patterns wiring your brain with new possibility

    Like

  • There is none so blind as he that REFUSES to see…

    In this particular case, we REFUSE to see the CLEAR fact that our so called politicians, form ALL parties, are completely incompetent to solve the many complex problems that threaten our future.

    What they have ALL resorted to doing, is to make us sweet-sounding, continuously changing PROMISES… while joining with the WEALTHY albino-centric elites, in radical schemes to make the materialistic parasites WEALTHIER, at the expense of the poor and destitute.

    How intelligent BBs can continue to hope that a particular politician will somehow break the mold and put public interest first after DECADES of being made FOOLS defies Bushie’s logic…

    A fool and his money are soon parted….

    Liked by 1 person

  • @Bush Tea

    We should not give sone of our prominent public servants a pass. Check the board members of Clearwater Bay. The politicians will never be able to execute this transaction by their lonesome. Albeit the political class is a low hanging fruit.

    Like

  • The land at Paradise been the subject of Court actions since the 90’s!!

    https://bb.vlex.com/vid/locke-jr-v-bellingdon-792733097

    Like

  • NorthernObserver

    The question which seems to be escaping many, is WHY did the GoB seemingly bail out all and sundry?
    Ok, so MAM, and likely other lawyers were owed money. Contractors and other businesses who had done work were likely owed money. Several well heeled people had reportedly placed large deposits on their new accomodations. And according to the original filings half of the guaranteed funds were to indebtedness to the ‘Bank of Scotland’.
    Another whack like BDD$10M was to complete purchase of what was called the “Esso lands”. BDD$20M was for “unsecured indebtedness of the parent group” without specifics of who was in this group.
    Only BDD$10M was targeted towards costs directly related to restarting the project.
    The SILENCE and lack of explanation of any kind, suggests this was a tag team event. Both LPs were involved.
    It is odoriferous.

    Like

  • We should not give some of our prominent public servants a pass.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    Don’t discard the reality of the situation that we face…

    Most of these ‘senior public servants’ are nothing but mindless BB LACKIES, who have been placed in these ‘senior’ positions by the VERY politicians – PRECISELY because they have proven themselves as pooch-lickers to the political class.

    Name a single senior public servant besides the Auditor General, who has shown ANY degree of independent thought or principle?
    There is a particular lackie who featured on the Clearwater Board that TYPIFIES such donkey-licking…for example.

    As long as Bajans entertain a government system where the PM effectively determines who these officers are, and whether they can continue in office, the damn POLITICIANS must be 100 responsible for the resulting shiite..

    The lotta shiite women and mock men currently acting as ‘senior public officers’ don’t have the balls needed to do the job…and this is so largely because they have been SELECTED to be so..

    Like

  • NorthernObserver

    @David
    You have to appreciate the senior public employees and their elected masters are another cabal.
    One of those ‘retired’ CBL Directors has been a ‘go to’ of the current admin. First LIAT, then the name appears on the cc list in Exh 18 of the Radical filings and with a gov.bb email address (they retired years before). Director of CDB. The IDB even had rules for disbursing project funding named after this former CBL director.
    Very capable, just hold your nose as you pass through.

    Like

  • @NO

    You are hinting Pemberton et al were …?

    Like

  • All in the family and shared with friends.

    Like

  • Clever

    Like

  • @ David,
    Welcome back.
    The photo of Mia and the Indian chap looks like a vignette from the epic film the Godfather. Mia looks every inch the Godmother, whilst the swarthy Indian man looks every inch the model Godfather.

    “Keep Your Friends Close, But Enemies Closer”. LOL! Politics in Barbados is a carbon copy of Hollywood.

    Like

  • “Name a single senior public servant besides the Auditor General, who has shown ANY degree of independent thought or principle?”
    ~~~~~~~~~~

    Bush Tea

    Isn’t the Auditor General supposed to perform his/her duties as mandated by the Constitution and free of political interference?

    Like

  • The lotta shiite women and mock men currently acting as ‘senior public officers’ don’t have the balls needed to do the job…and this is so largely because they have been SELECTED to be so..

    Xxxxxxxxxxx

    I LIKE YOU A LOT EXCEPT WHEN YOU ARE SPEWING THE WHITE MAN BOOK OF FABLES.

    I DIFFER THESE ARE REAL BLACK MEN AND WOMEN ON THE 2X3 ISLAND WHO CHOOSE TO LINE THEIR POCKETS YEAR AFTER YEAR LIKE ALIBABA AND THE FORTY THEIVES. FLEECING THEIR FELLOW BLACK TAXPAYERS

    THE ISLAND IS SO SMALL WITH A LITTLE EFFORT ANYONE KNOWS WHOSE HANDS TO GREASE IN THE ONGOING RACKET OF KICKBACKS AND CORRUPTION..

    Like

  • A National treasure.

    Like

  • NorthernObserver

    @David
    I’m not hinting at anything. We can guess as nobody has offered an explanation? Was the GoB on the hook for the BDD$70M to the Bank of Scotland?
    Indebtedness was cleared at the taxpayers expense. What a great place to invest?
    But they didn’t clean everything, so another debtor got the property? LOL
    And these people are your elected MPs and their closest advisors, aided by a bunch of senior public employees.
    They get offended, if you call them crooks, but their lips are sealed shut on CBL… 😂😂

    Like

  • How can we have confidence in our governments, governments and a public sector unable to produce audited financials for how long of our most important fund?

    Like

  • So what do we know about the folks associated with Cinnamon 88?

    https://offshoreleaks.icij.org/nodes/100627503

    Lynn-Marie Simmons and Naeem A.E. Patel each hold a Power of Attorney.

    Robin James Charles Patterson is the only director shown.

    The company is Registered in Tortola, BVI, Craigmuir Chambers!!

    The Postal Address is Heritage House, Pinfold Street Bridgetown, the address given for Lyn-Marie Simmons by the Barbados Bar Association.

    So what does ICIJ say about Craigmuir Chambers in Tortola?

    https://offshoreleaks.icij.org/nodes/237044

    One of the companies linked to Craigmuir Chambers is HSBC Trust Company (BVI) Ltd.

    HSBC Trust Company (BVI) Ltd. is linked to Craigmuir Chambers in BVI, Tortola which through the Panama Papers to Nomihold Securities Inc.

    Like

  • Here is the HSBC/Nomihold link.

    https://offshoreleaks.icij.org/nodes/14045101

    Who are the folks associated with Nomihold Securities Inc.?

    Role    From    To  Incorporation   Jurisdiction    Status  Data From
    

    BOGUASSU INVESTMENT CORPORATION Shareholder 16-DEC-2002 – 16-DEC-2002 British Virgin Islands Changed agent Panama Papers
    ARTLAND TRADING CORP. Shareholder 13-SEP-2002 – 13-SEP-2002 British Virgin Islands Changed agent Panama Papers
    ONOMEY TRADING MANAGEMENT INC. Shareholder 05-JUL-2002 – 20-JUN-2002 British Virgin Islands Changed agent Panama Papers
    JANDAIA INVESTMENT CORPORATION LTD. Shareholder 23-DEC-2002 – 23-DEC-2002 British Virgin Islands Changed agent Panama Papers
    HOMOL INVESTMENTS CORP. Shareholder 16-OCT-2002 – 15-OCT-2002 British Virgin Islands Changed agent Panama Papers
    TOBLENZ LIMITED Shareholder 21-JUN-2002 – 21-JUN-2002 British Virgin Islands Defaulted Panama Papers
    MIDLAND FINANCE & SECURITIES LIMITED Shareholder 23-SEP-2002 – 23-SEP-2002 British Virgin Islands Changed agent Panama Papers
    ROACHFORD INVESTMENTS S.A. Shareholder 04-DEC-2003 20-OCT-2008 11-SEP-2000 British Virgin Islands Defaulted Panama Papers
    URIZEN TRADING INC. Shareholder 16-APR-2002 25-JUL-2002 02-JAN-2002 British Virgin Islands Active Panama Papers

    Like

  • URIZEN TRADING INC. Shareholder 16-APR-2002 25-JUL-2002 02-JAN-2002 British Virgin Islands Active Panama Papers

    This looks like it is the first shareholder in Nomihold.

    So who are the folks associated with this company?

    https://offshoreleaks.icij.org/nodes/10095578

    Role    From    To  Data From
    

    ROSYBLUE OVERSEAS HOLDINGS LIMITED Shareholder 09-NOV-2005 10-DEC-2006 Panama Papers
    Jhaveri Manan Snehakant Shareholder 09-NOV-2005 01-FEB-2006 Panama Papers
    Ramesh Javeri Shareholder 17-JUL-2011 – Panama Papers
    Rihen Harshad Mehta Shareholder 17-JUL-2011 – Panama Papers
    Mr. Harshad Ramniklal Mehta Shareholder 10-DEC-2006 17-JUL-2011 Panama Papers
    Mr. Harshad Ramniklal Mehta Shareholder 01-FEB-2006 17-JUL-2011 Panama Papers
    NOMIHOLD SECURITIES INC. Shareholder 16-APR-2002 25-JUL-2002 Panama Papers
    Intermediary (1)
    Status Data From
    ZOLTY, LIC. ANDRE ACTIVE Panama Papers

    As you can see, there are companies to which it is difficult to pin beneficial flesh and blood shareholders

    Like

  • So who are the folks associated with Clearwater Bay?

    https://offshoreleaks.icij.org/nodes/100333533

    Like

  • So, why did I pursue HSBC as an example?

    Like

  • NorthernObserver

    @John
    You jump down too many 🐰 🕳️
    Cinnamon 88 was closed in 2011.
    It ‘morphed’ into Paradise 88 Ltd and Limited. One a BVI the other Barbadian.
    They will produce more interesting names, even a link to the one constant at CBL 😆😆
    Imagine being secretary/director of the company which is guaranteeing the indebtedness of another company you are associated with. You cannot make this shit up.

    Like

  • NO

    Remember, this shit been going on since the 1990’s, probably 1980’s after the Company’s Act changed.

    I like starting at the beginning, BEST place to start!!!!

    … then follow the notes!!!

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “And if this is a reasonable supposition, doesyour argument which seeks to irrationally equalize blame for this national debucal not constitute a political act?”

    out and out collusion/duplicity….they guaranteed a 124 MILLION loan, NIS FUNDS??…evabody got their share, well divvied up…….when the loan came due and HAD TO BE REPAID…..taxpayers filled dat breach…it was A SCAM FROM THE GET GO…

    rip off NIS and Treasury….keep the people in poverty, oppressed and suppressed….that is always the intent of LYING POLITICIANS….that’s how they get wealthy…and would take salaries from outside forces to do so…Judas traitors…that’s what they SIGNED UP FOR, since 1966, and even before that….

    which part of, they will ALWAYS BE FRAUDS AND TRAITORS dont yall understand, how are the people supposed to do anything else about them except KICK THEM TO HELL OUT…every five years, do not ever let them take root…..or use the opportunity to get wealthy through THEFTS and SET UP..

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    or…wunna culd continue pretendin dah is not wuh really goin on…wunnah gud at dah…but ya cahn pin dah pun no one else….ya gotta own it…

    or stay on ya merry-go-round cause wen ya look aroun EVABODY wid more dan 2 brain cells will be GONE…out of reach of the traitor system.

    Like

  • NorthernObserver

    @John
    In that case, begin with Paradise Beach Limited inc 1970. This was the entity which was purchased to acquire the land. Patterson and Pemberton became diwrekkers in 2005. Then in 2010, a new group of additional diwrekkers entered, incl Persaud and a Maurice Adrian King (who shows up widely, incl CBL).
    The nodes will direct you from there.
    You may also wish to note who joined the Board, after most ceased being directors in Nov’13.
    While the Blogmaster poo-hooed this years ago, one of those and the PHAR in Pharliciple has a resemblance.
    The big unknown without a cross reference to the land registry, is all the parcels included, and who owned which.
    This is further complicated by the well known method of placing singular or distinct assets in a company, and registering offshore, and then selling the company. In that way, unless you have access to the offshore registry, you never know who actually owns the said assets. And the Barbados land registry will just show it is owned, and has always been owned by XXX BVI Limited. But XXX may have changed owners multiple times.

    Like

  • @NO

    Adrian King was known as David Thompson’s inside lawyer. You should k ow his wife Natasha King was Thompson’s very personal aide (press secretary).

    Like

  • You all seen the clip from the Canadian Parliament regarding Barbados/Canada tax treaty?

    Like

  • NorthernObserverAugust 1, 2022 9:27 AM

    @John
    In that case, begin with Paradise Beach Limited inc 1970.

    +++++++++++++++++++++++++++++++++++++++++++

    Erroll Walton Barrow no doubt, like Golden Mile Resorts at Heywoods that got an honourable mention in the Duffus Commission.

    We are seeing the results of the efforts of corrupt politicians after independence unfolding before our eyes.

    Like

  • NorthernObserver

    @David
    Thx. I just follow the names. Don’t know 99% of the people.
    When the ICIJ leaks were first published I studied them. Many findings, but one less interesting, is the multiple names people appear under.
    One CBL director, as as example, is listed as Julia. I associate the JU but with a different ending? The 88 director Kola, has more versions of his name than I can recite from memory. The ICIJ only link them if they are EXACT 😆

    Like

  • NorthernObserver

    @John
    You too 💕 a 🐇 🕳️!!

    Like

  • Kola is an interesting character!!!!

    Like

  • Been around alot, all with companies involved in the trade.

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  • Anyone remember the Kola Syrup episode?

    Like

  • NorthernObserver

    @John 10.23am
    Every coin has two sides?
    I was told back in the mid 80’s, albeit from the Int’l Dev side vs the Dept of Finance, that CIDA, the Cdn Int’l Dev Agency was being scaled back.
    While it officially had a mandate of ‘poverty reduction’, it also provided work for Canadians abroad. That was until benefitting countries, wanted THEIR contractors, engineers, architects etc.
    One high profile project, ran out of money when only half finished !!. They couldn’t control the corruption, once the host country controlled too much. And it reflected poorly on Canada because CIDA was a ” partner”.
    I was told these tax treaties were to offset CIDA, in other words, indirect funding.
    While the GoC didn’t officially do away with CIDA until years later, that was when the more modern approach, of Cdn “interest groups” getting their fingers in the CIDA till became an issue.
    I “think” the last CIDA project in Bdos was Spring Garden.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Generational thieves have no qualms and will always find a way to tief and push corruption…it’s in their wretched DNA…

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  • Long before the mid 80’s, EWB and the DLP were engaged in corruption!!

    Culminated with the Duffus Commission of 1976.

    HARP for instance, Carib West, Golden Mile Resorts, etc etc.

    What we have today is the legacy of corruption he and others in the DLP left Barbados and brought to flower under succeeding generations of the families associates of the originators of these two parties.

    The BLP is the progenitor of the DLP so the various projects involving persons from both parties is normal and today it will not be surprising to find second and third generations of those early families associated with corruption.

    The 1980 Tax Treaty with Canada followed a couple of years later by the new Companies act which allowed the concealment of beneficial ownership of Companies, ushered in an era of corruption never seen before in Barbados.

    CIDA was too accountable, “Tom” and the politicians and their overseas connections of the day needed a more unaccountable system of rules and laws to move monies around and get their cuts.

    So you will find Canadians and others of different nationalities incorporating companies under the then new Companies Act who set out to exploit the deficiencies of the new Companies Act.

    Did alot of research over the years in Corporate Affairs and on the internet once the scanned documents were for a short while made available for download.

    They have closed that down that internet avenue now!!

    Sooner or later Barbados will be black listed again.

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  • de pedantic Dribbler

    @Northern, your 12:22 PM above has been a ‘fable’ of country to country investment since I imagine God said “let my people go” … to use a Biblical reference.

    In sum, it’s impractical and inconceivable that graft will not feature in every income generating project. You VERY CLEARLY allude to this when you say “That was until benefitting countries, wanted THEIR contractors, engineers, architects etc. [involved]

    As we know well, first world nations pillefered and laid waste to third world nations first and then eons later with CIDA or USAID or the supposedly more benign (but odious in other ways) orgs like Peace Corps or Duke of Edinburgh ostensibly gave back to us … BUT under their terms. And as u noted definitely in a way that boosted their economies.

    That was ALWAYS a knock about ‘colonial aid’ … it came with the donor countries’ wisdom and WARTS … even down to any of the teachers or priests or project CEOs we HAD to employ!

    So it’s AMUSINGLY outrageous to see your band mate attempt to ORIGINATE corruption and graft under our nation’s first PM … this after generations of obnoxious colonial corruption; like when the plantations barons were GIVEN corrupt reparations to offset the lost of free labour which of course had made the donor nations very PROPEROUS. ..
    Yet he can opine with a straight face that _”What we have today is the legacy of corruption he and others in the DLP left Barbados and brought to flower under succeeding generations of the families associates of the originators of these two parties.”*

    What a freaking disgusting analysis of history … no wonder so many (excuse my bluntness) freaking white conservatives do NOT want to teach ANY critical analysis of history’s racial theories and issues.😡

    So yes Canada, US, England, the Netherlands, Spain and Columbus et al started the pervasive corruption and fah sure we in the colonies learned it well and are doing our level best to now be uber bad boy and girl corruption experts !

    We learned from the best, not so!

    Like

  • Johnny clot 1:30

    This is the problem with you White-minded bacra Johnnie’s.

    A few days ago you feigned making an argument that all of mankind is Afrikan.

    Now today your deeply laid racism comes out as you construct an argument that corruption in Barbados is a product of the post independence era.

    Are slavery, colonialism, capitalism not the highest forms of corruption. What about your White people in charge before independence, did they not teach this misleadership class everything they know.

    Further, is your culturally White BLP not perceived as the rightful inheritors of the colonial political legacy even as the DLP pretends a different orientation but is no different.

    Any Afrikan anywhere operating under the presumption of inclusion with the Devil shall remain in hell.

    Like

  • When was Columbus ever in Barbados?

    Only a complete idiot would run around claiming Columbus exploited the Barbados economy expecting there to be another set of complete idiots who would accept this crap.

    CIDA was founded in 1968 and USAID in 1961!!!

    They came into existence as more and more countries were given their “independence” from Britain and lost their ability to be subsidized from the mother country.

    After WWII, Britain was broke and by the end of the 1940’s, the jewel in the crown, India, was gone.

    The intention of the USA and Canada was to provide AID to developing countries but once $$ is involved, corruption will arise.

    By 1968, the Barbados economy was booming as the World demand for sugar was still high after WWII.

    This is the only time in history that our economy really grew as attested to by its export output.

    Leading up tp the two world wars, sugar output was small and there was no real local economy to exploit.

    In the days of sail, Barbados’ only claim to fame was its location in the Atlantic Gyre and in the path of the Trade Winds.

    Our economy relied solely on Trade and being a reprovisioning station for ships.

    $$ was made elsewhere and some filtered back.

    Here is the sugar output, it’s an irrefutable fact!!!

    Like

  • JohnAugust 1, 2022 3:21 PM

    When was Columbus ever in Barbados?

    Only a complete idiot would run around claiming Columbus exploited the Barbados economy expecting there to be another set of complete idiots who would accept this crap.

    ++++++++++++++++++++++++++++++++++++++++++++++++++++

    Spoke too quick, there is always atleast one!!

    Like

  • You see, prior to USAID and CIDA, there was no cash to steal so corruption would have been a non issue.

    Before that, the only place excess value was present to be stolen was in the hands of the person collecting duties from the ships passing through … and yes, it happened… Lascelles I am told, some relative of the Queen.

    A booming economy in the 1950’s and 60’s meant there was an excess value to steal and you can see by looking at the graph of sugar output what the result was.

    In a matter of years the collapse of the Barbados economy started, look at the graph.

    It has just got worser.

    The Canadian Treaty of 1980 ran billions of dollars through Barbados and attracted all kinds of undesirable behaviour.

    So the point is if you want to look for a period when corruption set in, look in the period when there was something of value to steal.

    This is an irrefutable fact!!!

    It is called pork barrel politics … common sense.

    Taxation can only produce something worth stealing if the economy is booming or if as is the case of the 1980 Canadian taxation agreement there is an injection of cash into the coffers of the Government!!

    If you look for corruption prior to the 50’s in Barbados you will be hard pressed to find anything significant except in the collections of duties by His Majesty’s Comptroller of Customs.

    There has to be something of value to steal for theft to occur!!

    Like

  • @Pacha

    You’re the Chancellor’s leading man again. I guess JOHN 2’s were evicted..

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “A few days ago you feigned making an argument that all of mankind is Afrikan.”

    they only claim to be Afrikans when it suits their stupid purposes….but cave beasts are not Afrikan, there is too little of that bloodline in them left…many have none at all….don’t mind John talking shite…they are not Afrikans…..you must have a specific bloodline set up….bits and pieces here and there don’t count unless you can pull up at least 50% or more..

    either way….Afrikans will be happy to be rid of all of them…..to move on in their ancestral space…as the earth’s original people.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Pacha…ya done know the BU crowd know absolutely nothing about ancestral setups..

    ….according to Marcus Garvey…”that is our business”…..they don’t need to know anything…

    Like

  • William Skinner

    None of these two parties can claim to have no history of corruption.
    Peace.

    Like

  • de pedantic Dribbler

    @Mr Fellow, your retort was an inane diatribe … you noted initially that you start at the beginning so get your head clear of the ridiculous fog.

    The point was about THE CORRUPT process of government aid/income flows … and the IRREFUTABLE facts of that process is that EVERY colonial power adopted a corrupt, insiders process of graft !

    That you could even express to this blog that if “you look for corruption prior to the 50’s in Barbados you will be hard pressed to find anything significant” is either the comment of an idiot or one pretending idiocy.

    I dun wid your absurd apparent wantonly racist revision of history … it is appallingly disgusting.

    But then again what should I expect from a white dude who regales us with his stupendous factoid that thousands of Black folks were so happy and blissfully accepting of their lot during slavery but became less so when emancipated.

    You like, all who spout that BS, are an intellectual fraud!

    Like

  • NorthernObserver

    @dpd
    Band mate? lol. What band?
    If you wish to unnerstand the system, one need only examine Canada’s indigenous people.

    Like

  • Detective Colombo

    Was not Chris Sinckler not Minister of Finance? Then if Mr Sinckler, as Minister of Finance, he put money in the the leader of the then opposition pocket as lawyer for Clearwater. So while the NIS pensioners hold the bag, Chris gets a job in Washington. Will submit report to FBI HQ.

    Like

  • Detective Colombo

    So David Estwick, house at Ruby in the hands of a proxy named Arthur who is a lawyer. How much money, lost to corruption now in offshore accounts. Dodds Prison was major scandal nipped by Mr Marshall. Follow the offshore companies and who is their beneficial owners.

    Like

  • dPd

    You don’t have to be an intellectual to reach a conclusion that if there is nothing to steal then nothing will get stolen!!

    To identify when there was anything to steal all you have to do is look at economic output.

    Previous to the boom post WWII, there was nothing much to steal.

    The real stealing in Barbados occurred post WWII.

    However, you have to be a complete idiot to assert differently.

    Like

  • Crypto
    SEC charges 11 with creating, promoting $300 million crypto ‘Ponzi scheme’

    Xxxxxxxxxxx

    WHATEVER HAPPENED TO KIRK BROWN PONZI SCHEME ON THE 2X3 ISLAND.

    TOO WELL CONNECTED LIKE THE POLITICIANS TO BE CHARGED?

    Like

  • Good post Baje.
    This may be helpful to some… The section “Red Flags” is amausing.
    https://www.livingmoreworkingless.com/forsage-scam-review/

    Like

  • Two words and one is a typo
    Typo this !@#$!!%U

    Like

  • [video src="https://barbadosunderground.files.wordpress.com/2022/08/auditor-general-2021.mp4" /]

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    so is this Caddle person, something in the government, backbencher or something i never pay attention….an accountant or actuarial scientist or someone with knowledge of how these things work that they can assume that there was no corruption or wrongdoing.

    so the Auditor General who has DECADES OF EXPERIENCE must be dreaming..

    ….i never take politicians seriously…they will ALWAYS repulse me..

    Like

  • Marsha Caddle is an economist. I don’t listen to her mouthings. You claimed to have a red bag the contents of which would be put to good use. The much touted red bag disappeared after the elections.

    He or she who lies before an election should reasonably be deemed to lie after an election.

    You cannot lie repeatedly and wipe the slate clean with “BELIEVE YOU ME!”

    IF THE PUBLIC DOE NOT BELIEVE THEM, THE PUBLIC HAS REASON NOT TO BELIEVE THEM.

    This fake outrage from Marsha is laughable!

    Like

  • Don’t pay for a ticket.
    It’s a toy train with all the bells and whistles.

    Like

  • @Donna

    Politicians make promises to win favour, it is a characteristic of politicians especially in growing (immature) democracies. It shouldn’t be encouraged but the struggle to address must continue.

    Like

  • David,

    Weak! Cannot get a pass! You cannot lie to the people and then expect their trust.

    Marsha Caddle needs to put up or stfu!

    Like

  • @Donna

    ALL of them lie. You have to attack the political class to be credible. The political class has no issue closing ranks.

    Like

  • NorthernObserver

    Politicians make promises to win favour,….@David, you should have ended there lol
    Btw….i note that MP Caddle’s new gig…The Bold Center….she has access to several seemingly beyond her ‘economic prowess’. Surely the extra income from this, +MP salary, places her at the top of the heap.
    Then again she knocked of Sealy….twice!!

    Like

  • Peter Laurie should know right?

    The elephant in the room
    By Peter Laurie

    Elephant in the room – a major problem obviously present but ignored because everybody finds discussion about it uncomfortable.
    The elephant in our Bajan room is the size and inefficiency of our bloated public sector operating through a hodgepodge of different ministries/agencies entrenched in their silos. Result: low productivity, bad morale, and poor delivery of services.
    To be clear, it’s the system that’s dysfunctional, not the people who work in it.
    Civil servants get no reward for achieving anything; they cannot get fired for doing nothing; they get an automatic yearly salary increase regardless; and promotion is based largely on seniority.
    They function within an archaic management system that stifles efficiency, productivity and innovation, and lacks accountability. Moreover, blurred lines of authority between the political and bureaucratic directorates lead inevitably to abuses of power.
    We have been talking reform for decades. Some of the initiatives, especially digitalisation of services, have yielded positive results. But our focus on improving efficiency has led us to ignore the question of how many of our public sector organisations are fit for purpose today?
    No one wants to address this issue because it will probably entail reducing the number of people employed, maybe by as much as 25 per cent.
    But we can’t ignore the elephant for at least two reasons.
    One, the present expenditure on the public sector is fiscally unsustainable.
    Two, an efficient and productive public sector is essential for Barbados’ present and future prosperity. The public sector will make us, break us, or, at best, continue to “brake” us.
    We have no option other than to transform it into a major enabler of sustainable and equitable economic development and social justice.
    How did we get here? One, institutional inertia: organisations persist long after the need for them has ceased to exist or their activities are no longer appropriate to a drastically changed environment. Government agencies originated and grew willy-nilly at a time when there was almost no entrepreneurial class in Barbados, only a few unenterprising dominant companies.
    Two, an unholy collusion of patronage-bestowing politicians and empirebuilding senior bureaucrats (okay, I confess) over the decades has led to an excess of unproductive jobs and activities.
    So how do we go about changing the system?
    Piecemeal reform focusing on efficiency is helpful if it results in getting Town Planning permission or a driver’s licence more quickly. The problem is you might waste time making more efficient an entity that has no reason to exist anymore, for example, the Government Printery. We all want Government to be efficient but it’s equally important for it to be effective, that is, doing the right things.
    Another approach is wholesale transformation. This is bold and ambitious, but should work in a small society like Barbados. The advantage of this method is that it could be done over six years with few or no mandatory layoffs.
    We should start by asking what is the role of the state in present-day Barbados, a small knowledge economy dependent on a high level of human capital and a high level of social trust.
    To undertake this exercise, the Social Partnership should appoint a genuinely inclusive highlevel national task force with expert advisors, to be chaired by a minister.
    This team should be tasked with drawing up a blueprint of the purposes and functions of Government for 21st century Barbados, by what entities those functions should be carried out, and how these entities should be structured, without reference to existing governmental institutions, that is, designing from scratch.
    Some basic principles should apply.
    The state’s role is to uphold law and order, protect human rights, ensure sustainable and equitable economic development, and promote social and environmental justice and the common good.
    Accountability and transparency are fundamental to good governance, at the bureaucratic and political levels.
    The state should not undertake any activity that might be more efficiently undertaken by a private sector entity under Government guidance.
    Ministries and their regulatory agencies should be primarily policymaking bodies with strong research and analytical capabilities, engaged in policy formulation, supervision and regulation, thus leaving the actual implementing activities as far as is possible or consistent with financial probity to non-governmental entities.
    All public entities should have productivity standards, digital technology, accountability and transparency designed into their structures, and provide a rewarding work environment.
    All regulatory agencies should be set up to produce the necessary permissions in the shortest possible time with the greatest degree of transparency and civic politeness.
    Once a blueprint is drawn up, say after six weeks, wide consultation should take place. This process might take three months.
    A revised blueprint should then be submitted to the Cabinet for approval, and afterwards to Parliament.
    A special committee, cochaired by the Head of the Civil Service and a trade union representative, with University of the West Indies management experts and other advisors, should then be appointed by the Cabinet to work out a detailed plan of how to move from the present situation to the one proposed over a six-year period, including shedding in a phased and humane manner the redundant jobs, with time frames, costs and resources identified.
    This should take 12 weeks. Then would follow any legislation that is necessary.
    How would we avoid mandatory lay-offs? Mainly through voluntary retirement schemes by which staff in designated grades could leave the civil service with immediate retirement benefits and compensation, by redeployment of administrative personnel within the public service, recruitment freezes, and through close cooperation with private sector entities that could absorb certain categories of workers. This transfer, incidentally, should raise the level of national productivity.
    Of course, both piecemeal and wholesale reform can take place simultaneously.
    We might also use the opportunity of instituting a universal basic income that replaces all existing social welfare programmes (health and education are rights, not welfare).
    I’m sure that the international financial institutions would support such an exercise.
    Peter Laurie is a former head of the Barbados Foreign Service and author of several books.


    Source: Nation

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