You Want Audited GEMS Hotel Financials From Prime Minister Owen Arthur? It Will Never Happen… Never.

barbados-gems-hotel-scandal.jpg

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.

Jonathan Peters

… read the original article online at The Nation News (link here)

13 Comments

Filed under Barbados, Barbados Tourism, Politics & Corruption

13 responses to “You Want Audited GEMS Hotel Financials From Prime Minister Owen Arthur? It Will Never Happen… Never.

  1. Jerome Hinds

    You Want Audited GEMS Hotel Financials From Prime Minister Owen Arthur? It Will Never Happen… Never.
    _________________________________
    BFP,

    I am not surprise that the title and substance of your article above has not IMMEDIATELY evoked a response from others bloggers…( save what I am going to say )…!

    BFP,

    Can you please post my title….

    “BFP….readers want article on Money Laundering so long PROMISED by the BFP ?

    It is LIKELY not to HAPPEN…! “

  2. Pingback: Readers want article on Money Laundering so long PROMISED by the BFP « Barbados Free Press

  3. Jerome Hinds

    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.
    __________________________________

    BFP,

    Your mentioning of the names of those persons above, with the exception of the late Peter Morgan, UNDERSCORES the nature of Owen Arthur’s DUPLICITY in governing Barbados…!!

    1. Sir John Stanley Goddard….though VOCAL
    about the WRONGS in GEMS…have NEVER
    called on the PM…or the TOURISM Minister to
    resign..!

    BFP…Ask him WHY…!

    2. Mr Clyde Mascoll…..despite his ” horn locking ”
    with Owen & the BLP about GEMS…still no
    AUDITED accounts….EVEN now that
    MASCOLL…is a BEE….!

    BFP…Ask him WHY…!

    3. Mr Adrian Loveridge…….PUBLICLY challenged
    the TOURISM Minister on this GEMS….
    WRONG….. up 25 th March, 2007…..!
    Despite this….BFP runs with a story it claims is
    the author of a BLP operative on this
    site…about Mr. Loveridge being a RACIST…!

    BFP…TELL us WHY…!

    4. Peter Morgan….REMAINED stringent on his
    calls for TRANSPARENCY on the GEMS project
    up to his DEATH…!

    BFP….that is COURAGE….do you AGREE…?

    ****************

    Comment by BFP Clive

    Hi Jerome

    I simply don’t know where you are coming from. Are you alleging some sort of wrong-doing or complicity with the government on the part of Barbados Free Press?

    As to why we ran the story that the government official was distributing an attack report against Adrian Loveridge – I should think that would be self-apparent…

    We highlighted the story to expose the corruption of a group of government elites that believe they are so entitled to power that they will stop at nothing to maintain power. I know that everyone seems to get that concept so far. Do you understand?

    Thanks

    Cliverton

  4. BFP

    Comment by BFP Clive

    Hi Jerome

    I simply don’t know where you are coming from. Are you alleging some sort of wrong-doing or complicity with the government on the part of Barbados Free Press?

    As to why we ran the story that the government official was distributing an attack report against Adrian Loveridge – I should think that would be self-apparent…

    We highlighted the story to expose the corruption of a group of government elites that believe they are so entitled to power that they will stop at nothing to maintain power. I know that everyone seems to get that concept so far. Do you understand?

    Thanks

    Cliverton

  5. Jerome Hinds

    BFP,

    In all fairness I take offence to your brandishing my comment,

    “BFP….readers want article on Money Laundering so long PROMISED by the BFP ?

    as being nasty.

    Like others before me, I have expressed a view that the advertisement on this subject has been running too long….while other similar themed subjects have taken PROMINENCE…!

    In case it is a suggestion of yours, I have no intention of starting my own BLOG…!

    I endeavour to remain a loyal contributor to the

    BALANCED
    FAIR
    PRAGMATIC

    a.k.a Barbados Free Press BLOG…!

    ******************

    Hi Jerome, Clive here

    Then crank it down for a few days and see what Marcus can come up with. If you knew what has happened to Marcus and Shona you would be more understanding, but unfortunately to reveal that would be to reveal their identities. You are just going to have to be patient for a bit longer.

    Notice I didn’t say that you have to trust Marcus, me or anyone else around here.

    The other stories have taken prominence as there are a few of us writing them – but Marcus is putting together the money laundering series.

    As far as your contributions to BFP, it is true that not only are you a regular, you bring many facts and much wisdom to the community. You will understand the money laundering series when it is published. The issue is probably one of the most important for Barbados to understand because it is at the heart of every corruption of the system. I expect that you will have much to say to us and to Barbados when you read it.

    peace

    Clive

  6. concerned

    BFP, we are frogs in the pot and it is difficult for us to gauge the temperature of the water. These very recent comments suggest that the water is much hotter than we ever could have imagined.

  7. Jerome Hinds

    We highlighted the story to expose the corruption of a group of government elites that believe they are so entitled to power that they will stop at nothing to maintain power. I know that everyone seems to get that concept so far. Do you understand?

    Thanks

    Cliverton
    _________________________________

    Thanks for your response. My comments were not intended to allege any complicity on BFP part with any government.

    I was merely examining the view that the story about Mr. Loveridge appears to be a throw – off from the issues of corruption raised before on this BFP site e.g GEMS and more recently the Money Laundering story.

    I understand your position on the release of the latter my call was just a reminder for you guys to REMAIN,

    BALANCED
    FAIR
    PRAGMATIC

    a.k.a Barbados Free Press BLOG…!

  8. paul sealy

    LOL..wunna got big head and crew vex cause their tiefing days like they coming to an end…heard Commisiong on the radio calling for integrity legislation implementation..boy wunna thieves got to be cruel…hahahaha

  9. B F P
    a a r
    l i a
    a r g
    n m
    c a
    e t
    d i
    c

    I like that, except rather close to CBC’s nightly intro.

  10. Sorry, that did not come out the way I laid it out with letters in neat columns under B, F, P. Forget it.

  11. De Orginal

    Well I hope for Clyde Mascoll sake he dont get his name called in anything cause he has no integrity. I predicted this is his last term in the house the people of Deacons and surrounding areas gine get rid of he.

  12. Jerome Hinds

    Another reason to DEBUNK the BLP myth…….that a person must have a DEGREE in ECONOMICS…..to be Finance Minister !

    Keep the pressure on the TAILS…..Dr. Estwick !

    Let them read PM Manning statement below !

    *********************************************

    http://www.trinidadexpress.com/index.pl/article_news?id=161232524

    ” Asked about the choice of Nunez-Tesheira, he said, “When I became Minister of Finance myself, I was inexperienced in finance. What do I know about finance?”

    Manning said Nunez-Tesheira has been the vice-principal at the Hugh Wooding Law School “and, therefore, in that capacity, is doing a lot of management”, which includes matters of finance.

    Conrad Enill will now be serving as the Minister of Energy and Energy Industries, having replaced Dr Lenny Saith, who had held that portfolio for the past two years, along with that of Public Administration.

    Saith has been appointed as a Minister in the Office of the Prime Minister and Manning said his years of knowledge and experience will be used in the management of the Cabinet, including giving advice to some of the new ministers. “

  13. Jerome Hinds

    Further Bio on Karen Nunez-Tesheira.

    Go to page 11 of the link below :

    Click to access stan42002.pdf

    ” CRIME AND PUNISHMENT
    IN BLACK AND WHITE

    The Council of Legal Education, Hugh Wooding Law School,
    recently announced the publication of texts by Dana Seetahal
    and Karen Nunez-Tesheira. Dana Seetahal is an Attorneyat-
    Law and lecturer at the Hugh Wooding Law School. She
    holds a Bachelor of Laws from the University of the West
    Indies, a Master’s Degree in Criminology from the Florida
    State University and is a Fulbright Scholar. Her book is entitled
    “Commonwealth Caribbean Criminal Practice and Procedure”
    and fills a lacuna in the jurisprudence of the Commonwealth
    Caribbean. This book provides a detailed analysis
    of the statute and common law in relation to criminal
    procedure in the region. Recent developments in the field,
    including Privy Council cases as well as new legislation, are
    also reviewed. This book was published in August 2001.
    Karen Nunez-Tesheira is an Attorney-at-Law at the Hugh
    Wooding Law School. Her text entitled The Legal Profession
    in the English-Speaking Caribbean was launched at the
    La Boucan, Trinidad Hilton on Tuesday 1 March 2002. This
    is Nunez-Tesheira’s second publication; the first being Non-
    Contentious Probate Practice in the English-Speaking Caribbean
    which was launched in 1998. Her second book focused
    on topics such as legal ethics and responsibilities,
    professional negligence, misconduct and discipline. The
    feature address at the launch was delivered by Senator, the
    Honourable Glenda Morean, Attorney General of Trinidad
    and Tobago. Also participating in the launch were the
    Honourable Rolston Nelson, S.C., Court of Appeal Judge,
    the Chairman of the Council of Legal Education, C. Dennis
    Morrison, Q.C., the President of the Law Association, Karl
    Hudson-Phillips and Madame Justice Annestine Sealey, Principal
    of the Hugh Wooding Law School.