Belize - Belize News - - Great Belize Productions - Belize Breaking News
Home » Economy, Featured, Miscellaneous, People & Places » Is G.O.B. Handing Over a Blank Cheque in B.T.L. Settlement?
Sep 16, 2015

Is G.O.B. Handing Over a Blank Cheque in B.T.L. Settlement?

The settlement of the Belize Telemedia Limited nationalization with the Ashcroft Group was signed on September eleventh, taken before Cabinet on September fourteenth…to the House on September fifteenth and today it was before the Senate. That body was asked to give the green light to the supplementary appropriation of one hundred and sixty-two million in the first instance. That money is compensation for the nationalization of B.T.L. and payment of a long outstanding loan to British Caribbean Bank owed by B.T.L.  But the Senate is also being asked to approve an unspecified additional amount which will be determined by an international arbitration panel that is currently assessing share value of B.T.L.  And that’s a definite sticking point.


Mark Lizarraga

Mark Lizarraga, Senator, Private Sector

“This indecent proposal before us today, Mr. President, has gone way too far and is now clearly the full blown cancer the CCJ talked about. This blank check that we agreed to give government today; that we will agree to pay the Ashcroft Alliance, has we don’t ever been attempted in our history. Nowhere, Mister President, is it written that the legislation has the power, the right, the authority, to give the Executive a blank cheque to be used potentially for a commitment of this size. The law, Mister President, does not and has never sought to tie the hands of the Executive. The Finance and Audit Reform Act is very clear, the gambit of permissions allowed to the Executive in spending and borrowing of the people’s money. But this proposal, this indecent proposal, we say, supplementary goes beyond that. Mister President it is clearly in our belief contrary to the Constitution.”

Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

3 Responses for “Is G.O.B. Handing Over a Blank Cheque in B.T.L. Settlement?”

  1. Prig Minister of Belize, Ali BaBarrow says:

    A blank cheque, with the 40 thieves getting a percentage. As it should be, in the benevolence of Ali, master of gibnuts.

  2. Santa Elena says:

    Give back Ashcroft btl and use that blank check to buy some weapons for d military so we don’t have to kneel to guatemala anytime they bark at us. Give the military a chance to defend themselves and d country instead of leaving them out there like sitting ducks.

  3. Bdf says:

    @ santa elena. U are so correct if u knew the truth of what our soldiers have to stand you or anybody would realize what politics is doing to our land

You must be logged in to post a comment Login