SAINT KITTS AND THE BOULEVARD OF BROKEN DREAMS; RAMADA CLOSED AND ABANDONED BY CARIBBEAN GALAXY, WHICH TOOK PASSPORTS AND CASH AND LEFT

Kittitians are reporting that the RAMADA BY WYNDHAM ST. KITTS RESORT, a Caribbean Galaxy Group property, has been abandoned, and is closed and deserted. Travel websites describe "PERMANENTLY CLOSED." Galaxy, which diverted an estimated two billion (USD$2bn) dollars out of the SKN Citizenship by Investment (CBI) passport sales program, sold thousands of passports, without due diligence qualification, to dodgy Chinese buyers, some of whom have been arrested in the United States and elsewhere, for fraud, money laundering and industrial espionage, after liberally spreading bribes and kickbacks among Saint Kitts most senior politicians. 

The promised extensive employment of locals never materialized, and hotel guests stopped coming when water was turned off, and hotel services disappeared.There are areas of the country dotted with the corpses of incomplete building construction shells, some showing no more than the foundation, all failed CBI projects that were supposed to bring prosperity to the Eastern Caribbean state. In some districts, they resemble bombed-out remnants of some forgotten war. The local Labour government, satiated with the proceeds of corruption, will do nothing to bring the executives from the now absent Chinese-owned CARIBBEAN GALAXY GROUP to justice.

The losers here are clearly the people of Saint Kitts, who were promised that the CBI program would increase their standard of living, bring a rush of foreign tourists to the island, and make the place a favored destination, due to the completion of upscale resorts and hotels. Instead, infected from the start by millions in bribes and kickbacks paid to local leaders, it has been an utter failure, and an abject lesson for all jurisdictions that believe that CBI will be the answer to funding their dysfunctional, bloated economies, by delivering the proverbial pot of gold to their treasuries.

Here, CBI = fraud, money laundering and corruption, and constitutes an utter failure for the people it was intended to benefit, thanks to Chinese companies stealing its funding, providing passports for international criminals, and taking the money to Hong Kong, all facilitated by the national leadership.