Bahamas Press has learned that the nation’s insurance giant is in serious financial problem as it now faces multiple lawsuits by former employees fired from the company. A spokespersons for the dismissed executives told Bahamas Press that “ColinaImperial is on the verge of collapse and if the government does not quickly step to monitor the situation, ColinaImperial will become the next ENRON right here in The Bahamas.” During the collapse of ENRON, millions of US workers lost their entire pensions savings with the fall of the company.
Bahamas Press has also learned that ColinaImperial’s buyout of the Bahamian media (THE GUARDIAN, TRIBUNE and Freeport News) has left a quiet in the country, as this CRISIS evolves. None of the dailies published the recent ‘bloodbath’ which took place at the company some weeks ago, where the executive management team was removed from the leadership of ColinaImperial.
Bahamas Press has also learned that ColinaImperial has bought two political figures in the country whom will oversee the collapse and loss of over 100,000 policy holder’s money right here in The Bahamas.
Bahamas Press stands by the fact ColinaImperal’s boss Manny Alexiou has Hubert Ingraham Prime Minister of The Bahamas as one of several politicians in his pocket, serving as a longtime benefactor to the PM.
Their incestuous relationship with the FNM party is no strange thing in Bahamian politics, which goes back beyond Hubert Ingraham’s political rise in 1992. At a rally on Grand Bahama in June of 1990, Hubert Ingraham confirmed his political love affair with Manny Alexiou as he attacked Sir Lynden’s policies on the Immovable Property Act. An Act which protected land and its prices for future Bahamian families. Hubert ‘MR SELLOUT OF BAHAMIAN LAND’ Ingraham had this to say at that rally as he delivered:
“We will repeal The Immovable Property Act and replace it with a more sensible considered and less frightening regulatory agency with clearly enunciated rules which are not subject to be applied unfavourably if the applicant chooses the wrong lawyer. I CITE SPANISH CAY IN THE COOPER’S TOWN CONSTITUENCY. SIR LYNDEN PINDLING KNOWS WHAT I MEAN. AND SO DOES LAWYER EMMANUEL ALEXIOU! ” Ingraham was recorded as saying.
Since Hubert Ingraham changed that policy after his win in 1992, young Bahamians can now all feel the fact that land for them is out of reach in the Bahamas! Thanks to the Ingraham & Alexiou connection. Stay tuned as there is more to this story!