The Crooks In The Barbados Government Don’t Even Know How Much They Lost And Stole
Ho Hum… someone has published another request/demand for the government to obey the law and present audited financial statements for the GEMS of Barbados Hotels – otherwise known on BIM as the “GEMS Scandal”.
Folks, you should know by now that the Prime Minister and his government are not concerned with obeying the law – THEY ARE THE LAW.
Whether it is changing the Constitution with no notice on a Tuesday afternoon, sending their lawyer thugs against journalists who ask too many questions or simply ignoring the legal requirement to produce financial statements for a third of a billion dollar waste – for six years! – strongman Prime-Minister-For-Life Owen Arthur and his gang do as they please.
Jonathan Peters has written a splendid piece for The Nation News, and we applaud him for keeping the theft in the public view – but the Prime Minister would use it for toilet paper if he wasn’t already stealing the TP rolls from his government office loo.
From The Nation News…
GEMS Audited Figures, Please
YOU AND I and all Barbadians are shareholders in one of those quasi-Government companies called HRL Limited.
HRL Limited makes the Greenland Landfill and the Bostic $2.5 million look like child’s play when it comes to squandering and wasting the taxpayers’ dollars.
In fact, to date HRL is reported to have spent nearly $300 million of the taxpayers’ money and lost between $12 million and $15 million each year for the past six years on its income statement. HRL Limited is of course better known as Gems of Barbados.
Our Prime Minister, the Minister of Finance, talks, and I repeat talks, about accountability but never delivers on this promise.
I can say that because it is a fact that for the last six years, Gems of Barbados, those hotels that we all own, have not produced for us, the shareholders, audited financial statements. Six years without audited financial statements, but still operating with our tax dollars and losing millions each year. That cannot be right.
Government is breaking its own law in not providing these audited, signed off, financial statements. Where on earth is our Auditor-General on this matter?
A lot of prominent people over the last six years have been asking for these accounts to be produced. Some of those people are Sir John Stanley Goddard, Mr Adrian Loveridge, the late Peter Morgan and, of course, the new wonderchild in the Ministry of Finance, Mr Clyde Mascoll.
Mr Mascoll was the most vocal opponent of Gems as we all remember his “Jaws” issue. We also remember Mr Mascoll’s heated exchanges with his Prime Minister.
Can you imagine that the Minister of Tourism had the audacity to stand up in Parliament during the Estimates and tell the people of Barbados that he and Government would not allow the equity in Gems to deteriorate and that no debt would be placed on the taxpayers of this country when it came to the performance of Gems?
To him I say, bring audited figures to prove it.
Where on earth is the Opposition on this matter? It seems as though it is just a matter of the boys’ club not rocking the boat as surely Messrs David Thompson, David Estwick and Denis Kellman et al must remember Gems and the transfer of National Insurance Scheme funds to prop up its operation.
Everyone of us is affected by the spiralling cost of living that we face in Barbados each day, but no one seems to care very much when our Government spends $300 million of our money in a company that loses additional millions of dollars each year in operation.
Who do we think is going to pay for Government’s bad management and investment of our $300 million?
If we, the public shareholders, are not prepared to hold anyone accountable for our $300 million, then we cannot bellyache when we have to pay more for a tin of corned beef.
… read the original article online at The Nation News (link here)