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Jan 12, 2017

P.M. to blame for arbitration judgments, says P.U.P.

Kareem Musa

Three separate arbitration awards, given to Belize Social Development Limited; Caribbean Investment Holdings Limited and Newco Limited totaling up to one hundred and twenty million Belize dollars including interest, have the Government in a serious headache. While G.O.B. has steadfastly resisted paying the awards, which they call the fruit of P.U.P. corruption, they are not going away, and Belize’s assets in the United States are under threat. Attorney Kareem Musa says that not paying them will have consequences and that the Prime Minister’s course of action has been reckless and emotional – and also a calculated gamble paying off for his intimates.

 

Kareem Musa, Attorney

“As I understand it, the Government has once again reached the end of the road and on another one of these matters that has gone litigation, after litigation, after litigation; interest after interest after interest. And if I am not mistaken, the figure now is above one hundred million dollars for three cases wrapped up in one, for matters that started from 2008. So, we are looking at eight years and so no doubt a substantial portion of that judgment is interest. Now, the decision of the Prime Minister, I believe, is absolutely reckless. I am no fan of Michael Ashcroft at all. I believe these matters should have been settled a long time ago, though. I would be the first jump up and say emotionally and nationally that we should not pay Michael Ashcroft. But not paying Michael Ashcroft has its consequences and as we can see, the Prime Minister, in his wisdom as the leader of our nation, has taken us down the path of taking away assets from individuals – dragging it on – so what he does is take, take, litigate, litigate, and we end up paying; so we are at the pay, pay stage. And when you look at the individuals who have benefitted from this strategy of the Prime Minister, it is just his family. It is his family that is involved in all these litigations – millions and millions costing us. When he knows as the Prime Minister of this country – when you take someone’s asset you must pay for it. And so, while I don’t know the exact break down of the figures, I know that a substantial portion of it will be legal fees again and a substantial portion of it will be interest again. And if he does not want to pay there are consequences for us a nation. I mean, foreign direct investment has taken a direct hit over the last eight years. So, there are different consequences that we face as a nation and he has to really consider what he says and what he does; even though he is trying to once again blame the P.U.P.  That is all he does – that his only game plan but now I think the people of the country are seeing through that. They see who all are benefitting from his actions and it is only his family and at the end of the day the Belizean people are footing the bill; that is what now everybody is realizing.”

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1 Response for “P.M. to blame for arbitration judgments, says P.U.P.”

  1. Marcos says:

    Barrow is doing exactly what Gaspar Vega was doing with lands, only that Barrow is doing it with other people’s assets and court cases. Both are only enriching their families with the country’s money.

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