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Oct 20, 2016

Time to Audit Petrocaribe and Belize Infrastructure Limited, Says P.U.P.

John Briceño

And while we are on it – Briceño says bring on the audit for the Petro Caribe funds and the Belize Infrastructure Limited. He says that he believes that the monies must be accounted for and proper records for contracts and bidding should be open. This call comes in the wake of persistent speculations that Petro Caribe monies have been squandered.


John Briceño, P.U.P. Leader

“It is also time to have an audit be done with the Petro Caribe funds. Over three hundred and seventy-five million dollars have been spent and in many instances millions and millions of dollars have been squandered. Many people believe that this was the way – the allegations are that these funds were some way used to be able to have funds for the campaign. We don’t have the evidence. That is why it is important for us to have a full and thorough investigation as to how the monies from Petro Caribe has been spent. But we can’t stop there. We also have to look at BIL; that is the Belize Infrastructure Limited. We also believe that the Government deliberately set up this company so that it doesn’t all under the purview of the Government, so that they could funnel monies there and they could supposedly could quickly expedite the approval of projects. But we know that a lot of U.D.P. cronies have gotten budgets in some cases in the millions of dollars without the proper vetting, without the proper tendering and we need to get to the bottom of this.”

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