Tag Archives: offshore scandal

Contest to name interCaribbean Airways new aircraft!

intercaribbean-airways

Our prime entry – name the new aircraft Earl and Floyd Hall

Oh joy!

interCaribbean Airways (formerly Air Turks & Caicos, the national airline of The Turks & Caicos Islands) is holding a contest to name their new aircraft.

A fine idea!

… but in our opinion the names have to reflect the true nature of The Turks & Caicos Islands and honour those who represent the fine traditions of offshore banking in T&C:

And… here is BFP’s contest entry…

Oh noble wings, we name thee…

Earl and Floyd Hall

Back in March of 2011 Barbados Free Press reported that Earl Hall, the brother of former Turks and Caicos Minister of Finance Floyd Hall, had just been released on bail by the UK anti-corruption investigators.

The TCIpost broke the story and reported that Earl Hall would face numerous charges including defrauding the government on the sale of Crown land and money laundering.

The TCIpost blog was taken off the internet a short time later, and nothing was ever heard again in the news about the corruption charges against the brother of the former T&C Minister of Finance, Floyd Hall.

In honour of the disappearing criminal corruption charges and news stories that are the hallmark of the Turks and Caicos Islands and the Caribbean in general, we think that Earl and Floyd Hall would be a fine name for the new airliner!

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Filed under Corruption, Crime & Law, Politics & Corruption

Consultant Hired To Take Barbados Stock Exchange International – But If The Chief Justice & Others Don’t Have To Obey Our Financial Laws, What Message Does That Send To The World?

Barbados has hired a Canadian company to transform the Barbados Stock Exchange into an international exchange. This might be possible because, unlike so many small islands, Barbados has so far escaped some of the huge public scandals that call attention to the lack of standards and contempt for the rule of law that is endemic in offshore financial centers.

Escaped so far, anyway.

david-thompson-piggy-smlOne has to wonder though, if Barbados international reputation is more a result of luck, hype and spin than a reflection of reality. Successive Barbados governments, including the current DLP Thompson government, have refused to pass any laws relating to integrity, conflicts of interest, accountability and freedom of information.

Laws regarding records keeping by businesses — even public companies — are all but ignored on this island. Even the Chief Justice, Sir David Simmons, has been caught out in a corporate scandal where business records disappeared or never existed.

Prime Minister David Thompson is likewise caught up in a scandal over the lack of financial records and failure to file records by CLICO when he acted as their lawyer for years. Oh, and coincidentally, Prime Minister Thompson just gave CLICO 10s of millions of dollars in guarantees, concessions and cold hard cash. Oh, did we also mention that Prime Minister Thompson and CLICO CEO Leroy Parris are godfathers to each other’s children?

Same old, same old ’bout hey!

Some day all these chickens gots to come home to roost, and when it happens Prime Minister Thompson and Chief Justice Simmons will say, “Barbados is acting to put in place additional oversight in our financial and corporate sectors. The government will soon introduce integrity legislation…”

Same old, same old ’bout hey!

Thompson’s plan for his friends: Privatize Profits, Socialize Losses

A great article at Keltruth: $10M for Clico Fund – Privatize Profits, Socialize Losses

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Filed under Barbados