Prime Minister Kamla Persad-Bissessar returned from the 51st regular meeting of the Conference of Heads of Government of Caricom in St Lucia last week. She immediately went to inspect the humanitarian relief supplies destined for Venezuela in the wake of the recent destructive twin earthquakes.
Both of these activities have shown that the Prime Minister is far more engaged with Caricom and Venezuela than she was at the start of her tenure. This is an important course correction.
I haven’t seen anyone from the Venezuelan government expressing gratitude or even acceptance of our aid, but they may be preoccupied with the relief effort. President Delcy Rodriguez herself has been focusing on getting King Charles III to unfreeze Venezuela’s gold reserves held at the Bank of England. She has also called for the lifting of other international sanctions to access Venezuela’s assets in its own recovery.
Initial international aid is estimated at US$600 million, but the damage is estimated to be about US$37 billion. I think it couldn’t hurt to endorse this request on purely humanitarian grounds.
Are the circumstances the same as when the sanctions were instituted in the first place? Can’t the use of the resources be monitored for recovery and relief purposes? Can they receive the value in materials, expertise, medicine, food and other contracted supplies? Can’t the Rodriguez administration be trusted to look after its own people without corruption?
Our Prime Minister’s attendance at the latest Caricom meeting was less chilly than her previous engagement with Caricom. She even got the other Caricom leaders to seek advice from the Caribbean Court of Justice (CCJ) on the reappointment of Caricom Secretary General Dr Carla Barnett. If the CCJ rules her appointment was legitimate, would our Government accept it?
This segues into Attorney General John Jeremie’s trust in KCs.
After KCs Strang and Eadie were brought in to deal with the Hadeeds, another British barrister duo, Anthony Peto KC and Thomas James Cleaver, have come to defend the State, specifically to represent the Commissioner of Police in High Court and Court of Appeal proceedings concerning unexplained wealth, proceeds of crime and related litigation.
We cannot argue with their purpose. Not in the slightest. I have serious doubts about their Forex fees and the probability that local SCs could “eat less food” and “give them performance” as good as the +3 KCs. Can local counsel be trusted? Are they less competent?
The only rationale is the “Privy Council” readiness for the four barristers. If our final court were the CCJ, would we spend less time and money for justice? Or do our local lawyers also prefer to fly to London instead of driving to Port-of-Spain?
All this means is that Blue Waters is in “hot water.”
Tomorrow, the Court of Appeal’s emergency hearing will review the legality of the detention of the Hadeeds. We have heard allegations of death threats against the PM and other ministers by the Hadeeds, but other information is also circulating.
Blue Waters occupies 50 acres out of a total of 450 acres of prime agricultural land at the Orange Grove Estate, but the Government terminated that lease to Blue Waters Products Ltd in May. After occupying the site since 2007, Blue Waters moved to sign three distinct land leases for the entire 450 acres in 2022.
State bureaucracy would keep the deal unsigned and unsettled. One would ask if the then-People’s National Movement government had any sort of input into any aspect of the leases. That government has been removed, however.
The United National Congress Government detected a last-minute rush by the previous PNM cabinet to approve the land leases days before the 2025 general election. Millions were thought to have been lost to the State due to an outdated valuation, among other matters.
On June 23, Blue Waters attorneys sent formal pre-action protocol correspondence to the Government over the Cabinet’s decision to terminate the languishing land leases. The following day, the Hadeeds were arrested for the alleged assassination plot against government members.
Is there more in the mortar? Is race/ethnicity a factor? “Land and property?” Why did the previous government wait until the 11th hour to facilitate the leases? Did the current Government think about Blue Waters’ regular workers?
Blue Waters products were pulled from CAL also. Has war been declared on the company? What will happen to the lands? Is there a preferred alternative leasee? Will this precipitate a sale of the company?
Are other factors like the renegotiation of the LNG price impacting companies like Nestle, as well as Methanex and Nutrien? Will more be closing up shop? What about employment? What about Forex?
The Government celebrated the raising of a US$800 million sovereign bond in the US market. Most of these funds will be used to settle the principal on the older multi-million-dollar bond notes that are reaching maturity. So we’re taking a loan to pay our loans.
Will there be funds for salaries and backpay? Will there be bailouts for SMEs? Will there be more public service positions? Or is it to pay fees for foreign lawyers in pounds sterling?
At £1 to TT$10, I am reminded of that song by the Mighty Sparrow, Ten to One is Murder, as we wonder about the fees charged by the +3 KCs.
I hope we get our money’s worth.
