Wednesday, August 28, 2024

THE PRIME MINISTER OF SAINT KITTS DANCES AROUND THE TRUTH ABOUT HIS COUNTRY'S BILLION DOLLAR CITIZENSHIP BY INVESTMENT SCANDAL





The Prime Minister of Saint Kitts and Nevis, TERRANCE DREW, when asked direct questions this week, during an interview conducted by local media, dissembled and deceived on details of the CBI/CIP Prison Project, in which close to a billion US Dollars from illegally-discounted economic citizenship sales funds was diverted to China. He failed to admit that no escrow account was required by the Timothy Harris administration for the jail project and that Caribbean Galaxy Real Estate Limited received the money in Asia without any government control. Drew falsely claimed, in response to a direct question from the interviewer, that an escrow account existed for the project. He said that no major construction on the jail is under way presently, because the government is looking at the nature of how the contract was given to Galaxy.

He stated that a Government inquiry was in process, but was vague about any details. He did admit that some funds had been received to date, but that more funds still needed to be received. He did not detail how Saint Kitts expected to recover the balance of those funds, seemingly passing the responsibility for the matter of collection to the country's Attorney General, Garth Wilkin. While he admitted that that the prison project cost was projected to be $40-60m, Drew evaded giving a direct answer, when pressed to explain why the Harris administration gave Galaxy 5,500 shares at $175 k, resulting in almost $1bn worth of passport money. He repeatedly claimed that the Government was "distilling" the information, an ambiguous phrase which he failed to further explain or define.

MSR Media, one of the stakeholders in the St. Kitts CIP Project, is suing a number of individuals and entities for $150m, alleging fraud, money laundering and corruption, in civil RICO litigation in Federal Court in the United States regarding the prison project.The case has roiled the economic passport industry throughout the region, as allegations of rampant illegally-discounted passport sales in other East Caribbean states that offer similar programs have surfaced.

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