The Prime Minister confirmed that the superyacht Alfa Nero, owned by the Government following an Act of Parliament, was sold for US$40 million. He also informed that the proceeds have been deposited in a Bank.
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A lawsuit has been filed since by the former owner(s), seeking to claim the proceeds.
That frivolous lawsuit, the Cabinet agreed, will not prevent the government from making good on the obligations incurred while the vessel was under its ownership; and, will not deter the administration from investing the overage in the construction of a hotel.
The Cabinet agreed that an investment in a tangible asset will serve as reminder of the immense difficulties which this lawful seizure and sale caused the Antigua and Barbuda people and government.
Please note the following amendment as aligned with our discussions: The Alfa Nero proceeds were utilized to retire debts associated with the vessel and the balance was utilized to reduce government debt.
The original decision to reserve the surplus after repayment of the debts associated with the vessel to build a hotel has been scrapped.
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Even when it’s gone it’s still a problem lol
Let me quite understand this. LIAT 2020 needs 10 million to begin operations, severance of LIAT 1974 LTD is owed and the Treasury is short some 220 million dollars. The Yacht was sold at a huge loss from the first potential buyer and you are saying that the overage is going to build a hotel are you guys really serious. This looks like another Bloom Cooper inquiry in the making
So that’s it, just plain and simple so. I would certainly like to know what amount of monies were expended over the last 2 years on this yacht, after all its tax payers money.
Mr. Prime Minister you claim you like to be “chansparent” so please enlighten us.
@D Jude…☢️🤣⚽️these are three, of my favorite things?
#danger!
#laughter!
#football.
#Bloom Cooper!? Interesting…to say the least.
I’ve always viewed, this [point] (The Bloom Cooper Enquiry), in Our Nation’ history, as the pivotal moment when government ministers and others were found guilty of crimes, of immense proportion(s), and the People didn’t give a phuck, for the most part, and those that did came around to accepting “Crimes In da-Parliament” as a privilege to those, that are fortunate to grace its catacombs and hallways.
IHI came along, prior to that the Medical Benefits Saga, Asot & dem_Gastonites, yet, the People sap them up like hot brick_oven break, a sap up fish watah, wen de Fungee dun!
However, it would be nice to see such an Inquiry into the Alfa Nero Saga!
As a matter of fact, it could become a #Docu_Series!
Jumbee_Picknee aka Ras Smood
De’ole Dutty Peg🦶🏿Garrat_Bastard
Vere C. Edwards
@Ras. 😂
Real jokes a tell you going on here with these people.. 😂.
The Crypto Kid thought he was flying high until they bust his arse down and open up the books, only to find billions missing.
We all know if they open up the books on this Gatson Brownes administration, 9 out of 10 are going to jail, if not all.
Yep, such is the Saga in Antigua..pure thievery right in John public face, and you have people on here with their gullible self trying to defend these crooks.
They are not even hiding for Christ Sake. Unbelievable!
that the United States of America lifted the sanction so that the Alfa Nero could be sold by the Antiguan Government.
That would be unprecedented!
American
The less Antigua has to do with this damn boat the better. This sort of grasping, high-risk foolishness can only end in tears.
That pork of a PM stated the money done spent and now he saying it deposited in a bank. Let’s see if that also disappears from the bank. CUB is you dat? Telemaque licking he chops with his commission. Send that pompous mouche rass back to Dominica.
Russia watching Port manager and the PM and when they ready, they will strike in their usual Russian style. Dem man don’t play.
When them people come for the cash or the man and family and it might be all 3 what is really going on in Antigua kidnappings and extortion whenever there is a change of government the first thing would be a independent inquiry into liat and browne boy and all his Shady deals.
Can someone please explain to me why the courts here would allow these pirates to sell the boat with all kinds of court litigation hanging? There is just a vein of corruption that runs through this society like a curse. From politicians to medics,from clergy to civil servants and all kinds of commoners. Government entities, designed to guard against corruption and skulduggery, ONDCP, CID, The courts,FSRC, are all more than likely rotten to the core. What a country!
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