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Indea Cartwright

• 1 MIN READ

NASSAU, BAHAMAS – Since the general election the PLP has been in freefall. The list is long. The Eric Gardiner arrest and fallout for the government. The collapse of the electricity grid and blackouts all over the country. The National Investment Fund scandal and questions about how hundreds of millions of dollars are unaccounted for. Then there is the PLP...
Natario McKenzie

• 1 MIN READ

NASSAU, BAHAMAS: A Bahamas-licensed investment fund faces winding-up proceedings in the Supreme Court after the liquidator of a failed Brazilian bank alleged that approximately $1.6 billion was diverted from the bank and its subsidiaries into a corporate structure headed by the Bahamian fund. FAEX Fund Ltd., a Bahamas-incorporated SMART Fund, is the subject of a winding-up petition brought by Banco...
Natario McKenzie

• 1 MIN READ

NASSAU, BAHAMAS: Opposition finance spokesman J. Kwasi Thompson says Fitch’s projection that the Government missed its budgeted fiscal surplus confirms warnings previously raised by the Opposition and the Fiscal Responsibility Council over the state of the country’s finances. Thompson, responding to the ratings agency’s report released last week, pointed specifically to Fitch’s expectation of a 0.5 percent deficit instead of...

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