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Jul 23, 2019

NTUCB speaks on the impact of the Sanctuary Bay scam

The National Trade Union Congress of Belize discussed a number of pressing issues this week, from crime to the recent Sanctuary Bay scam. According to President Marvin Mora, the N.T.U.C.B. has concerns about what happened primarily because it has affected jobs in Belize.  The Federal Trade Commission Report has named sitting members of government as persons who allegedly have knowledge and involvement in the fraudulent development scheme. The N.T.U.C.B. says they will not entertain the pointing of fingers, but acknowledges that for this kind of scam to happen in Belize, it can spell bad business for the country.


Marvin Mora, President, NTUCB

“Our main principal concern is about the workers who ended up getting hurt. We note that because of that scandal, we ended up losing a bank that had employment and those people are without a job. That is a very unfortunate result of corruption in the very highest echelons of our society because we have this type of situation where there are certain organizations that are responsible for monitoring this type of white collar crime and they have not been able to do that effectively. That failure translated in families losing income. For the NTUCB that is the biggest concern of the day, that these kinds of situations have a tremendous impact on the families and the economy of our country.”


Andrea Polanco

“The FTC’s very own report – we know that locally the Prime Minister has denied any involvement or any knowledge of this?”


Marvin Mora

Marvin Mora

“The NTUCB is not going to entertain any level of finger pointing as it were, however, it is concerning to us that this kind of situation is being played out in our society mainly because of the international black eye that this has on our country. This also has a negative impact on people who want to invest in our country. As you know, Belize can’t really depend on what it produces so we have to attract some level international investment so that we can make our economy a little more robust. So, that is the concern that the NTUCB has because that definitely has an impact on us as Belizeans as well when we travel. So, these are the little things that we have discussed. The people who may or may not be behind this – well there is the law and at the end of the day the law has its role to play and we should allow the law to do that.”

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.

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