Was BEC generator purchase a Bad Deal Mr. INGRAHAM?
Bradley B. Roberts
Progressive Liberal Party
Former Prime Minister Hubert Ingraham’s ill-advised comments on the Baha Mar bankruptcy process prove yet again that failing to stand up for Bahamians and the sovereignty of The Bahamas must be endemic in the FNM. When faced with the decision to stand up for The Bahamas, the leadership of the FNM always waffles and struggles on this score.
BAHAMIANS SAW THIS WITH THE RECENT TRAVEL ADVISORY ISSUED TO BAHAMIANS TRAVELLING TO CERTAIN US CITIES AND THE ATTACK ON THE INDEPENDENCE OF THE PARLIAMENT; IN EACH CASE THE FNM JUST STRUGGLED AND WAFFLED WITH THE PRINCIPLE OF SOVEREIGNTY AND INDEPENDENCE.
The decision of the Christie administration to oppose the subjugation of our sovereign jurisdiction to a foreign one, reducing our judiciary to a rubber stamp was a matter of sovereignty and we stand behind the government on this policy decision.
Further, the presiding judge in the Delaware bankruptcy court and the Bahamas Supreme Court agreed with each other and the government of The Bahamas. What Hubert Ingraham is suggesting in the media sets a dangerous precedent and it will undermine the sovereignty of The Bahamas if he or the FNM have their way in the governance of the country. Ingraham’s conflict is really with the Bahamas courts as NO decision regarding Baha Mar is made without the approval of the Bahamas Supreme Court, but he deceitfully misleads Bahamians on the Baha Mar issue.
HUBERT INGRAHAM IS DEAD WRONG ON BAHA MAR…AND HIS VIEWS ARE DANGEROUS TO OUR SOVEREIGNTY!!
Since Hubert Ingraham is in such a talkative mood these days, he is cordially invited to explain to the Bahamian people how and why he gave BTC away for peanuts and at a fire sale price. To add insult to injury it was later discovered that he left fifty nine B$ 59,000,000 million in BTC’s bank account to be turned over to its new owner; resulting in a gift to C&W. That same BTC became the most valuable and profitable strategic Business Unit (SBU) in the CWC asset portfolio and greatly influenced the huge sales price of CWC to Liberty Communications for literally billions of dollars a short time later.
While Ingraham is at it, he should also explain the reasons for his decision to reverse the decision of his duly appointed BEC Board on the infamous contract to purchase generators. Ingraham’s cabinet rejected the South Korea company in favour of French energy giant Alstrom in light of the troublesome DA 11 generator purchased by BEC from that very same company earlier. Many Bahamians still believe that there is a connection between the international bribery scandal and the actions of the Ingraham cabinet, but Ingraham has an opportunity to clarify all of this for the Bahamian people.
The forensic audit of the National Insurance Board revealed that Mr. Ingraham’s interactions with that fund violated the National Insurance Act and attendant regulations as his actions undermined the authority of the duly elected board. Board members and even his cabinet ministers openly stated that they were unaware of decisions that were made at NIB under the watch of the FNM but Mr. Ingraham never denied knowledge of the same.
Not only is Ingraham failing to stand up for the Bahamas, his record of governance and his terrible policy decisions do not cause for REAL PROGRESS, but have set this country back many years.