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Hon Vanterpool denies divesting Investment Club shares to relative

-however, he does not deny divesting them; challenges Hon Andrew A. Fahie to bring the evidence that he said he passed shares on to relatives
First District Representative Honourable Andrew A. Fahie and Minister for Communications and Works Honourable Mark H. Vanterpool squared off in the House of Assembly yesterday July 22, 2014 over the divestment of shares during a speech by the former on the Final Report of the Public Accounts Committee (PAC) on the cruise pier development project. Photo: VINO/File
ROAD TOWN, Tortola, VI – First District Representative Honourable Andrew A. Fahie and Minister for Communications and Works Honourable Mark H. Vanterpool squared off in the House of Assembly yesterday July 22, 2014 during a speech by the former on the Final Report of the Public Accounts Committee (PAC) on the cruise pier development project.

It was during Hon Fahie’s introduction to a motion to have the PAC report debated on the floor of the House of Assembly when Hon Vanterpool denied passing on his shares in the BVI Investment Club to a family member.

Hon Fahie spoke of doing a lot of research in preparation for the debate on the report when he made a number of discoveries regarding the owning of shares in the BVI Investment Club.

“Madam Speaker when I was doing my chart of this thing I saw that the declaration of interest for gazette notice volume 45, number 63 of 2611, extraordinary publication, October 10, 2011. Only two now sitting members of the Government clearly stated in the Gazette that they have shares in the BVI Investment Club,” said Hon Fahie.

“Madam Speaker with only two of them stating they have shares – the Minister for Communications and Works (Hon Mark H. Vanterpool) and the Minister for Natural Resources and Labour (Dr the Hon Kedrick D. Pickering) – since then the Minister of Natural Resources and Labour has come clearly and stated that he was advised what to do with his shares. But he wasn’t under questioning for anything that came up dealing with his ministry with his shares and then the Minister for Communications and Works, I’m just stating what he stated based on the Minutes of the House, that he passed on his shares I think to some family member,” said Hon Fahie.

However, at this point Hon Vanterpool stood up to dispute what Hon Fahie said regarding passing on shares to a family member.

“I would like the Hon member to read where I said I gave my shares to a family member. If that is in the record I would like to see if it is there. I may have suffered a little bit of amnesia but I cannot recall that. If the member is stating that and developing it then I would like him to [quote that],” he said.

Hon Fahie said that he would be getting to the Minister’s concern after he continued with his presentation. However, Hon Vanterpool rose to his feet yet again demanding that Hon Fahie address the statement he made immediately.

“Madam Speaker, this member just claimed that I said [something] and I think that this member [should] back it up right now before it become a public statement,” said Hon Vanterpool.

But following the Speaker’s admonition that he clarifies the statement, Hon Fahie said, “Madam Speaker, I sat here and heard the Honourable Member when he was speaking under the motion for the Interim Report of the Public Accounts Committee. So Madam Speaker I would get that information accurate…I would withdraw who he gave it to from the record until I [get the information].”

“This is the Hansard of when I spoke. I know I didn’t say that. It is not so,” said Minister Vanterpool.

However, Hon Fahie said he is forced to conclude that Hon Vanterpool still has his shares. “What I cannot remove is that the member would have still have his shares coming in as Minister, because that part Madam Speaker I have clear in the Gazette,” said Hon Fahie.

Hon Vanterpool said, “I did say that I had the shares and I invested them later. That I what I said, but not what the member was stating.”

Hon Fahie acknowledged what Hon Vanterpool said but noted that he has seen no documentation in the House of Assembly regarding the divestment of those shares.

9 Responses to “Hon Vanterpool denies divesting Investment Club shares to relative”

  • bay yute (23/07/2014, 15:34) Like (5) Dislike (1) Reply
    More confict of intrest
  • only talk (23/07/2014, 16:41) Like (11) Dislike (0) Reply
    all that goes on in our jokey HOA is just talk, talk and more talk. When articles are published on the new, its only stuff to read. However, it has been proven over and again that they are all a set of mouth champions. Corruption is exposed and no one ever pays. Underhandedness is unearthed and no one gets impeached. This is on both sides of the house and the governments for both parties. I left work yesterday, one member was speaking. I got home, drove to the other end of the island, went to the beach, swam 4 laps on the beach, did my grocery shopping and got back home only to hear the same member still going on and on. I wondered if my radio was broken or something. They all condemn each other for what the other did when they were in office. We have most way past that. Doing the same wrong that was done by another party doesn't make your wrong right. The Cruise Pier muck has too many unanswered questions. I am all for the development of the Territory and I don't give a s..it who gets the contract, once they're qualified to do the job and have a decent reputation.
  • . (23/07/2014, 17:10) Like (5) Dislike (1) Reply
    These men can't be trusted
  • open (23/07/2014, 18:14) Like (6) Dislike (1) Reply
    We do not trust the ndp
  • ooooo (23/07/2014, 20:51) Like (0) Dislike (0) Reply
    march and standford have something in common
  • Historylesson (24/07/2014, 00:26) Like (2) Dislike (0) Reply
    Sir Winston Churchill, once referring to a fellow politican as a rat, when asked by the Speaker of the House to apologise to the Hon. gentleman, replied," I do apologise to the Hon gentleman and indeed may I also apologise to all the other sewer rats in this Hon House, Mr speaker" !
  • me (24/07/2014, 09:40) Like (0) Dislike (0) Reply
    This minister must be asked to step down. He is not a Virgin iIslander and should not have the position to decide for us. He seems to be concerned about himself. He argues too much in the HOAX.
  • ann (24/07/2014, 12:02) Like (1) Dislike (0) Reply
    When you send the signal that laws won't be enforced and that there are no repercussions to behavior, criminals will pounce. Why some bleeding heart types refuse to acknowledge this I have no idea


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