7 News Belize

Investment Minister Says Puerto Azul Was Non Starter
posted (January 25, 2017)

And speaking in the context of her Investment portfolio, Taegar – Panton distanced herself from the Puerto Azul meltdown.  That supposed eight star resort development near the Blue Hole has been exposed as a straight-up scam, and, now, Taegar – Panton says it was a non-starter:…

Hon. Tracy Taegar-Panton, Minister of State - Econ Dev, Trade & Commerce
"We haven't been involved with that project for a couple of years. I know that they had applied for an environmental impact assessment to be done and a terms of reference was reviewed and that is where the project stopped. There was no direct intervention from the ministry of investment or beltraide for a couple of years now. We've heard somethings on the international media but we all have to wait and see how that plays out and if in fact those things are indeed as they represented. It is unfortunate when we have those kinds of incidents, certainly we try as best as we can to do our due diligence not only through beltraide but also through the FIU and the central bank to ensure that investors that are coming are bonafide and we don't find ourselves in that kind of situation."

Home | Archives | Downloads/Podcasts | Advertise | Contact Us

7 News Belize