{"id":18582,"date":"2018-08-09T07:02:49","date_gmt":"2018-08-09T11:02:49","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=18582"},"modified":"2018-08-09T07:02:49","modified_gmt":"2018-08-09T11:02:49","slug":"commentary-calamitous-affair-of-an-antiguan-billionaire","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/","title":{"rendered":"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

RAWLSTON POMPEY<\/p>

\"\"<\/a><\/div>\n

As indigent populations seek opportunities to escape the \u2018…unceasing miseries; …frustration and despair, associated with social ills, blamed on poverty,\u2019 people of \u2018mega financial means,\u2019 though living luxurious lives, also seek places to live in solitude or quietude. Contrastingly, while the indigent struggled, the financially-able, are well-positioned to enjoy the finer things in life. The people\u2019s mandate to those elected to conduct the affairs of State includes alia, \u2018…embarking upon economic initiatives,<\/strong> capable of empowering and serving the common good and national interests. There shall be adequacy of resources to ensure that the citizenry enjoy a better quality of life. It was for these reasons the \u2018…Citizenship by Investment Programme (CIP)\u2019 had been initiated. Described as controversial, its sole objective has been \u2018…Revenue Generation.\u2019 From the perspective of its implementation, those concerned with its operations know that \u2018…wealthy people desirous of a new nationality,\u2019 shall past the litmus test of eligibility.<\/p>\n

PERSPECTIVE<\/p>

\"\"<\/a><\/div>
\"\"<\/a><\/div>\n

This commentary primarily looks at background to the calamitous affair and position of Indian\/Antiguan billionaire Mehul Chinubhai Choksi, as they affect; (i) …Citizenship; (ii) …possibility of revocation of national status; and (iii) …Extradition to India.\u2019 Through \u2018…Letters of Understanding,\u2019 he allegedly defrauded the State-owned Punjab National Bank of US$2 billion [Times of India: June 13, 2018]. Indian authorities have provided an understanding of the workings of the \u2018…State-run financial lending institution and \u2018…Letters of Undertaking (LoUs).\u2019 Though monetarily valueless, they are issued to customers as a \u2018…Form of Guarantee to persons for availing short term credit from the overseas branch of Indian Banks\u2019 [Wikipedia]. Such \u2018LoUs\u2019 are used solely for business or trade transactions. Indian-owned and operated business enterprises and traders may obtain loans by applying and presenting the \u2018LoUs\u2019 to overseas Indian Banks. The \u2018…Punjab National Bank\u2019 act as guarantor.<\/p>

\"\"<\/a><\/div>\n

FUGITIVE FROM JUSTICE<\/p>\n

When a crime was alleged to have been committed, someone would have seen or known something about it.\u2019 Once an individual spoke, then the whole world knows. Besides, \u2018some damning circumstances always exist\u2019 to lead investigators to the perpetrator or perpetrators. Relate this to an alleged \u2018…Fugitive From Justice,\u2019 the second Antigua and Barbuda billionaire, Diamond merchant, Mehul Chinubhai Choksi 59, Indian authorities were said to have documentary evidence in the form of \u2018…Letters of Understanding (LoUs) purportedly issued by the Government-owned; …administered and controlled Punjab National Bank (PNB). These reportedly allowed him to avail credit from overseas Indian Banks for the purposes of conducting business and trading. They also have credible intelligence that revealed he has acquired (i) …Economic Citizenship; and (ii) …his whereabouts has been traced to Antigua and Barbuda.\u2019 Likened to a \u2018…Bengal tiger in the Kanha Tiger Reserve, Madhya Pradesh, India,\u2019 there is no other place to run. While in Antigua and Barbuda he may roam, India still remains his home.<\/p>

\"\"<\/a><\/div>\n

CRIMINAL HAVENS<\/p>\n

None may harbor illusions of human behavior; and none may doubt the \u2018…fox-like cunningness and deceptive traits of man. As regional governments seek to generate revenue, international fraudsters seek to make their countries \u2018…Criminal Havens.\u2019 Fate had often intervened with life-shattering consequences to those who would engage in criminality to live in luxury. A billionaire today could see his social and financial status changed dramatically to a fugitive and prisoner tomorrow. Their lives had often been rocked by scandals of every kind or by allegations of fraudulent financial schemes. Those readily identified, are notorious ponzi schemers Bernard \u2018Bernie\u2019 Madoff and Robert Allen Stanford. Both, allegedly \u2018…made off\u2019 with US$50 billion and US$7 billion, respectively of customers\/victims money [Reuters: December 2011].<\/p>

\"\"<\/a><\/div>\n

STRAPPED FOR CASH<\/strong><\/p>

\"\"<\/a><\/div>\n

There may be no doubt that small developing nations, \u2018…Strapped for Cash,\u2019 had often been forced to devise creative ways for revenue generation. Considered a new \u2018…revenue stream,\u2019 four regional States have established an economic initiative called, \u2018…Citizenship by Investment Programme (CIP).\u2019 The experts have posited that mounting economic difficulties and balance of payment deficits, have forced \u2018…Antigua and Barbuda; …Dominica; …Grenada; and St. Lucia\u2019<\/strong> into such programme. It involves bestowing \u2018…national status and issuance of passports to \u2018…due diligence-checked foreign nationals.\u2019 Such has been \u2018…an economic policy-decision of the political directorate\u2019 of the respective countries.<\/p>\n

ECONOMIC CITIZENSHIP<\/strong><\/p>\n

Economic experts have posited that implementing the initiative has often been seen as an alternative, when conventional revenue streams had dried up. Such programme is primarily intended to \u2018…assist in stimulating economic activity.\u2019 This necessarily means two disadvantages. Participating States are, (i) …at risk and (ii) …vulnerable to exploitation.\u2019 Frequently, recipients of \u2018…Economic Citizenship\u2019<\/strong> appeared to have convinced the leadership of participating States of their \u2018…love of country.\u2019 Little did they know that their egos were being fed on \u2018…sentimental deception; …optimism and hope.\u2019 Moreover, when recipients expressed that their decision was influenced by the \u2018…potentiality for business expansion,\u2019 those interfacing with applicants shall have realized that their \u2018…simplicity and susceptibility\u2019 would be subjected to exploitation.<\/p>\n

PREDATORY PRICING<\/p>\n

The programme has not been free of controversy. While citizens wary, the international community has not only been worrying over recipients of \u2018…economic citizenship,\u2019 but also \u2018…Border Security.\u2019 Then as States jostle to capture a fair share of the market, fierce competition in the same geographical area and targeting the wealthy, appeared to have pushed some States into the unfair practice of \u2018…Predatory Pricing.\u2019 This may have been among the reasons that the integrity of the programme has been given international scrutiny. In spite of prohibitive laws, human conduct has facilitated involuntary disclosure of identities that have been \u2018…shrouded in secrecy.\u2019 While nationals remain in complete ignorance of the status of Mehul Chinubhai Choksi, Indian media revealed his acquisition of \u2018…Economic Citizenship,\u2019 thereby becoming an Antigua and Barbuda citizen.<\/p>\n

INTERNATIONAL ALERTS<\/p>\n

In spite of mechanisms that allow for due diligence, the region\u2019s economic initiatives have infrequently attracted individuals that have placed participating and non-participating nations under \u2018…International Scrutiny.\u2019 When foreign jurisdictions placed \u2018…International Alerts\u2019 on the region or requested assistance, they already knew where fugitives have sought and obtained \u2018…haven citizenship.\u2019 Though no direct fault of sitting administrations, those apportioning blame have always placed it squarely on those that governed. However, that which are seen by the international community as the bones of contention, include (i)…granting of economic citizenship to known or suspected criminals; (ii) ….reluctance in revoking the status; and (iii) …returning accused persons to wanted jurisdictions.\u2019<\/p>\n

FINANCIAL SCAM<\/p>\n

Awkwardly positioned, the \u2018…Citizenship by Investment Unit (CIU)\u2019 had been forced to clarify its handling of his application and the due diligence process. When the news broke of a \u2018…Financial Scam\u2019 committed against the Government, when the name \u2018…Mehul Chinubhai Choksi\u2019 was disclosed as the perpetrator, the Indian population became irate. It was revealed that the Punjab National Bank (PNB) had \u2018…provided the billionaire loans estimated US$2 billion without collateral,\u2019 The language of fraud investigators is that fraudsters are not only \u2018…full of financial tricks,\u2019 but have also employed \u2018…highly sophisticated schemes, aided by accountants and attorneys guiding them through their questionable financial dealings. This was often facilitated by bank personnel and Supervisory bodies that had provided \u2018…Incorrect Compliance Reports.<\/p>\n

LOANS FRAUDSTER<\/p>\n

After disgraced \u2018…American\/Antiguan and Barbudan financier; convicted ponzi schemer Robert Allen Stanford 68,\u2019 who was deprived of a Knighthood, the Indian national Mehul Chinubhai has been identified as the nation\u2019s second billionaire and \u2018…Loans Fraudster.\u2019 Since his country of domicile neither recognizes, nor grants dual citizenship, as his world was about to crumble, he wittingly opted for Antigua and Barbuda citizenship. Whether factually or suspectedly, much have been revealed to suggest that the Citizenship by Investment Programme (CIP), already under \u2018…Canadian and American scrutiny,\u2019 has also attracted the attention of Indian authorities. The other participating States that have also been subjected to international scrutiny includes, \u2018…St. Kitts\/Nevis; …Grenada; …St. Lucia and Dominica.\u2019<\/strong><\/p>\n

CONTEMPLATORY WARNING <\/strong><\/p>\n

Fearing implications for their own \u2018…economic programme,\u2019 interest was heightened in participating States. This had jolted Nevis Premier and Foreign Affairs Minister, Mark Brantley into a defensive mode. Speaking to the developments, he said, \u2018…There is absolutely nothing that Antigua did wrong.\u2019 What may have escaped his initial thinking was respect for the nation\u2019s \u2018…International Obligations.\u2019 Consciously awakened, he retorted \u2018…It is now left to see how the government of Antigua and Barbuda handles the matter\u2019 [ANR: July 30, 2018]. While they insinuate, speculate and debate, Prime Minister Gaston Browne who appeared \u2018…situationally-informed\u2019 gave \u2018…Contemplatory Warning\u2019<\/strong> of possible revocation of the billionaire\u2019s economic citizenship [OMG: July, 28, 2018]. It is to be understood that likened to most Commonwealth nations, this nation also has \u2018…legal obligations to the international community.\u2019<\/p>\n

INTERNATIONAL OBLIGATIONS<\/p>\n

When requests are made for the return of persons, it has never been on the basis of nationalities, but on the basis that persons accused of crimes to be returned to answer criminal charges. Such are defined as \u2018…Extradition offences.\u2019 These are contained in national laws and have been given parliamentary ratification. These are binding \u2018…International Obligations\u2019 and in some cases bi-lateral agreements. There are expressed commitments to cooperate fully with the international community. When formally requested, existing and ratified arrangements allow for the institution of extradition proceedings before the Magistracy. If it affects national security, a declaration of \u2018…Persona non-grata\u2019 may apply. This allows for elimination of due legal process and \u2018…speedy return of absconders to wanted jurisdictions.\u2019 Due regard shall not only be shown to the founding constitutional principle that states \u2018…The State is subject to the law,\u2019 but also guarantees provided for \u2018…Protection of Fundamental Rights and Freedom of the Individual\u2019 [CO: 1981: Section 3].<\/p>\n

OATH OF ALLEGIANCE<\/p>\n

It is no coincidence that a few wealthy individuals had searched for, and \u2018…Found Paradise.\u2019 Most, presumably, sought quietude in places suited to their lifestyles. Contrastingly, the wealthy and infamous often sought and bought that which is often seen as \u2018…criminal havens.\u2019 Invariably, such is often found on \u2018…internationally obscured but developing nations with struggling economies.\u2019 When the name \u2018…Mehul Chinubhai Choksi\u2019<\/strong> surfaced in the Indian and local media, incidentally, it was not about his lifestyle, but about questionable financial dealings, his wealth and the manner of acquisition.\u2019 These have triggered criminal investigations. That which appeared most startling was his reported \u2018…Escape from India on January 4, 2018; and taking the \u2018…Oath of Allegiance\u2019 to become \u2018…an Antigua and Barbuda citizen on January 15, 2018\u2019 [Times of India: June 13, 2018].<\/p>\n

ATIVIVTIES AND ABSCONSION<\/p>\n

When news broke on the \u2018…Activities and Absconsion\u2019 of billionaire Mehul Chinubhai Choksi, the Supervisory Authority, Reserve Bank of India (RBI) quickly apportioned blame to the apparent mismanaged government-owned financial lending institution. The Authority accused the \u2018…Punjab National Bank (PNB) of \u2018…furnishing factually incorrect compliance reports\u2019 [Times of India: June 13, 2018]. \u2019 Given such revelations, many are likely to recall the experiences of disgraced financier and \u2018…convicted ponzi schemer Allen Stanford and the sordid Leroy King affair.\u2019 However, the \u2018Punjab National Bank\u2019 was not alone. Well known businessman George Ryan, know of situations that had driven him almost to the depth of financial despair. Gross mismanagement saw the amalgamation of Antigua and Barbuda Investment Bank (ABIB), while the Antigua and Barbuda Development Bank had to be rescued from total collapse (ABDB) [July, 2011-2015].<\/p>\n

GOVERNMENT MONEY<\/p>\n

The Indian media reported that the billionaire had \u2018…planned his escape\u2019 to Antigua and Barbuda. The authorities became puzzled and furious that billions of dollars of State-funds were in the hands of a \u2018…loans fraudster.\u2019 The local citizenry felt that he may either have been running away either from someone or with something. Though not on the track, and not quite as fast as Jamaican and Olympic sprinter Usain Bolt, and certainly not for \u2018…Gold; …Silver or Bronze,\u2019 he was reportedly on the run after acquiring billions.\u2019 Quoting his deceased Granny, prominent businessman George Ryan remembers this suggestion, \u2018…If you are going to hell, go in a golden chariot.\u2019<\/strong> It was not clear if the businessman\u2019s Granny had shared her thoughts with the billionaire\u2019s Granny. Though they both have no desire to go to hell, Mehul Chinubhai Choksi reportedly ran off with billions of \u2018…Government Money.\u2019<\/p>\n

EXILE OR LUXURY<\/p>\n

Indian interest in his absconsion had heightened when media reports made it clear that irrespective of \u2018…respectability; … social status; or nationality,\u2019 the Indian government, has no intention of allowing the billionaire to continue life in \u2018…Exile or Luxury.\u2019 The authorities have been following developments in other jurisdictions. They have known that many fraudsters had pilfered or plundered \u2018…private entities and the public sector through State-owned financial institutions. They also knew that many had been \u2018…arrested and charged; …prosecuted and convicted, and slapped incarcerated penalties.\u2019 Diplomatic shuttling by Indian High Commissioner to Guyana, Ambassador Venkatachalam Mahalingam, between Antigua and Barbuda, speaks to a serious attempt at bringing him to justice. That which favours the billionaire, are (i) …his wealth; and (ii) …possible lengthy Court battles.\u2019 Likened to Leroy King, these may delay \u2018…extradition; …prosecution and possible conviction and feared institutional residency in an Indian penetentiary.\u2019<\/p>\n

COLLAPSE OF EMPIRE<\/p>\n

When questions are posed over financial activities of recipients of the \u2018…Economic Citizenship,\u2019 there are, but three troubling possibilities, (i) \u2018…Revocation; (ii) …Extradition; and (iii) …Incarceration.\u2019\u00a0 Except for extradition, these were the experiences of the nation\u2019s \u2018…first known billionaire,\u2019 Robert Allen Stanford [Forbes: September 17, 2009]. These appear to be among the troubling concerns of the nation\u2019s second multi-billionaire\u2018…Indian-born, Diamond merchant, Mehul Chinubhai Choksi 59.\u2019 He may not only be facing extradition proceedings, but also serious prosecutorial consequences, if extradited to his country of domicile, India. Likened to Allen Stanford\u2019s fate, the walls of his \u2018…Financial Empire\u2019 are poised to collapse, and so too is his \u2018…social and national status.\u2019<\/p>\n

ARCHITECT OF FRAUD<\/p>\n

Though infrequently, high-profile and financially well-positioned individuals are alleged to have been the \u2018…Architect of Fraud.\u2019 Research has shown that several individuals that have applied for \u2018…economic citizenship\u2019 have been accused of \u2018…fraudulent financial transactions\u2019 that have netted accumulated derivative proceeds, often considered substantial. In the Indian and local media, billionaire and diamond merchant Mehul Chinubhai Choksi has been the unenviable subject of national discussions. There were also reported diplomatic moves ahead to have him extradited to face criminal charges for alleged fraud perpetrated against the government\u2019s \u2018…owned; …administered and controlled lending financial institution, \u2018…Punjab National Bank (PNB).<\/p>\n

DISCRETE INQUIRY<\/p>\n

Revelations of fraudulent activities resulting in derivative benefits of \u2018…substantial proceeds\u2019 often gave rise to criminal investigations. Since recipients of \u2018…Economic Citizenship\u2019 are often under international scrutiny, caution shall be taken to avoid strained relations with countries seeking their return for criminal probe or prosecution. While not frequently, and certainly not in every case, that which might reasonably be deduced from high-profile applicants seeking \u2018…Economic Citizenship\u2019 on almost internationally obscured States, \u2018…Discrete Inquiry\u2019 shall always be considered by the due diligence team. Such shall be directed to ascertain acquisitional legitimacy of wealth. Approval authorities would be better positioned to make informed decisions, if only to protect the integrity of the programme.<\/p>\n

CRITICAL ADVANTAGES<\/p>\n

When an accused person was facing international criminal indictments, there are two critical advantages; (i) …Being at home and (ii) …possessing substantial wealth.\u2019 There are two regional cases that support such contentions. There is the \u2018…9-year long drawn out case of former head of the Financial Services Regulatory Commission (FSRC), Leroy King.\u2019 He was charged by the \u2018…United States Securities Commission (SEC) with \u2018…Tax Evasion.\u2019 It was alleged that he received \u2018…bribes of hundreds of thousands of dollars in the \u2018…Allen Stanford 8 billion ponzi scheme\u2019 [Antigua Sun: April 27, 2009]. Then there is the famous case of \u2018…former FIFA Executive Austin \u2018Jack\u2019 Warner\u2019 [Trinidad & Tobago]. Both have been fighting extradition to stay out of a United States penitentiary.<\/p>\n

PROBE FOR LEGITIMACY<\/p>\n

In the instant case, there are two \u2018…Critical Advantages\u2019 favoring the Indian\/Antiguan billionaire; (i) …he is away from his Indian homeland; and (ii) …he possesses billions. Baring deception or falsity of personal information, contingent upon these, Mehul Chinubhai Choksi is financially well-positioned to fight extradition and revocation of the legally bestowed status. As it affects substantial wealth, this may have been an area that had escaped \u2018…prioritized scrutiny.\u2019 Whether wealth acquisition was by inheritance or through other legitimate means, applicants for economic citizenship may only have been known to be \u2018…Millionaires or Billionaires.\u2019 Such information was privileged only to a few. Lack of inquiring minds, compounded by the law that prohibits disclosure of \u2018…nationality; …identity and financial status,\u2019 these may have militated against a direct \u2018…Probe for Legitimacy.\u2019 That which shall be understood, breach of confidentiality has prosecutorial consequences. If convicted for disclosure, a deterring penalty stipulates the possible imposition of a $15, 000 Fine. [CIP Act: Section 11(4): No.2 of 2016].<\/p>\n

CONCLUSION<\/p>\n

Whether or not Indian authorities might be smarting under alleged or perceived acts of criminality, in requesting the billionaire\u2019s return, this might be judicially done rough extradition proceedings. Though media reports suggested that the legal machinery had been put into motion, this was primarily to prevent any \u2018…Contemplatory Revocation\u2019 of his Antigua and Barbuda citizenship [ANR: July 30, 2018]. Though he had pledge allegiance to a foreign country, \u2018…Mehul Chinubhai Choksi remains an Indian national.\u2019 While he may have other things to worry about, depriving him of his newly acquired status is of little consequence. While it may appear that he may have been unfairly treated, he would not be left stranded in \u2018…No Man\u2019s Land.\u2019 Moreover, if there was such a place, considering that which precariously looms, he would rather be in such land to enjoy his \u2018…wealth;…liberty and freedom.\u2019 That which stares, is possible extradition, where, if tried and convicted, he would most likely be made an institutionalized guest in an Indian penetentiary. While he ponders, the nation shall decide whether discord is better than cooperation or money shall take precedence over principle. That which is well known- one is among the \u2018…causes of human miseries, while love of the other is the root of evil.\u2019 Likened to Indian authorities and Nevis Premier Mark Brantley, the citizenry and other participating countries and the international community are watching the nation with very keen interest. ***<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

RAWLSTON POMPEY As indigent populations seek opportunities to escape the \u2018…unceasing miseries; …frustration and despair, associated with social ills, blamed on poverty,\u2019 people of \u2018mega financial means,\u2019 though living luxurious lives, also seek places to live in solitude or quietude. Contrastingly, while the indigent struggled, the financially-able, are well-positioned to enjoy the finer things in […]<\/p>\n","protected":false},"author":3,"featured_media":18116,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55,5],"tags":[],"class_list":["post-18582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-letters-to-the-editor","category-news"],"yoast_head":"\nCOMMENTARY: Calamitous Affair Of An Antiguan Billionaire - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire\" \/>\n<meta property=\"og:description\" content=\"RAWLSTON POMPEY As indigent populations seek opportunities to escape the \u2018…unceasing miseries; …frustration and despair, associated with social ills, blamed on poverty,\u2019 people of \u2018mega financial means,\u2019 though living luxurious lives, also seek places to live in solitude or quietude. Contrastingly, while the indigent struggled, the financially-able, are well-positioned to enjoy the finer things in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-09T11:02:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"621\" \/>\n\t<meta property=\"og:image:height\" content=\"414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire\",\"datePublished\":\"2018-08-09T11:02:49+00:00\",\"dateModified\":\"2018-08-09T11:02:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/\"},\"wordCount\":2981,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg\",\"articleSection\":[\"Letters to the editor\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/\",\"url\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/\",\"name\":\"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire - Antigua News Room\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg\",\"datePublished\":\"2018-08-09T11:02:49+00:00\",\"dateModified\":\"2018-08-09T11:02:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg\",\"width\":\"621\",\"height\":\"414\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/antiguanewsroom.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/antiguanewsroom.com\/#website\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"name\":\"Antigua News Room\",\"description\":\"News As It Happens\",\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/antiguanewsroom.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\",\"name\":\"Antigua Newsroom\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"width\":1260,\"height\":1260,\"caption\":\"Antigua Newsroom\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antiguanewsroom\",\"https:\/\/x.com\/AntiguaNewsRoom\",\"https:\/\/www.instagram.com\/antiguanewsroom\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"caption\":\"Editor\"},\"url\":\"https:\/\/antiguanewsroom.com\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire - Antigua News Room","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/","og_locale":"en_US","og_type":"article","og_title":"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire","og_description":"RAWLSTON POMPEY As indigent populations seek opportunities to escape the \u2018…unceasing miseries; …frustration and despair, associated with social ills, blamed on poverty,\u2019 people of \u2018mega financial means,\u2019 though living luxurious lives, also seek places to live in solitude or quietude. Contrastingly, while the indigent struggled, the financially-able, are well-positioned to enjoy the finer things in […]","og_url":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/","og_site_name":"Antigua News Room","article_publisher":"https:\/\/www.facebook.com\/antiguanewsroom","article_published_time":"2018-08-09T11:02:49+00:00","og_image":[{"width":621,"height":414,"url":"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@AntiguaNewsRoom","twitter_site":"@AntiguaNewsRoom","twitter_misc":{"Written by":"Editor","Est. reading time":"15 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#article","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/"},"author":{"name":"Editor","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5"},"headline":"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire","datePublished":"2018-08-09T11:02:49+00:00","dateModified":"2018-08-09T11:02:49+00:00","mainEntityOfPage":{"@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/"},"wordCount":2981,"commentCount":2,"publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"image":{"@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg","articleSection":["Letters to the editor","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/","url":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/","name":"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire - Antigua News Room","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage"},"image":{"@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg","datePublished":"2018-08-09T11:02:49+00:00","dateModified":"2018-08-09T11:02:49+00:00","breadcrumb":{"@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#primaryimage","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:621\/h:414\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/07\/mehul-kZuB-621x414@LiveMint.jpg","width":"621","height":"414"},{"@type":"BreadcrumbList","@id":"https:\/\/antiguanewsroom.com\/commentary-calamitous-affair-of-an-antiguan-billionaire\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/antiguanewsroom.com\/"},{"@type":"ListItem","position":2,"name":"COMMENTARY: Calamitous Affair Of An Antiguan Billionaire"}]},{"@type":"WebSite","@id":"https:\/\/antiguanewsroom.com\/#website","url":"https:\/\/antiguanewsroom.com\/","name":"Antigua News Room","description":"News As It Happens","publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/antiguanewsroom.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/antiguanewsroom.com\/#organization","name":"Antigua Newsroom","url":"https:\/\/antiguanewsroom.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","width":1260,"height":1260,"caption":"Antigua Newsroom"},"image":{"@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antiguanewsroom","https:\/\/x.com\/AntiguaNewsRoom","https:\/\/www.instagram.com\/antiguanewsroom\/"]},{"@type":"Person","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","caption":"Editor"},"url":"https:\/\/antiguanewsroom.com\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/18582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/comments?post=18582"}],"version-history":[{"count":0,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/18582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media\/18116"}],"wp:attachment":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media?parent=18582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/categories?post=18582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/tags?post=18582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}