SVG

MP asks PM for statement on resort, offshore bank

A view of the five-star Buccament Bay Resort. Reports says workers at the resorts are being paid on an inconsistent basis (Internet photo)

KINGSTOWN, St. Vincent – An opposition legislator has called on Prime Minister Dr. Ralph Gonsalves to make a ministerial statement to Parliament on the operations of the five-star Buccament Bay Resort and the former offshore financial entity, Millennium Bank.

The call by Central Kingstown representative St. Clair Leacock on Thursday came amidst two cases of fire at the resort and a U.S. investigation into the bank.

Meanwhile, Millennium Bank offered financial products with guaranteed high-interest returns and U.S. officials have accused its chief executive, William J. Wise, of orchestrating a US$129 million Ponzi scheme.

Gonsalves, in ministerial statement on Thursday, spoke out against the violence in Houla, Syria. “The Government of Saint Vincent and the Grenadines condemns in the strongest possible terms the abhorrent killings and wounding of civilian men, women and children in Houla,” he said in the ministerial statement.

But Leacock said that Gonsalves was speaking about developments in the Arab nation while local issues remained unresolved.

“One can’t help but observing that while we are addressing the Syria question, and rightfully so, Mr. Speaker, domestically, there isn’t a Vincentian who is unaware of what is happening right here on the ground at Buccama Bay with Harlequin, where, for over ten months, people can’t be paid: investors, business houses, employees, and there is a potential for a business to belly up leading to violence at that worksite,” Leacock, opposition spokesman for private sector development, said after Gonsalves’ statement.

Leacock noted that a villa and machinery were burnt at the resort and added “we can’t pretend that we are unaware of that matter.

“Equally, Mr. Speaker, in the same way that we have welcomed, and rightfully so, RBC to the financial architecture, there is the Millennium Bank situation, for which we believe in St. Vincent and the Grenadines a statement should also be issued in this House because it is no less of importance to us that those that have been identified,” Leacock said.

“So, we are interested in both the acts of omission and commission and I am inviting the Hon. Prime Minister to soonest share with this honourable House what is the status of Buccament Bay and Harlequin resort in St. Vincent and the Grenadines because injury on the financial front are no greater than those on the financial front in St. Vincent and the Grenadines,” he further stated.

Gonsalves told Parliament that just before leaving St. Vincent on May 16, he “had a discussion with the persons who are responsible for the investment at Buccama and a number of issues where raised.

“We get a lot of statements which may or may not be factual. Part of my job is to ascertain the facts,” he told lawmakers.

“I have some of the facts in my possession and those at the time, I shared with the persons concerned — the investors concerned. This morning, one of the matters which I discussed with two members of staff at my office –senior members — related precisely to the question which the Hon. Member for Central Kingstown has raised,” he further said.

Gonsalves, who is also a lawyer, then said that there are legal mechanisms “to address certain matters including, institutionally too, workers who may have challenges.

“There is the Labour Department, which is a first port of call, which is the institution to carry out investigations and to provide the necessary advice in addition to whatever other advise is required.”

Regarding Millennium Bank, Gonsalves said that when the issue first arose, he read a full statement on the matter at a press conference broadcast live on radio and reported on in the media.

“I said then and I say now that the Millennium Bank, whatever issues were involved in persons who invested money, … that question of any fraud or anything connected to that was not dealt with in St. Vincent and the Grenadines but in banking institutions in the United States of America.”

He said the U.S. Securities Exchange Commission’s complaint had those facts.

“… and if honourable Members go back, and look at it, they will see the way in which the authority here in St. Vincent and the Grenadines, that is to say, the International Financial Services Authority dealt with this matter in a proper and scrupulous way.

“Like everybody else, I hear rumours about who got money from whom and so forth. Well, I don’t know about those rumours. I don’t know about those rumours. And I am not dealing with those kinds of rumours.

“But I can tell you that all the authorities involved in this thing, including the authority of the Minister of Finance, under which the International Financial Services Authority is located, all act most scrupulously in this matter,” said Gonsalves, who is Minister of Finance.

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4 thoughts on “MP asks PM for statement on resort, offshore bank

  1. Well that is a surprise “Gonsalves, in ministerial statement on Thursday, spoke out against the violence in Houla, Syria. “The Government of Saint Vincent and the Grenadines condemns in the strongest possible terms the abhorrent killings and wounding of civilian men, women and children in Houla,” he said in the ministerial statement”.

    Well perhaps he can explain why in the aftermath of the Houla massacre, at the UN his son supported Syria by abstaining from a General Assembly vote against Syria.

    IN SUPPORT OF SYRIA
    By voting against the Motion:
    Belarus, Bolivia, China, Cuba, Democratic People’s Republic of Korea, Ecuador, Iran, Nicaragua, Russian Federation, Syria, Venezuela, Zimbabwe.
    By Abstaining from the Motion:
    Algeria, Angola, Armenia, Cameroon, Comoros, Fiji, Lebanon, Myanmar, Namibia, Nepal, Saint Vincent and the Grenadines, Sri Lanka, Suriname, Tuvalu, Uganda, United Republic of Tanzania, Viet Nam.

    THOSE WHO VOTED TO CONDEMN SYRIA FOR THE MASSACRE
    In favor of the Motion:
    Afghanistan, Albania, Andorra, Antigua and Barbuda, Argentina, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Canada, Central African Republic, Chad, Chile, Colombia, Congo, Costa Rica, Côte d’Ivoire, Croatia, Cyprus, Czech Republic, Democratic Republic of the Congo, Denmark, Djibouti, Egypt, El Salvador, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kuwait, Latvia, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia (Federated States of), Monaco, Mongolia, Montenegro, Morocco, Mozambique, Nauru, Netherlands, New Zealand, Niger, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Poland, Portugal, Qatar, Republic of Korea, Republic of Moldova, Romania, Rwanda, Saint Kitts and Nevis, Saint Lucia, Samoa, San Marino, Saudi Arabia, Senegal, Serbia, Seychelles, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Sudan, Spain, Sudan, Sweden, Switzerland, Thailand, The former Yugoslav Republic of Macedonia, Timor-Leste, Togo, Trinidad and Tobago, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Zambia.

    GONSALVES, you may be able to fool parliament, but you cannot fool the people who are following your every move.

    With regards to Millennium Bank, Gonsalves you need to tell the people why your photo and recommendation of the bank to prospective investors, appeared right up to the end on their website.
    A lot of investors took comfort from the inclusion in the website of Gonsalves and GG Balantyne, did they have an interest in the Millennium Bank.
    I have all the Millennium website information, including dates of installing and all changes to the site.
    Also be aware, Vincentian chartered accountant that has been involved in the liquidation of Millennium Bank in SVG was secretly involved with Wise. This man was a friend of William Wise and gave Wise vital advice [outside of his company remit] on how to hide assets in SVG. Seven million dollars worth of assets have been moved sideways to fool the creditors. It involves conspiracy between Wise, an attorney, an accountant and a prominent Vincentian family business man.
    Who assisted Wise to run from SVG, aboard a flight in an airplane owned and operated by a local airline company, the owner flew him out, with the assistance of a Government minister.
    Everything that I write here is true, and will come out because I have sent all the evidence to the US.

    With regard to Buccament, someone needs to tell the people which Senator had a house built by Harlequin via one of its past contractors.
    I have photos and details.
    Why is Francis at Buccament on a daily if not weekly basis, if not at the resort certainly hanging around locally.
    Who is the ULP who collects free food from Buccament? who is on the take?
    Read what Francis says on front page continued on page 22 of this weeks Searchlight. “The Buccament Bay development is a child of the ULP administration and must be protected from all those who want to bring it down”. On Star radio he said “after hearing so many negatives about the project, I decided to visit the resort to see for himself what is going on” What on earth is he trying to fool us for, he virtually lives there, he knows every intimate detail of the resort. He even instructs the Black Squad when they are required at the resort to quell the wrath of people who have not been paid.
    He goes on to say in the Searchlight “ the Developers have invested $EC400 million into the project“, that is untrue the money invested to date is money taken from individual investors, it is their money. Dave Ames came to SVG pretty well broke, and was a two time bankrupt in the UK. He has claimed to be opening projects all over the World, Buccament is the only one half completed, all investors from all the so called projects all over the world, have had their investment co-mingled with Buccament investors monies without there express permission.
    Ames is required for questioning in Brazil and Thailand among other places.
    Francis goes on to explain how have been paying the contractors, it is the contractors who fail to pay people. That is of course a load of horse shit, people working at the resort are paid late, and in some cases have not been paid for three months. Contractors like Dinky Balcome and Patrick Ferrari have been owed money for up to 12 months. He goes on to explain how quantity surveyors cannot approve payment to contractors because they have not completed sections of their work. More misleading crap to fool the readers
    There are scores of contractors owed money, they just cannot get paid.
    Francis says the Argyle Airport and the Buccament project are linked, because one cannot work without the other.
    We all know that Gonsalves promised Buccament that the International airport would open a couple of years ago, running true to form, Gonsalves lied to Harlequin, he told them what he thought they wanted to hear.

    Francis claims that all this bad talk about the resort is coming from NICE RADIO, its not, its coming from the people that are owed money.

    Just take a look at http://www.harlecon.net

    What we all know is that Francis and Gonsalves are both liars. Francis told us that the airport was being paid for by someone else, that it would cost us nothing, and when its finished the would be no debt left. That was a massive lie. They didn’t even know at the time where funding for the airport was coming from.

    The Francis took US$1 million cash to the bank in a bag and asked for it to be changed into EC dollars, leaving it with the bank , the bank later called him and asked him to collect the US currency, they didn’t change it.

    Whether it is the same money or not, all sorts of ULP hierarchy and their family started to take small and large amounts to the bank.

    TELL US WHERE ONE MILLION IN US DOLLARS CAME FROM, CLEAN MONEY COMES THROUGH A BANK TRANSACTION, NOT CASH IN AN OLD BAG.

    PEOPLE YOU ARE CONTINUALLY BEING FOOLED BY DONKEY DUNG GONSALVES, AND HIS YARD BOY, FRANCIS THE PHILISTINE.

    WAKE UP PEOPLE AND SMELL THE SULPHUR AND DONKEY DUNG.

    Posted by Peter | June 2, 2012, 20:58
  2. So you want a statement on offshore banks? The oxford english dictionary defines offshore banks as…. off shore banking has to do with sending your ta money to another country…although people mistakenly believe offshore banks are located n the grenadines,mr speaker off shore banks can be located in svg…l.o.l
    Mr Speaker the oxford english dictionary defines a resort as….I’m sure everyone would like to visit a resort,and resorts are good for tourism….

    Asking Gonsalves for a satement on anything is usually a mistake,he avoids the subject and goes into some diatribe against the opposition…ask about william wise and he starts taking about Thiery Nano,ask about Buccament and he’ll talk about canouan resorts and how much money that brings in..how he epected buccament to be likewise …and the evil ndp are trying to destroy tourism l.o.l

    Posted by Jahu | June 3, 2012, 02:24
  3. That’s $7 million US dollars

    Posted by Peter | June 3, 2012, 14:29
  4. DID ALL YOU VINCENTIANS KNOW THAT GONSALVES AND THE NIS HAVE WORKED OUT A WAY NOT TO PAY 60% OF ALL VINCENTIAN PENSIONS WHEN YOU RETIRE.

    THE NIS NOW REQUIRE 500 CONTRIBUTIONS TO BE ABLE TO DRAW A PENSION, BEFORE IT WAS 300 CONTRIBUTIONS, THEY CHANGED THE RULES IN THE MIDDLE OF LAST YEAR WITHOUT TELLING US.

    PEOPLE ARE NOW RETIRING AND FINDING THEY HAVE NO PENSION.

    WHY: BECAUSE THE NIS HAVE PUT MILLIONS INTO THE ARGYLE AIRPORT.
    BECAUSE THEY LOST MILLIONS IN BRITISH AMERICAN
    BECAUSE ON THE INSTRUCTION OF GONSALVES THEY HAVE PUT MONEY INTO ALL SORTS OF
    GOVERNMENT SCHEME.

    PEOPLE IN THE DISAPORA, YOU HSAVE SUPPORTED THIS MARXIST SCUM BAG AND HE HAS STABBED YOUR FAMILY IN SVG IN THE BACK, BY ENSURING THEY HAVE NO PENSIONS.

    VINCENTIONS YOU ARE RULED BY ROBIN HOODS COUSIN, ROBBING BARSTUARD, TAKE FROM THE POOR AND GIVE IT TO THE RICH ULP.

    GONSALVES TELL US WHERE THE US ONE MILLION IN CASH CAME FROM.
    TELL US WHERE THE US DOLLARS IN CASH DIVIDED AMONG ULP, FAMILY AND ALL SORTS OF MARXIST SCUM SUPPORTERS CAME FROM.

    PEOPLE CAN’T GET PENSIONS WHILST YOU LOT ARE LAUGHING ALL THE WAY TO THE BANK, NO QUESTIONS ANSWERED.

    Posted by Peter | June 4, 2012, 13:11

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