Paradise Beach Limited (Four Seasons) Inquiry

Opposition MP questioned Paradise Beach Limited project during the Estimates

Opposition MP questioned Paradise Beach Limited project during the Estimates

Barbadians welcomed the revelation by Opposition member of parliament Ronald Toppin that two Paradise Beach Limited  bond holders had to be paid by government to the tuned of BBD120 million. There was also the view that government’s haste to dump its minority holdings in the former Barbados National Bank, now Republic Bank, was to ‘shield’ this transaction in the wash.

What Toppin’s intervention did was to force Minister of Finance Chris Sinckler to issue a clarification statement. BU understands the MoF’s explanation concerning the need to protect sensitive discussions by honouring non disclosure agreements. We also have applied similar understanding to the CLICO and Barrack transactions. Hell we understand why we the TAXPAYERS should not be told one damn thing. Those of us who understand the ramifications of the pending decisions will continue to live in hope that we will be told how a few people in smoked fill rooms will guide our future as well as our offspring.

In light of the Toppin revelation that government had to honour an obligation to two bond holders, how does this position the Barbados government? Can we draw a conclusion that the Barbados Government – or we the people – are owners of what use to be a picturesque piece of property at Black Rock?

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From the Mouths of Politicians

Adrian Loveridge – Owner of Peach & Quiet Hotel

Sadly every five years or so, we have grown accustomed to, and sometimes forced into hearing some pretty outrageous utterings from those that either represent us in Parliament, or who aspire to. A video recently posted on YouTube [St.Michael North Nomination – Ronald Toppin MP] really grabbed my attention, features such a person, while addressing his constituents. Perhaps the phrase ‘political silly season’ explains this situation graphically.

I quote verbatim. ‘The Barbados Tourism Authority owes $42 million’, ‘is in serious debt’ and is literally ‘running from bailiffs around the world’.

Perhaps from an ordinary citizen, these comments could simply be disregarded as pure speculation, but on this occasion, they were spoken by the Shadow Minister of Tourism. Despite the video being widely distributed, no statement in rebuttal, up until the time of submitting this column has been made by the current actual Minister of Tourism or a spokesperson for the BTA, so we are all left to speculate if these statements are factually true.

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