Caribbean watches are focusing upon Grenada of late; the status of its CBI programs have taken a beating recently, in the aftermath of the Grenada Sustainable Aquaculture fiasco, which remains unbuilt, notwithstanding the investment of an estimated eighteen million dollars in the project. rumors that Government will soon bring criminal charges against GSA project CEO Soren Dawody have surfaced in the last two months. When will Grenada act against Dawody, whose failure to honor investor requests for reimbursement, has gone unanswered ?
Apparently, the negative press about the GSA scandal has affected sales status of a number of pending Grenada CSI-real estate linked projects, the most prominent of which is being built by Range Development, a regional CBI developer who has finished projects in St Kitts and in Dominica. If Grenada fails to act swiftly, investors and CBI passport applicants will surely seek out other East Caribbean states who have CBI programs, so criminal charges are likely.