Selling out to China ....will 'disrupt the sovereignty of the country' way more than a bankruptcy ever could...Christie has a lot to answer for yet he stays mute.
How the Bahamas Handed Over Control of a National Dream to the Chinese Imagine spending a lifetime planning and dreaming and finally starting to build your dream home. You spend years building it, battling contractors and obsessing over every detail. But you finally get to the finish line. You’re down to the finishing touches when your contractors walk off the job and the town takes away your building permit. More....http://www.travelpulse.com/opin…
nassau, Bahamas, Oct. 25, 2016 /PRNewswire/ -- BMD Holdings Ltd. today reported that it has sent the following letter to President Liu Liange of The Export-Import Bank of China ("CEXIM") regarding the fact it has not received a response to its superior proposal to buy The Baha Mar Resort from CEXIM's Perfect Luck Holding Limited special purpose vehicle.
The letter is as follows:
October 24, 2016
Mr. Liu Liange Vice Chairman, President The Export-Import Bank of China No. 30, Fu Xing Men Nei Street, Xicheng District Beijing, China 100031
Dear President Liu,
I sent you two weeks ago today a bona fide proposal to buy Baha Mar at a price superior to any offer "Perfect Luck" or CEXIM has received. As part of my offer, I also made clear that this proposal to acquire Baha Mar would result in, among other benefits, all substantiated Bahamian creditors being paid in full and all Baha Mar employees - both Bahamians and expats - being paid the monies they are owed. Bizarrely, CEXIM has not acknowledged receipt of my proposal, nor has anyone associated with either the bank, the Receivers, or "Perfect Luck", made contact with us.
It makes neither economic sense nor is it in the best interests for the future of Baha Mar, or The Bahamas, that not one of these related parties have engaged with us to discuss our proposal. It is indeed "extraordinary" that the entire sale to "Perfect Luck" has been an intricate fabrication. The fact that the Receivers were not able to find an arm's length buyer has nothing to do with the quality of the asset and everything to do with a process where bidders were not given information, and were forbidden to meet with stakeholders or to discuss the status of construction with any of the relevant parties. The fact that the Bahamian court signed off on the sale does not mean that a comprehensive and inclusive process was followed. It only means that your lawyers were able to craft a story sufficiently plausible for the bank to sell Baha Mar to itself and conduct a further sale of Baha Mar in even more secrecy.
Fire all the MP's that have not declared their income and not paid property tax or other Gov. fees. They are not worthy to represent the people if they steal from them.
They must publicly post expense reports after every government oversea business trip i.e. cost of first class BA tickets, limos and Savoy Hotel etc.And say 'why they had to go on the trip' and the outcome and what good will it be to the nation.
Investigate any MP that has had massive fraud take place under their portfolio, do a forensic audit and prosecute anyone found to be stealing to the fullest extent of the law.
The only one making this 'political' is the PM in this outburst, he needs to get priorities in order and FAST, before he f#@&'s up everything.
This has been an awful reaction to a hurricane, in the lead up...He had the trees trimmed in front of his home and the last photo of PM he was seen praying!? and his response in the aftermath is flying around the islands for photo ops. (not taking aid on the planes?) and stuff like this press statement^.....it is pathetic.
icij publishes leaked bahamas info to offshore database The cache of documents from the island nation’s corporate registry provides names of directors and some owners of more than 175,000 Bahamian companies, trusts and foundations registered between 1990 and early 2016.
And it would be nice of her to Share more, like what really went on in all those Baha Mar and China meetings? Do they even do 'minutes of the meetings' cost of flights, hotels, limos, expense account info?
If she has any offshore accounts in other jurisdictions? A lot of people talking about this in other nations #BahamasLeaks http://www.transparencyinternational.eu…
How much her family actually invested in Baha Mar 'if anything' ?
Finder's / introduction fee agreements? Always wondered if that's the Nations money or the individual that works for the Nation?
Yep, a nation traumatized by child abuse and the mental chains of slavery...Bahamians confuse abuse with love. Think 'someone else' (Massa, Government etc) will fix all the woes in life. Don't seem to know THEY are the ones with the true POWER.
jus2cents says...
They should also make a list of the people who have been Granted crown land!
Starting with politicians and their families in the out islands i.e. Cat Island.
This will be more telling,
On NGO targeting Crown Land legal challenge
Posted 28 November 2016, 5:31 p.m. Suggest removal
jus2cents says...
Selling out to China ....will 'disrupt the sovereignty of the country' way more than a bankruptcy ever could...Christie has a lot to answer for yet he stays mute.
How the Bahamas Handed Over Control of a National Dream to the Chinese
Imagine spending a lifetime planning and dreaming and finally starting to build your dream home. You spend years building it, battling contractors and obsessing over every detail. But you finally get to the finish line.
You’re down to the finishing touches when your contractors walk off the job and the town takes away your building permit.
More....http://www.travelpulse.com/opin…
On ‘Baha Mar sale is a fabrication’
Posted 26 October 2016, 3:17 p.m. Suggest removal
jus2cents says...
A reminder-
nassau, Bahamas, Oct. 25, 2016 /PRNewswire/ -- BMD Holdings Ltd. today reported that it has sent the following letter to President Liu Liange of The Export-Import Bank of China ("CEXIM") regarding the fact it has not received a response to its superior proposal to buy The Baha Mar Resort from CEXIM's Perfect Luck Holding Limited special purpose vehicle.
The letter is as follows:
October 24, 2016
Mr. Liu Liange
Vice Chairman, President
The Export-Import Bank of China
No. 30, Fu Xing Men Nei Street, Xicheng District
Beijing, China 100031
Dear President Liu,
I sent you two weeks ago today a bona fide proposal to buy Baha Mar at a price superior to any offer "Perfect Luck" or CEXIM has received. As part of my offer, I also made clear that this proposal to acquire Baha Mar would result in, among other benefits, all substantiated Bahamian creditors being paid in full and all Baha Mar employees - both Bahamians and expats - being paid the monies they are owed. Bizarrely, CEXIM has not acknowledged receipt of my proposal, nor has anyone associated with either the bank, the Receivers, or "Perfect Luck", made contact with us.
It makes neither economic sense nor is it in the best interests for the future of Baha Mar, or The Bahamas, that not one of these related parties have engaged with us to discuss our proposal. It is indeed "extraordinary" that the entire sale to "Perfect Luck" has been an intricate fabrication. The fact that the Receivers were not able to find an arm's length buyer has nothing to do with the quality of the asset and everything to do with a process where bidders were not given information, and were forbidden to meet with stakeholders or to discuss the status of construction with any of the relevant parties. The fact that the Bahamian court signed off on the sale does not mean that a comprehensive and inclusive process was followed. It only means that your lawyers were able to craft a story sufficiently plausible for the bank to sell Baha Mar to itself and conduct a further sale of Baha Mar in even more secrecy.
Read more here....
http://www.prnewswire.com/news-releases…
On Call for clarity on Baha Mar
Posted 25 October 2016, 12:38 p.m. Suggest removal
jus2cents says...
Forget the Tax issue it is obvious the Bahamian people have been royally shafted again, this PLP / China free for all must stop.
We really need some serious independent forensic investigations of all the Bahamas Ministers PLP and FNM.
And investigate the China Export-Import Bank's dealings in other jurisdictions, guarantee we will see a pattern.
On Call for clarity on Baha Mar
Posted 25 October 2016, 12:29 p.m. Suggest removal
jus2cents says...
Fire all the MP's that have not declared their income and not paid property tax or other Gov. fees. They are not worthy to represent the people if they steal from them.
They must publicly post expense reports after every government oversea business trip i.e. cost of first class BA tickets, limos and Savoy Hotel etc.And say 'why they had to go on the trip' and the outcome and what good will it be to the nation.
Investigate any MP that has had massive fraud take place under their portfolio, do a forensic audit and prosecute anyone found to be stealing to the fullest extent of the law.
On A YOUNG MAN'S VIEW: Let me suggest how you pay for hurricane recovery, Mr Christie
Posted 21 October 2016, 4:07 p.m. Suggest removal
jus2cents says...
The only one making this 'political' is the PM in this outburst, he needs to get priorities in order and FAST, before he f#@&'s up everything.
This has been an awful reaction to a hurricane, in the lead up...He had the trees trimmed in front of his home and the last photo of PM he was seen praying!? and his response in the aftermath is flying around the islands for photo ops. (not taking aid on the planes?) and stuff like this press statement^.....it is pathetic.
Was he even on the island when the hurricane hit?
On PM denounces criticism by FNM leader as ‘idiotic’
Posted 14 October 2016, 11:47 a.m. Suggest removal
jus2cents says...
The whole country and everyone living here needs this to happen! It will boost the economy, he can get this done and fast.
On Izmirlian: I’ll pay more to buy back Baha Mar
Posted 14 October 2016, 11:19 a.m. Suggest removal
jus2cents says...
icij publishes leaked bahamas info to offshore database
The cache of documents from the island nation’s corporate registry provides names of directors and some owners of more than 175,000 Bahamian companies, trusts and foundations registered between 1990 and early 2016.
https://www.icij.org/blog/2016/09/icij-…
On Bahamas targeting 2017 start on auto tax exchange talks
Posted 26 September 2016, 4:38 p.m. Suggest removal
jus2cents says...
And it would be nice of her to Share more, like what really went on in all those Baha Mar and China meetings? Do they even do 'minutes of the meetings' cost of flights, hotels, limos, expense account info?
If she has any offshore accounts in other jurisdictions? A lot of people talking about this in other nations #BahamasLeaks http://www.transparencyinternational.eu…
How much her family actually invested in Baha Mar 'if anything' ?
Finder's / introduction fee agreements? Always wondered if that's the Nations money or the individual that works for the Nation?
A lot of unanswered questions.
On Attorney General denies business interest conflict over Sandals
Posted 26 September 2016, 4:32 p.m. Suggest removal
jus2cents says...
Yep, a nation traumatized by child abuse and the mental chains of slavery...Bahamians confuse abuse with love.
Think 'someone else' (Massa, Government etc) will fix all the woes in life.
Don't seem to know THEY are the ones with the true POWER.
On Attorney General denies business interest conflict over Sandals
Posted 26 September 2016, 4:16 p.m. Suggest removal