Prime Minister Gaston Browne Clarifies CIU Funds Situation with Global Bank of Commerce in Response to Opposition Questions
Prime Minister Gaston Browne responded to opposition questions last week regarding the Citizenship by Investment Unit (CIU) funds in the Global Bank of Commerce.
In his statement to the parliament, Browne provided insights into the situation:
“We never said that we withdrew any funds from Global Bank of Commerce. What we said is that we no longer bank CIP funds with the Global Bank of Commerce,” Browne clarified, addressing misconceptions about fund withdrawals.
He further elaborated on the CIU’s banking arrangements, stating, “The CIU unit had bank accounts with at least three banks. The receipts have now been banked at the two remaining domestic banks, and we are trying our best to manage our exposure.”
Regarding the funds deposited in the Global Bank of Commerce, Browne explained, “A portion of it was utilized at one point to secure a loan for APUA. Then there was another portion of a few million dollars in which we had this escrow agreement with PV Energy to provide some batteries. They’re primarily escrow accounts for specific purposes.”
When questioned about the remaining funds in the Global Bank of Commerce related to the CIU, Browne provided specific figures, stating, “Between the funds that we had used to secure the loan for APUA, which incidentally was the Lazarenco monies, and another $5 million in escrow for the PV Energy batteries, we’re looking at a total of about 12 to 13 million US dollars.”
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Gaston Browne: I heard you say in the past.Your Administration withdrew CIP FUNDS FROM GLOBAL BANK of Commerce ACCOUNT to pay Civil SERVANTS.
The Prime Minister admits he is monitoring Antigua exposure with Global Bank. of Commerce. When one uses the word “exposure” it refers to how much is at risk.
So, the CIU Funds were withdrawn and deposited elsewhere. An admittance that those funds were at risk.
The GOAB funds remaining in Global are to cover escrows and loan guarantees. Hope those funds have not followed the path of Stroll’s money.
Time for the UPP opposition to ask what is the status of those funds.
Countryman, here we go!
Bruk it up! Mash ‘um up!
U ah #Grind dem carn!
And, a mek! ANN a mek!
An U mekking de People know!
What should be, really going on!
Even, though; Again! I’ll say it again!
You may reside as, A CountryMan Abroad!
U mekking de People! Our Beautiful People!
Plain and Simple! Very #Simple!
And, can be compared to a #Simpson
As, to what! Are these true facts?
Of, what is really going on?
Then, I’ll telephone Cousin Rayshaun!
And ask? Are these things really happening, dey a yard!
‘Cause, as the saying goes!
Do anyone really knows!
Even when it comes to Pinnochio nose!🤥
And, how fast it does grow!
But, when you give them an #Inch!
Just a Tiny little pinch!
They end up, taking de whole damn yard!
…Yah know! U know! Here we go!
…Fire 🔥Kaiso! Hot! Hott! Hotep!
…Step it up! Step it up! Boy Step! Step!
…But, I n I; ain’t Kripping! 🩼
…Crip_Step! ‘Cause Blood will be falling!
…’cause, School Children don’t be lying!
…they’re giving me the lead!
…so, fu sure! Fu sure!
…I’ll stand firm on, any Sea_Shore!
..,rattle my bag of bones! Dem bones! Dem bones!
…calling Our Ancestors from #Home!
…before, I toss them next to their #Seeds!
…so, that I can read! Read dem bones! Read! Read! Read!
…school children! Yes Papa VC!
…I’m sure you too can see!
…even though, you may be a #Jumbee’
…and, I’m your Sun and Picknee!
…Jumbee_Picknee can Read!🔖🤓📚👓📚📖🎼👨🏾🏫👩🏾🏫👨🏽🏫🧑🏾🏫🧑🏻🏫👩🏾🏫👨🏽🏫🤓
…READ! READ! Read! My god READ!
…READ!
..We’re of a different BREED!
…who’ll definitely succeed! 🇦🇬🇦🇬🔄🏛️🇦🇬🇦🇬🇦🇬🔄🔄🔄🇦🇬🇦🇬🇦🇬🇦🇬🇦🇬🏛️
…ah goh hold Sir Reginal “Sam” Samuel. He too, taught me how to read!
…Father_Brown! Father_Brown! Father_Brown!
…I’m, not speaking! Speakee_Spokee! Speaking! Speaking!
…of de #Bald_Head Clown! #Clown_Browne!
..,de same one, with a balding 👩🦲 Crown!
…Father_Brown taught Latin! Latin! Latin!
…at A.G.S.! Antigua Grammar School!
…they’re still among the best!
…that’s right! I’m from A.G.S. plus A.G.H.S.
…so, I ain’t no fool! Ah Drunk U drunk?
…but, me nar drink U mess!
…nar, goh wear non P.M.S. Dress!
…and, have the place smelling like a skunk!🦨🏴☠️🦨☠️
…J’Truth! As he may say!
…instead of, May_Day! May_Day!
…U bettah move Yah Muddah SKU_NK!!
CountryMan fram yard!
Wey dey Abroad!
Say, dem large and brawd!
Could, possibly be committing fraud!
If, this is true! As, old People cry, “oh Lard! Y Lard? Why Lard?”
…gone up so high! High! High! High!
…de man, must be getting High!
…and, we hope it’s #Weedy! Weedy!
…not, Mr. Weedee! So, can somebody tell me!
…we de #Likkle_Herb be?
…cause, according to de Papa VC!
…he again? Me a say, U min done wid he!
…me know! De #weedee! #weedee!
…does clean and feed, me Grannie #Hungry_Belly.
…so, he could buy Antigua fram “Bakrah_Picknee!”
…this clown! The one John_Crows 🦅🦅🦅🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛
…being chauffeured driven around!
…calling for Mr. Brown. Yes, that Browne!
…to step! Step! Step on Down!
…’cause, sometimes nah right!
…even, Pompey from, “In The Heat Of The Night!”
…he had to fight many fights!
…trying to make bad things right!
…or write the wrong, right! Write!
…FOOD PRICES RISING! RISING!
…RIDING SO HIGH! Risen so high!
…that, not even a FULL SOLAR ECLIPSE!
…will be able to eclipse!
…what these politicians have made amiss!
…so, even in a #Kaiso_Jest!
…I’ll want to Stand among the bes!
…like Shadow! Short Shirt! King Swallow!
…De Black_Stalin! Lord Blakey to de Mighty Sparrow!
…you know! The Slinger! Not that kind of #Slinger!
…I ain’t no #RUDE_BOY carrying no guns! No Guns! No Guns!
…nor, in a #Gang! Asot’s? Around the town!
…Neither, WANTED 🐦⬛🐦⬛🐦⬛🐦⬛Like Mr. Browne!
…and, just like Queen Iveena!
…a Yah! A Yah! #YAH_OBEAH!
…to include My Unc #OBADIAH!
…U dun kno! Me nar leave out Papa_Legba! Legba! Dat Legba!
…an Oshun! Blessed Oshun of I n I ANCESTAH!
…to blessed sweet, vuloptous, juicy, #Mami_Wata!
…so, let Gaston know!
…fu sure! Fu sure!
…I can endure! I can walk through any fire! Fire! Fire!
…and, in Tribute to King Fire!
…King Fire, the #Lyrical_Extraordinaire!
…I hope to get there!
…so, I’ll keep Honing_My_Craft!
…be invincible like Trump to Colin Kroft!
…yet, Still. And Still, I’ll Rise!
…RISE! Rise! Risen like the Son!
…put, my words in a song!
…and, as the People gather around!
…all day! Every day! Any day!
…come what may! Come Sweet Juicy_May!
…I’ll get my 🌷 flowers! So, they say!
…I must keep! Keep putting my word’
…In a song! With sweet music!
In a song!
…so, they can understand!
…Hey Leroy? WHAT’S HAPPENING MAN?
…in CountryMan Abroad, #HOMELAND!
…he may soon need security!
…from #HOMELAND_Security!
…since, he understand Our History!
…with, a passionate personality!
…so, please! Please! Please!
…open your brains and see!
…some of the ills, plaguing our Country!
…once again! Again! And again!
…family, for, fren_ah_me, or #facebook_friend!
…until my very end!
…like any other godson, grandson!
…godsend! Child of the Sun!
…me nar fraid Gaston!
…non of his #Henchmen!
…down to his, alleged #Kip_Women!
…and those BBL kiss ass #Anti_men!
…that’s according to #BLACKMAN!
…he too, already sniffed out their Plan.
…that’s why, he hounds #tenman!
…de pancake and chameleon!
…you cannot handle, this Champion!
…and, like Tyson! Mike Tyson!
…I’ll whop! Whip you in any season.
…so, you’re another reason!
…why, the People must understand!
…wrong is not right! Then, to #Right The True Wrong!
…politicians! There misdeeds! Deeds! Yes_INDEED! Indeed!
…those which they acquired to self enrichment and greed!
…they better take heed!
…‘cause, fu sure! Fu shore!
…the #CROOKS MUST GO!
…that’s why, we compose our Kaiso!
…so, as the People can know!
…when it’s time! High time for them to go! Go! Go!
Jumbee_Picknee aka Ras Smood
De’ole Dutty Peg🦶🏿Garrat_Bastard
Vere C. Edwards
…put a whopping on you!
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Kooyah, but wait?! Did Gaston Browne release the documentation/paperwork at last for transparency?
Or ah chat he still ah chat?
Bwoi, if he’s still the answer, then Antiguans still don’t know the question. Mercy!
However, one might be wrong, might one 😉
Paper what? Is there anything such as paperwork for the Opposition and the public to examine.
Gerald Watt will soon rule that looking at paperwork is not allowed. The paperwork is whatsoever Gaston says.
There is a saying, that I do not adhere too, which says: “Antiguans don’t read”
Transparency is what’s broadcast on Pointe Radio. Documentation is on Facebook
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