7 News Belize

PUP Calls BTL Takeover "Expropriation"
posted (August 27, 2009)

Last night we asked why the PUP had not issued an official position on the takeover of BTL – which is just about the biggest official thing to happen since Independence. Well this evening – 80 hours after the legislation was passed we heard from the opposition. The statement calls the acquisition an expropriation and states that, “In Belize the right of citizens to own or to hold private property is a hallmark of our democracy....” and “(the move) has already started to raise the level of uncertainty and will affect the investment climate and further erode investor confidence.”

And it adds that, “the immediate actions of the government to appoint an interim board of Directors which includes his son, his ex-wife and others closely related to his inner circle is a clear indication that the motives of the Prime Minister is purely political.” 

And for good measure, the release alleges – without offering any details that, quote, “Since the appointment of this new board, several members of the Belize Telemedia staff have been fired.” Chairman Nestor Vasquez this evening flatly refuted that telling us that quote, “not a single person has been fired.”

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