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Sep 15, 2020

What’s the Fate of Net Vasquez?

Net Vasquez

The C.E.O. on the office of the Prime Minister, Audrey Wallace who is also a member of the B.T.L. Board is leading the investigation in the B.T.L. Chairman, Net Vasquez who is also the owner of Channel 7. Vasquez is a consummate U.D.P. insider who has enjoyed privileged appointments to many boards over the life of the U.D.P., going back to the days of former PM Manuel Esquivel to the current administration of Dean Barrow. But tonight there is some anticipation that Vasquez may be stepping down from the B.T.L. Board though he also is also sits on the Integrity Commission and is Chairman of the Investment Committee of the S.S.B.   Vasquez is being accused of missing the B.T.L. corporate Credit Card and there other allegations of conflict. Here is an update from Isani Cayetano.


Isani Cayetano, Reporting

B.T.L. Chairman Nestor Vasquez was reappointed to the Integrity Commission in May 2019, joining a seven-member taskforce to investigate declared statements of assets and liabilities for persons in public life, particularly for elected officials.  Tonight, the fate of the national telephone company’s presiding officer hangs in the balance as Vasquez is being investigated on allegations that he improperly used B.T.L. funds for personal expenses.  It is reported that on multiple occasions, Vasquez used Telemedia’s corporate credit card to cover debts that he incurred, racking up almost half a million dollars in deferred payments over the years.  It is also alleged that advance payments made on a two-year contract signed with his television broadcasting company, Channel Seven.  The purported actions of the perennial B.T.L. chairman are a stark contrast to the oath he was administered when sworn-in as a member of the Integrity Commission two years ago.  Among other allegations made against Vasquez is the transfer of company assets into his name, in this case a vehicle which belongs to B.T.L. that was passed on to an individual who is not employed by the company.  Vasquez took control of the day-to-day operations of B.T.L. in 2009 when government compulsorily acquired the utility company.  Notwithstanding a complete investigation into the charges being brought against Vasquez, it is unclear whether he will be stepping down in the days ahead.  On Monday evening, a brief statement was released by the company, however, those tasked with investigating the chairman have been rather tightlipped.


Today, Wallace said that no comment will be offered until the investigation has been completed.

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