The investment-starved government of Grenada might be facing some embarrassment, CARIBUPDATE NEWS has reported.
“There are more questions than answers about a company that has signed a memorandum of understanding with the Grenada government purportedly to fund projects worth billions of dollars,’’ CARIBUPDATE reported in its September 1 Newsbreak bulletin.
Last week, Grenadians heard for the first time that some government officials, including Prime Minister Tillman Thomas, had met with representatives of SeWang One World, which is proposing to invest more than US$2 billion in Grenada.
One of the problems, said CARIBUPDATE, is that nobody outside of the promoters of the company in Grenada knows for certain who is SeWang One World, nor can anyone locate a business track record of the company.
According to CARIBUPDATE, “adding to the concerns in St George’s is a China Times newspaper report which says that authorities there have arrested three people on suspicion of fraud. Apparently they are the same people that wined and dined a Grenada delegation last month that included two government officials – Christopher De Riggs, a top official of the Ministry of Finance and Vincent Roberts, the public relations officer of the ruling National Democratic Congress.’’
Among those arrested by the Chinese is a Korean woman, whose name has been given as Ms Pak. She is believed to have visited Grenada in May.
“The latest revelations have Grenadian authorities scrambling to find answers,’’ said CARIBUPDATE.
Finance Minister Nazim Burke told the BBC that he is shocked at the revelation, but said it was never a done deal.
The two Grenadian representatives of SeWang One World, Antonio Bailey and Justin Francis, continue to insist that the company is legitimate.
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I propose not to wait until you get enough amount of money to order all you need! You can just take the loans or bank loan and feel comfortable
That is what you call corrupt deal. What goes around comes according to Daddy Blaize.
Put in your pipe and smoke it.