Daily Archives: October 14, 2009

Sentencing coming for key accused in VECO corruption scandal – but Barbados never asked US Authorities for Barbados corruption evidence.

FBI seized millions of VECO financial records showing bribes paid to corrupt politicians. Barbados doesn't want to see them!

FBI seized millions of VECO financial records showing bribes paid to corrupt politicians. Barbados doesn't want to see them!

VECO’s Bill Allen going bye-bye

This is just a short note this morning before I head off to bed. (How I hate nightshift).

Remember VECO out of Alaska? The company was disbanded and sold off after it turned out that for the last three decades they had obtained government contracts all around the world through the simple means of bribing politicians. We’re not talking about a slip or two by a sub-manager in a foreign country, we’re talking about a standard operating procedure by a company that was started and built upon corrupt practices.

Under the BLP and Mia Mottley and Dale Marshall, VECO built our oil terminal and our Dodds prison – the one with the $10,000 toilets and no transparency or open bids. ($10k per toilet? Yup… our sources tell us that’s what we paid for them after they came through a “handling company” in Miami.)

But the BLP were smart enough to spread the wealth around so that if and when they were defeated by the DLP, the new government wouldn’t want to go there.

Started VECO Cover-Up

Started VECO Cover-Up

After the Alaska scandal broke, then Dale Marshall had a meeting with VECO executives for 30 minutes and announced “Nothin wrong in Barbados!”

That’s the last that Barbados heard about it.

Like we said, the DLP Thompson government doesn’t want to be forced into charging members of the last government with any offense because what comes around goes around.

So David Thompson lets the corruption stand without any transparency or accountability to the people of Barbados.

You want proof? Good. Here’s ours… maybe the current DLP Government will find the voice to reply…

Proof that the Thompson DLP Government does not want to know anything about VECO’s corrupt activities in Barbados:

Under Prime Minister David Thompson, no authorities from Barbados – including police, the DPP or the Auditor General – have ever asked the US Authorities for evidence concerning VECO’s Barbados operations that was gathered during the US investigations. Millions of documents and hundreds of hours of secret recordings were lawfully collected by US authorities during their operations. Barbados never even asked to meet with US Authorities – because all indications are that VECO’s financial records would show payments & “gifts” to Barbados officials and contracts to offshore suppliers owned by them.

And that tells the story, my children.

Anchorage Daily News: Sentencing for key bribe witnesses may be soon.

Further Reading that should Outrage Bajans

November 17, 2008 – The FBI VECO Documents that Mottley and Thompson don’t want Bajans to see.

September 22, 2008 – Barbados Prime Minister Thompson Confirms Previous Government Officials Stashed Millions In Foreign Bank Accounts

August 20, 2008: VECO’s “Corrupt Bastards Club” has a Barbados Chapter

August 15, 2008: Why Won’t Prime Minister Thompson Investigate VECO’s Corrupt Acts In Barbados?


Filed under Barbados

Moody’s downgrades Barbados bond rating to brink of junk (This doesn’t sound good to us)

Our grandchildren will still be paying for Cricket World Cup

Reality Check: Our grandchildren will still be paying for Cricket World Cup

How much did that Cricket Party cost us?

Priority: A Hundred Million Dollars For A Few Weeks Of Cricket

Priority: Hundreds of Millions borrowed for a few weeks of cricket

Was it half a billion or a billion? I’ve forgotten, and I’ve forgotten what fun it was too!

Barbados Gets A Downgrade

Barbados may have gotten a high quality of living stamp but its bond rating was yesterday downgraded to the brink of junk.

Moody`s Investors Service on Tuesday lowered the Barbados government bond rating to the brink of junk territory, stating that the nation`s government debt has more than doubled. Barbados` bond rating was lowered to Baa3, or just one notch into investment grade.

Moody`s expects the island`s debt to exceed 100 percent of its economic output, compared with 65 percent in 1999.

… continue reading this article at Caribworldnews.com

How many hundred million tax dollars wasted?

How many hundred million tax dollars were wasted?


Filed under Barbados, Business & Banking, Disaster, Offshore Investments