Is the Port Of Belize about to fall into receivership - and under the control of the Belize Bank?
That's been the buzz all week - but in this case, while rumour abounds, fact has been hard to come by.
Today's Guardian reports that agents of the Ashcroft Alliance have twice tried to serve the Private Port's Ownership with a letter of receivership - and that they have twice been resisted, turned back at the gates.
Well, 7news has confirmed that The Luke Espat Group remains in control and possession of the Port of Belize, for the time being at least.
What will happen next is unclear, but it is apparent that he and the Alliance are at daggers drawn.
What we do know is that it is the sovereign port and Government has been apprised of the situation. Sources in government tell us that there is a serious dispute and there was an attempt to send inspectors to assess the worthiness of the Port.
On the condition of anonymity, one source says there is a standoff - and the ownership maintains that the Port of Belize is not delinquent in its commitments to the bank.
As far as we could determine, at this time, no receiver has been appointed, or activated.
Still, as we said, facts are hard to come by in this one, and the situation - or as the case may be - the standoff, bears close scrutiny because the Port of Belize is considered Belize's sovereign Port and if it were to come under the control of the Ashcroft Alliance, we imagine that would be cause for some concern in government.
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