A reader has taken us to task for not addressing the issue of Sir COW’s conflict of interest in relation to the Barbados Farms Ltd. land grab.
Our apologies, dear readers. There is only so much time in a day and so very much corruption in Barbados.
If only we could win the lottery and do Barbados Free Press on a full time basis, we would be able to print many more stories of the way things are on our small island home.
So, take it away concerned reader…
The Great Barbados Land Grab
I have been increasingly disturbed by what may now be called “The Great Barbados Land Grab”.
Following the announcement by Sir Charles Williams and a group of investors to purchase a controlling interest in Barbados Farms Ltd, this has now been succeeded by a further bid by the CLICO Group. The disgrace here is that Sir Charles Williams (COW) is a board member of Barbados Farms Ltd (BFL), and yet claims that his bid is based on the inability of BFL to make a profit.
How could you at BFP allow COW to get away with this blatant conflict of interest? Surely, as a director, COW has a duty to the shareholders of BFL to make the company perform to the best of its abilities. How can he therefore turn around and claim that he and his friends can make BFL profitable once again? He didn’t even have the decency to resign as a director first! The fact is that BFL own 4000 acres of land in Barbados. For the amount being offered for the shares by COW and his cohorts, they would only need to develop about 300 acres to recover their investment, leaving them with 3700 acres free.
It’s the kind of land grab reminiscent of the stories we read about the Wild West! Nobody who has seen COW operate with agricultural land will believe that he seriously wants to keep it in agriculture. His whole juggernaut has to be continued to be fed. As one job is completed, those earth moving machines must move on. The CLICO offer has little more to recommend it, and there is generally a feeling in Barbados that, despite Mr Parris’s protestations, they are just awaiting a change of government to move ahead and develop what they have.
They don’t need any advanced “nod and a wink” before they purchase, because both they and COW know how it’s done.
To the shareholders of Barbados Farms Ltd, I say that you must make your directors identify that land owned by BFL that cannot be used for agriculture, and apply to develop it to YOUR benefit, and nobody else’s. And demand the resignation of Sir Charles Williams from the board, immediately, for failing in his duty as a director.