Tag Archives: government

CCJ rejects four-million-dollar claim against Belize government

PORT OF SPAIN, Trinidad — The Caribbean Court of Justice (CCJ) on Wednesday dismissed a claim by Titan International Securities Inc. (Titan) for US$4.46 million in losses as a result of a search and seizure operation conducted at its offices in September 2014. The court did, however, order the government of Belize (GOB) to pay Titan vindicatory damages of BZ$100,000 for the way in which the operation was conducted.

In September 2014, an indictment was unsealed in the US charging Titan, the president of Titan, Kelvin Leach, and 11 others with securities fraud, evasion of taxes, money laundering and conspiracy to commit those offences. The US Department of Justice requested the assistance of the GOB to have Titan’s offices searched as quickly as possible to prevent the…

Read More

‘Golden passports’ firm was consulted by government over investor visas | World news

Henley & Partners, the firm at the centre of the Caribbean passports controversy, was among a group of private-sector specialists consulted by the UK government ahead of changes to immigration rules that led to a surge in wealthy Russians and other non-Europeans securing the right to live in Britain.

Theresa May’s Home Office redesigned its visa programme with a view to attracting rich foreign investors, after the coalition had entered government, as ministers pursued investment from global elites.

The changes came as the then home secretary was introducing controversial hostile environment measures, with which she hoped to curb overall immigration. “It is possible,” May told parliament in November 2010, “to reduce numbers while promoting growth and underlining the message that…

Read More

Guyana Government against increased toll for Berbice bridge

The Guyana government Tuesday said it would not support plans for an increase in the toll as announced by the Berbice River Bridge (BRB) company and hinted at legal action being taken to block any increase.

The BRB announced that effective November 12,  a significant increase in the toll, indicating also that it had no other alternative.

“The company, unfortunately, has accumulated losses in excess of GUY$2.8 billion, has never paid dividends to its ordinary shareholders and is now in default of obligations to its numerous stakeholders, including the NIS (National Insurance Scheme),” said BRB chief executive officer, Dr. Surendra Persaud.

“It is important that we understand that the NIS’s investment in the Bridge represents an investment of all contributors…

Read More

Jamaica Government orders security audit for tourism sector

The Jamaica government says it has ordered an intensive security audit of the tourism sector including hotels and attractions as part of efforts to strengthen destination assurance.

“I’ve directed the Tourism Product Development Company, which is in charge of maintaining quality assurance within the destination, to coordinate an intensive security audit of the sector so as to identify gaps and ensure that the destination remains safe, secure and seamless for visitors and locals alike,” Tourism Minister Edmund Bartlett said.

“Security arrangements are part of the licensing requirements for many sector operators, so we will apply tough sanctions where breaches and or significant weaknesses are found,” he added.

A statement from the Ministry of Tourism noted…

Read More

Bahamas government rejects ‘unreasonable’ and ‘uncompromising’ demands by Canadian travel group

Minister of State for Grand Bahama Kwasi Thompson. (Photo by Torrell Glinton)

By Jasper Ward

NASSAU, Bahamas — Minister of state for Grand Bahama, Kwasi Thompson, has outlined what he called “unreasonable” and “uncompromising” demands made by Sunwing Travel Group, including a demand for the Bahamas government to pay $4 million every year for a fixed seven-year period to provide airlift for four months.

Thompson said the government also refused to agree to Sunwing’s demand to increase the $4 million payment by 10 percent every year.

He said this could amount to a cost of $1 million for one month and the numbers could possibly mean the government would be in essence paying for the cost of every ticket.

Sunwing announced last week that it intends to pull out of…

Read More

Barbados government commits to purge country of corruption

Dale Marshall.

The Barbados government says it is “absolutely committed” to purging the country of a “stain of corruption” uncovered since it came into office in May this year.

Attorney General Dale Marshall, who appeared with Prime Minister Mia Mottley in addressing the nation on Sunday night, said that the authorities have systematically gone through file after file and have found a number of startling things.

Marshall said that in many respects, there was a total absence of fiscal discipline and that since coming to office, the government has seen signs of corruption making reference to the accounts of the National Housing Corporation.

He told the nation a closer examination of the files had shown that in many instances, contracts were awarded without any…

Read More