Daily Archives: July 28, 2013

Barbados DLP Executive involved in political influence loan scandal

Reynold Austin Barbados DLP

Photo: Reynold Austin – President DLP (Canada)

Noted Jamaican-Canadian businessman says DLP Executive Reynold Austin obtained US$750,000 business loan on the basis of political assurances

It doesn’t much matter whether we’re talking a corrupt BLP government or a corrupt DLP government – it’s the “Same old, same old ’bout this place”. Once elected, party officials rush to turn political influence and government authority into personal profits.

Today’s scandal involving a DLP executive member is only today’s scandal. CLICO was yesterday’s scandal. Tomorrow there will be something new, and when the BLP forms the government after the next election there will be more scandals coming – only BLP in their flavour instead of DLP.

“It is a scandal that the DLP executive Reynold Austin marketed his land development project on the basis of his position with the ruling DLP Government…”

Without Integrity Legislation, Freedom of Information and accountability laws, the buying and selling of political influence and government authority will continue to carry no penalty.

denham jolly Jamaica Canada

Photo: Jamaican-Canadian businessman Denham Jolly

Look how brazen these people are!

In this case, noted Jamaican-Canadian businessman Denham Jolly was happy to make a loan in 2011 to a Barbados development project pushed by the President of the Barbados DLP (Canada), Reynold Austin, upon assurances that the project was important to the Democratic Labour Party government.

In other words, the DLP (Canada) executive tied the success of the business project directly to his insider status with the governing party. Jolly was happy with that. Only when the property development was unable to make loan payments did Mr. Jolly complain.

“Denham Jolly should also apologize to Bajans for taking part in an act of political corruption.”

Jolly told the press that DLP executive Reynold Austin “approached me in the spring of 2011 for a business loan for Pickering Court Development. He assured me that it was a great investment because it was a centrepiece for the Government and the enhancement of their re-election.”

Why should a privately-owned property development be a “great investment” because it is a “centrepiece for the Government” and “the enhancement of their re-election”?

How does a privately-owned piece of property increase in value due to an association with government?

That’s an easy question for any Bajan because we’ve seen decades of worthless scrub and agricultural land turned into millions when a government bestows building permissions upon land owned by political friends.

It is a scandal that the DLP executive Reynold Austin marketed his land development project on the basis of his position with the ruling DLP Government, and the stated value of the land to the government and therefore ‘enhanced’ value of the loan-provider to the Government and the Government’s re-election.

Reynold Austin should immediately resign from his executive position with the DLP, and if he does not the DLP should relieve him of his position. Continue reading

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Filed under Barbados, Corruption, Political Corruption