Two days ago the Government of Belize faced a major litigation loss after the United States Supreme Court was reluctant to entertain the petitions of GOB regarding the review of two judgments made against them by two Ashcroft Alliance companies….the Belize Social Development Limited and the BCB Holdings Limited. This out rightly means that GOB must make payments to these companies in the sum of close to fifty million US dollars together with interest.
Following the report made by the US Supreme Court, the People’s United Party issued a release indicating that due to the Barrow Administration’s ‘incompetent and delusional decision-making’, Belizeans will be directly affected once more as they will be compelled to contribute to the debt in the sum of $117 million US Dollars through the payment of taxes.
And while the release goes on to say that failure to make payment within a period of 60 days may result in the entire Superbond debt to become payable in full, the PUP is calling on the Prime Minister and the UDP Government to clarify a number of matters to the Belizean people including what new taxes will be introduced, how the payment of these judgments will affect our already depleted foreign reserves and how many jobs will be cut from the public sector.
And just as the Opposition did not waste any time to lash out at the Government, the Barrow Administration did not hold back its tongue today when it fired back at the P.U.P.
GOB’s release starts by stating that the Government will not to pay a cent to the Ashcroft Alliance companies and highlighted that quote “All three awards which the UDP Administration on behalf of the people has tried to resist, are born of PUP cronyism, corruption and betrayal. Yet the PUP now gloats over the fact that US courts have upheld these awards that are the legacy of their unconstitutional and unbridled hustling and self-enrichment”. End of quote.
The release went on to say that while the US courts have upheld the awards, they have no authority to overrule the Caribbean Court of Justice, therefore, the companies can never collect on those awards in Belize.