Times Caribbean Exposes Alleged Irregularities in Christophe Harbour Marina Sale.

The government of St. Kitts and Nevis issued a press release celebrating the sale of Christophe Harbour Marina assets, but Times Caribbean alleges this release is deliberately deceptive, omitting crucial information and potentially concealing a significant financial scandal. The publication meticulously deconstructs the government’s narrative, exposing what it claims are blatant inaccuracies and a calculated effort to mislead the public. At the heart of the controversy lies a US$25 million debt owed to the St. Kitts-Nevis-Anguilla National Bank by Christophe Harbour, a debt secured by the very marina assets recently sold. The government’s silence on this substantial sum raises serious questions about financial transparency and accountability.

Times Caribbean’s first point of contention centers on the government’s portrayal of its role in the sale. The press release implies government involvement as a shareholder, a claim Times Caribbean vehemently refutes. The publication emphasizes a fundamental principle of corporate law: shareholders do not sell corporate assets. This misrepresentation, according to Times Caribbean, is a deliberate attempt to obfuscate the actual circumstances of the sale and the government’s connection to it. Furthermore, the publication asserts that the government never owned any part of the marina assets in the first place. The assets reside within land originally sold to Christophe Harbour by a French company, making the government’s claim of ownership historically inaccurate and legally unfounded.

The government’s omission of the sale price and the identity of the buyer further fuels Times Caribbean’s suspicions. This lack of transparency, the publication argues, is a deliberate strategy to avoid public scrutiny. By withholding key financial details, the government prevents the public from assessing the true value of the transaction and whether the people of St. Kitts and Nevis are receiving their fair share of the proceeds. The absence of this information, coupled with the government’s misleading claims about its involvement, paints a picture of deliberate obfuscation, raising concerns about potential corruption and mismanagement of public funds.

The most critical omission, according to Times Caribbean, is the complete absence of any mention of the US$25 million debt Christophe Harbour owes to the National Bank. This debt, secured by the sold marina assets, represents a significant liability for the people of St. Kitts and Nevis. The government’s failure to address this debt in its press release raises alarming questions about the use of the sale proceeds and whether any portion has been allocated to repay this substantial loan. This silence, Times Caribbean argues, is not accidental but a calculated move to conceal a potential financial scandal. The public, they assert, deserves to know if their bank has been repaid and how the government plans to address this outstanding debt.

Times Caribbean demands answers to several critical questions. Firstly, has any of the money from the sale been used to repay the US$25 million owed to the National Bank? Secondly, why is the government remaining silent about this significant debt to a publicly owned institution? Thirdly, who exactly purchased the marina assets, and are there any local stakeholders involved? Finally, why is the public being kept in the dark about this supposedly “positive” transaction? Without answers to these questions, Times Caribbean argues that the government’s press release should be viewed not as a celebration of progress but as a calculated attempt to mislead the public and avoid accountability.

The publication concludes that the government’s press release is a masterclass in misdirection, prioritizing public relations spin over truth and transparency. The lack of financial accountability, coupled with the misleading information presented in the release, suggests a deeper, more troubling story behind the sale of the Christophe Harbour Marina assets. Times Caribbean contends that the real story is just beginning to unfold, and the truth may be far more scandalous than the government’s carefully crafted narrative suggests. The people of St. Kitts and Nevis are left to wonder about the true nature of this transaction and the potential ramifications for their nation’s financial well-being.