Statement by Opposition Leader, The Hon. Dr. Hubert A. Minnis on the BTC Deal January 23, 2014 Last night’s press conference was nothing short of a national embarrassment. After promising, on the campaign trail, to regain the majority of the shares in BTC, the Prime Minister tried to create the illusion that he has delivered a New Deal. This is nothing short of deception of the Bahamian People. We have gotten nothing new out of this arrangement. The Prime Minister was right to hold his head down during the press conference yesterday because it was shameful for the Prime Minister to pretend that the Bahamian people own an entity that is not vested in the treasurer of the Bahamas and whose proceeds are not deposited into the consolidated fund. There has been no change in ownership and no transfer of shares to the Bahamian people. The Prime Minister sheepishly announced that he has struck a deal to regain “majority economic interest” in BTC, not the majority of directors on the board, not the majority of the control of management. This is nothing less than a Shameful and cynical betrayal of his campaign promise to the Bahamian People where he made majority ownership of BTC a major campaign issue. Previously Senator Frank Smith stood up in the senate and said that BTC (meaning Cable & Wireless) had “financially raped the Bahamas”. The lead negotiator, Franklyn Wilson, also claimed that there was evidence that the FNM made “a bad deal”. If the FNM made a “bad deal” Christie has now made an even worse deal. Now, for the PLP, there has been a change of heart and CWC are now trustworthy. What they did not admit was that the FNM got it right in the first place. Their so-called new deal is nothing less than full confirmation of the integrity of the FNM’s position
Posted on: Thu, 23 Jan 2014 19:51:40 +0000
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