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PUP Finds Fault With Fortis Compensation
posted (September 1, 2015)
Yesterday we showed you the Prime Minister and the CEO of Fortis Barry Perry after they agreed to a compensation package for government's BEL takeover back in 2011. According to the math we did, government saved itself a few hundred million dollars and it did so without having to pay any interest or damages. But, the PUP issued a statement today blasting the settlement, saying it comes at, quote, "a high cost and a heavy price." While conceding that, quote, "we are glad that a settlement has been arrived" the PUP adds that , quote, "The Prime Minister owes it to Belizeans to immediately and fully disclose the real cost of the seizure of BEL…in real terms - including all the legal costs.. and in particular (those to) Barrow & Co." They conclude, grimly, quote, "History will judge whether Barrow will in fact be absolved, or held culpable." The Opposition will have its say in the house tomorrow when the settlement goes to the house for approval.
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