Did China assess Baha Mar?

EDITOR - The Tribune.

This past week, there were a lot of articles concerning Baha Mar – a lot of speculation and conjectures and I was wondering whether the government of The People’s Republic of China might have carried out an investigation as to why Baha Mar applied for protection under US Chapter 11 and subsequently applied to the Courts of The Bahamas for ratification of the US Chapter 11 Petition seeing that Baha Mar had presumably borrowed enough to cover everything?

$2.25 billion is a lot of money which EXIM loaned and one presumes the application took into consideration what was needed to complete the project and even open the project.

My question is - Did the Central Government of The People’s Republic of China carry out an investigative examination of what went wrong and what did they find?

I suggest the publication of a report of this kind would go a long way to bring more openness to the issues prevailing.

Mr Ambassador, we look forward to you releasing this report and confirm whatever action, if any, has transpired in China on whatever was found?

L SIMMONS

Nassau,

February 26, 2016.

Comments

marrcus says...

Posted 1 April 2016, 6:17 a.m. Suggest removal

marrcus says...

"Ok so Steve Mckinney just reported that CCA owns Bahamar.....yes ppl the Chinese Construction Company.the SAME one in that owns the HILTON.....they are the "NEW OWNERS". And he goes on to say the Chinese has demanded a list of FIFTEEN things of which 13 sign off already. Some we have already heard like they don't want to pay custom duty, no VAT no casino tax, they are demanding 500 BAHAMIAN citizenships for 500 CHINESE BILLIONAIRES. But wait for it guys....they have demanded 1200 NEW WORK PERMITS for Chinese workers AND....are you listening AND half of the THREE HUNDRED plus MILLION it will take to finish BAHAMAR. Yes ppl they not only want tax exemptions, work permits and citizenshipssss...
They want us to pay to be GOOSIED. Let's pray Steve Mckinney is wrong...oh yeah it was also mentioned that the Chinese has been given A BAHAMIAN island off Acklins to harvest Cascarilla tree/bark.. the thing used in perfumes. And YUP you guessed it NO BAHAMIANS ALLOWED!!! But we still believe in YOU though...mmmm "

Posted 20 June 2016, 1:53 p.m. Suggest removal

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