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Jan 12, 2016

August Tabony Says He is Reconsidering His Investments in Honduras

August Tabony

Tabony is the proprietor of several gift stores in Belize and has also invested in Roatan for decades. He told the media today that the incident has left a bad taste and he is reconsidering his investments in Honduras.

 

August Tabony, Vindicated of Money Laundering

“Today I have a very negative feeling about Roatan. I have a lot of investment there and I would really question going and putting anymore; in fact, I would like to get it out. But I don’t want to dislike the whole country just for the bad treatment I received from the fiscalia or prosecutor. I must say that I was held in the detention in a police station and the people in the police station treated me so good, I didn’t want to leave the police station. But I’m so glad to be back.”

 

Duane Moody

“Sir, do you intend to go back to Roatan given the fact that you have your business there?”

 

August Tabony

“I have no reason not to go back. I have no reason to hang my head in shame. I was charged with a ridiculous crime. Everybody that knows me knows that I’ve worked hard for forty years building these businesses. We even showed that in Belize in 1982 we started the company here and in Roatan it was like fifteen years ago we started and we built from very small—and yes we do good business now. In Roatan we do over a million U.S. a year and here we do around three million U.S. a year. And so sixteen thousand U.S. dollars was not a big deal; yes I should have filed the paper…I do not deny that.”

 

Reporter

“How does this incident affect your business in the other region?”

 

August Tabony

“So far I don’t know. This is the first day I am leaving Roatan and the last six days, I’ve been in detention so I don’t know if I am going to run into any problems with banks saying oh, I have been charged. Yes, I’ve been charged, but I’ve been cleared or I wouldn’t be here.”

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