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 –
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.
@Pacha
It is possible, however, it does not obviate that the project has straddled both administrations.
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?
@Pacha
Blame for Clearwater you mean?
David
No! We thought that we were prosecuting a political crime of Mia Mottley.
@Pacha
This is a complex transaction which smells of collusion by members of the political class AND private actors.
@Pacha
Why were Mottley and Persaud recruited. Makes for interesting discussion.
@ Pacha
Most offerings have two major objectives: pretend to be balanced and wherever possible cast Mottley and Company in the best light.
Peace.
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.
@Pacha
Are you correct? Didn’t Thompson appoint Persaud as executive chairman? Who recruited MOTTLEY as legal?
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!
You doubt the Auditor General who opined same?
Oh David
Now you seek to rewrite history. Was near these situations around 2008 and trust memory more than your selective recall.
Who was in office at that time Pacha.
By the way Pacha. Do you identify the people in the image which captions the blog? Why do you think it was selected?
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!!!
@TB
What report, source please?
@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…
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.
Ok Pacha, the blogmaster the point which had to be made. Carry on.
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
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
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….
@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.
The land at Paradise been the subject of Court actions since the 90’s!!
https://bb.vlex.com/vid/locke-jr-v-bellingdon-792733097
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.
@NO
You are hinting Pemberton et al were …?
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..
@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.
All in the family and shared with friends.
Clever
@ 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.
“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?
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..
A National treasure.
@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… 😂😂
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?
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.
Here is the HSBC/Nomihold link.
https://offshoreleaks.icij.org/nodes/14045101
Who are the folks associated with Nomihold Securities Inc.?
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
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
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
So who are the folks associated with Clearwater Bay?
https://offshoreleaks.icij.org/nodes/100333533
So, why did I pursue HSBC as an example?
@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.
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!!!
“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..
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.
@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.
@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).
What beach is this?
https://www.cbc.ca/news/business/canada-offshore-treaties-barbados-tax-avoidance-1.3641278
You all seen the clip from the Canadian Parliament regarding Barbados/Canada tax treaty?
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.
@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 😆
@John
You too 💕 a 🐇 🕳️!!
Kola is an interesting character!!!!
Been around alot, all with companies involved in the trade.
Anyone remember the Kola Syrup episode?
@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.
Generational thieves have no qualms and will always find a way to tief and push corruption…it’s in their wretched DNA…
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.
@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!
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.
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!!!
https://imgur.com/cXqE9uK
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!!
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!!
@Pacha
You’re the Chancellor’s leading man again. I guess JOHN 2’s were evicted..
“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.
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…
None of these two parties can claim to have no history of corruption.
Peace.
@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!
@dpd
Band mate? lol. What band?
If you wish to unnerstand the system, one need only examine Canada’s indigenous people.
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.
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.
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.
Crypto
SEC charges 11 with creating, promoting $300 million crypto ‘Ponzi scheme’
Xxxxxxxxxxx
WHATEVER HAPPENED TO KIRK BROWN PONZI SCHEME ON THE 2X3 ISLAND.
TOO WELL CONNECTED LIKE THE POLITICIANS TO BE CHARGED?
Good post Baje.
This may be helpful to some… The section “Red Flags” is amausing.
https://www.livingmoreworkingless.com/forsage-scam-review/
Two words and one is a typo
Typo this !@#$!!%U
https://barbadosunderground.files.wordpress.com/2022/08/auditor-general-2021.mp4
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..
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!
@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.
Don’t pay for a ticket.
It’s a toy train with all the bells and whistles.
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!
@Donna
ALL of them lie. You have to attack the political class to be credible. The political class has no issue closing ranks.
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!!
Peter Laurie should know right?
Source: Nation
https://www.instagram.com/reel/Cg7XLAMFcXP/
https://barbadosunderground.files.wordpress.com/2022/08/government-response-to-ag-2022.pdf
@ David
Has Peter Laurie taken to writing comedy now?
His ‘Elephant’ is not being ignored, It is just not solvable by the incompetents who have been charged with the responsibility to resolve it.
~~~~~~~~~~~~~~~~~
“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.”
~~~~~~~~~~~~~~~~~~~
LOL …and he is REAL funny too…
“A blueprint after SIX weeks”? … NOT ’bout hey- UNLESS he copies BU’s 10-point plan?
“A Special Committee”? – three years MINIMUM, and no meaningful outcome..like the Constitution thing.
“A UWI management expert”? – Oxymoron! …is Wendell McClean not deceased?
“12 weeks to come up with details for shedding in a phased and humane manner?
….shiite, we have been trying to sort out the poor nurses now for 10 years…
But the best part is…
“Then would follow any legislation that is necessary”…??!!
Yea, but WHEN??!! … and when it DOES come, will it be FLAWED like 90% of ALL legislation mutilated in the last 30 years?
Besides which, NOT ONE CHANGE IS LEGALLY POSSIBLE before the legislation is enacted. So this approach is dead in the water.
Peter is EXACTLY right about the PROBLEM. His proposed ‘solution’ however is UNWORKABLE, but is very typical of the ‘initiatives’ that come from WITHIN the flawed system.
@Bush Tea
He is saying the right things as a retired public servant, however implementation is always the problem.
@ David
Bushie knows PLENTY senior public servants, and they mostly agree with Peter about the problem.
However…
Successful implementation is ONLY possible if a VIABLE plan is FIRST established.
THIS is where we have ALWAYS failed.
The weakness outlined by Bushie is not even the implementation, but the FLAWED (but impressive sounding) PLAN.
When we START WRONG, the ending is predictable.
“A UWI management expert”? – Oxymoron! …is Wendell McClean not deceased?”
Bushie
Wasn’t Wendell McClean an “ECONOMIST,(whatever the hell that is)?”
🤣 😂
As unions would ‘say,’…… “LOL……oh shirt.” 😃
****** as YOU would say……
Artax…
Touché …
Yuh got Bushie there!!!
Congratulations to the Nation for giving focus to this matter.
Source: Nation
Source: Nation
Source: Nation
The Government response has ‘promise’, and certain bodies, like the Accountant General have much on their plate.
Of news to me, was “following the debt restructuring exercise in 2018, the Local Loans Act was amended to remove the 2% sinking fund requirement in respect of the restructured Series Bonds. The sinking funds were then transferred to the Consolidated Fund…”
This was yet another step to aid in the cash crunch, and gave the GoB cash.
It also means there is no provision to periodically set aside money (sinking fund) for repayment of the ‘restructured Series Bonds’.
The CBL debacle seems full of conflicting information.
Even to the point of identifying the purchaser of the land; one party refers to them as a “contractor”; another as a “hotelier”, and the numbers and circumstances provided by AP in his FB post also appears to conflict with the explanation given in the reply to the Aud Gen.
All seems to rest with the pending decision by the court.
Pingback: Government Jettisoned Sinking Fund Arrangement for 2018 Restructured Bonds | Barbados Underground