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Trinidad based PWHC rakes in close to $900,000 for Gov’t Consultancy!

-The T&T based Price Water House Coopers Advisory Services Limited received over $866,313.30 for consultancy services total to date from NDP Government
The National Democratic Party (NDP) Government of Premier and Minister of Finance Dr. the Honourable D. Orlando Smith paid out more than three quarter of a million US dollars to Price Water House Coopers Advisory Limited for consultancy from October 2012 to October 2013. The money was spent on a Forensic Audit of the Treasury and to implement its recommendations along with helping the Government negotiation on the controversial Ports Pier Project. However, despite all this alleged “reckless spending” as labeled by the Opposition Virgin Islands Party, the NDP is still claiming with a straight face that the VIP government left the country broke. Photo: VINO/File
Minister of Finance Dr. the Honourable D. Orlando Smith (left) who had given a public address to the Territory weeks after taking office claiming that the Virgin Islands Party Government left the country broke paid out well over three quarters of a million dollars to the Trinidad based Price Water House Coopers Advisory Services Limited for consultancy. While Dr. Smith signed on behalf of the Government, all purchase orders were signed by the Deputy Financial Secretary Wendell M. Gaskin CFE (right). Photo: File
Minister of Finance Dr. the Honourable D. Orlando Smith (left) who had given a public address to the Territory weeks after taking office claiming that the Virgin Islands Party Government left the country broke paid out well over three quarters of a million dollars to the Trinidad based Price Water House Coopers Advisory Services Limited for consultancy. While Dr. Smith signed on behalf of the Government, all purchase orders were signed by the Deputy Financial Secretary Wendell M. Gaskin CFE (right). Photo: File
ROAD TOWN, Tortola, VI - While some of the National Democratic Party (NDP) politicians still claim with a straight face that the former Virgin Islands Party Administration left the country broke, their alleged “reckless spending” as described by First District Representative Honourable Andrew A. Fahie, continues uninterrupted.

It was unearthed last month in the House of Assembly (HOA) at the December 17, 2013 sitting that the Trinidad based Price Water House Coopers Advisory Services Limited (PWHC) received in payment from the Ministry of Finance some $866,313.30 from October 2012 to October 2013 for services to both the central government and on the Ports Authority Development Project.

The information was made public after a question was posed by Opposition Member Honourable Andrew A. Fahie to Premier and Minister of Finance Dr. the Honourable D. Orlando Smith.

Another important fact from the answer to the question is that over the one year of services from PWHC, all bills were paid to the foreign company while local vendors in the Virgin Islands cannot obtain all payments for their services. Premier Smith confirmed in his answer to Hon. Fahie’s question that, “Madam Speaker, there are no existing balances.”

More money, huge billing for services on backs of tax payers

A review of the payments released to the HOA by Premier Smith over the one year period shows many different contracts, purchase orders and services from PWHC and different costs.

The controversial Forensic Treasury Audit of the Virgin Islands’ Treasury Department, a report that the ruling NDP regime was allegedly hoping to show mismanagement by the Ralph T. O’Neal Administration, costs tax payers a whopping $119,072.50.

The big bucks continued pouring to PWHC with another $241,950.00 for three contracts for the implementation of the Forensic Audit Recommendations.

MF paid big $$$$$ for the controversial Ports Pier Project on consultancy

The controversial Port Pier Project of which our local Auditor General Sonia M. Webster found a web of corruption, violation of the laws and no one looking out for the interest of the tax payers, also received the services of PWHC.

Some $87,759.00 was paid out to PWHC for assisting with Phase 1 of the negotiation of the Public Private Partnership (PPP) for the Port Project.

If that was not enough, yet another $416,501.80 was paid out in Phase II of the Port Project, according to the information released by the Minister of Finance Dr. Smith on December 17, 2013.

For such a huge sum, the tax payers got business case mobilization, negotiation assistance and assisted with out of pocket expenses for the Trinidad based PWHC.

In addition to ensuring that this company was paid for its services, the sum of $1,030.00 was paid to wire all the many different amounts over a one-year prior.

This brings the grand total paid to PWHC by the NDP Administration within one year to some $866, 313.30.

All contracts were signed by Brian Hackett, Managing Director for and on behalf of Price Water House Coopers Advisory Services Limited. While Dr. Smith signed on behalf of the Government, all purchase orders were signed by the Deputy Financial Secretary Wendell M. Gaskin CFE.

Premier Smith told Parliament at the HOA sitting that the money was provided via Head 2329 (Ministry of Finance) Subhead 528299 (Other Consultancy).

It is important to note that this figure only represents monies paid out to PWHC from the central government but does not represent any of the Statutory Bodies [independent government agencies] which have also engaged the services of PWHC.

43 Responses to “Trinidad based PWHC rakes in close to $900,000 for Gov’t Consultancy!”

  • DarkVader (06/01/2014, 08:54) Like (8) Dislike (42) Reply

    So what? Like VIP never paid consultancy fees.. it's part of running a government. Not because the country broke means work must stop and shut down the country..Facts is, when NDP got in there was no money. Yes, NDP saw to it that new monies came in thus they could continue running the country an not shut it down.

    • @ DarkVader (06/01/2014, 09:23) Like (24) Dislike (6) Reply
      Stop trying to rewrite history MVW then next time I hear one of ayo NDP cowbirds talk but VIP leave county broke you will get a stinking/rotten egg in your dam face...set of lies just wasting my money of crap!!!
      • DarkVader (07/01/2014, 00:03) Like (1) Dislike (1) Reply
        LOL, like I strike a nerve in your back bone ooooo...who feels it knows it..Your money? You dont work big man..you ares still a rabbit in VIP camp being tricked.
  • DON Q (06/01/2014, 09:00) Like (5) Dislike (0) Reply
    Wow
  • humm (06/01/2014, 09:02) Like (25) Dislike (3) Reply
    well the way the NDP is going they will be the one leaving the country broke for real
    • xxxxxxxx (06/01/2014, 20:42) Like (1) Dislike (1) Reply
      The NDP downfall was their inability to accept a modern framework for society.
  • ooooo (06/01/2014, 09:45) Like (26) Dislike (6) Reply
    we could not have been broke when it have so much money for consultancies, trips, friends, cronys etc. etc.
  • me (06/01/2014, 09:52) Like (17) Dislike (0) Reply
    And the schools and roads in shambles.
  • jtv (06/01/2014, 10:19) Like (25) Dislike (6) Reply
    People let's march we cannot take two more years of this!
    • ---------------------- (06/01/2014, 12:48) Like (0) Dislike (0) Reply
      just do not get sam to help with the march he is a sell out...lol
    • father (06/01/2014, 20:38) Like (4) Dislike (2) Reply
      I'm sorry that I was right from the start: voting back the NDP was one of the biggest mistake
  • Sickening (06/01/2014, 10:41) Like (3) Dislike (6) Reply
    The fact is none of these parties better than the other. If NDP gets voted out the other party going start other projects thus making the country more broke.This is how politics go one making the other look bad like vip nor ndp did any good n some of u bloggers needs to quit it's not even 11 o clock n look how much blogs done here. Do some work for a change
  • me (06/01/2014, 11:15) Like (10) Dislike (0) Reply
    Marching will not solve the problem. We need election if Britain do not stop these boys. They make us a poor house and have their money stack away. Trouble in this territory.
  • shaw (06/01/2014, 11:20) Like (8) Dislike (0) Reply
    the only good thing that came out of this is the audit of the Port Pier Project. That confirmed what many already suspected. I want to know what phase I and phase II of the Pier Project entailed (which the public no doubt didn't know about).
  • like them or not (06/01/2014, 12:06) Like (16) Dislike (0) Reply
    Thank God the Opposition is there to ask questions so that we can get to know that these kind of huge spending is taking place. The NDP seems to be involved in too many questionable actions. I am beginning to become concern with these NDP guys in politics.
  • well saw (06/01/2014, 12:08) Like (13) Dislike (0) Reply
    While the NDP out front telling us that the VIP left the country broke they in the back under the table paying out this foreign company this kind of massive money & owing all the local vendors. What a set of hypocrites.
  • Researcher (06/01/2014, 12:13) Like (10) Dislike (1) Reply
    It would be interesting to find out what part this company played in the corruption fiasco in Trinidad pertaining to CLICO.
  • ann (06/01/2014, 12:14) Like (18) Dislike (0) Reply
    And local people cannot get paid from August last year
  • WHY? (06/01/2014, 12:35) Like (9) Dislike (0) Reply
    Why is the NDP paying this company to do what the Auditor General's office is mandated to do according to the law? These looks & smells fishy.
    • restorm (06/01/2014, 13:52) Like (3) Dislike (5) Reply
      I don't think the AG office have people who qualify in Forensic Auditing, and even so, the person writing the check, should not be the person submitting the invoices. I believe the government need to send someone to study Forensic Auditing it won't take them four years, simply because most of those guys in the AG Office have their degrees. It should be an eye opener for this country, while the poor fight for their little pennies, the rich is getting their bills paid on time.

      To create asset for a country's treasury is to create business such as service, service brings into the country goods to sell, those goods must paid duty, this duty is then place in the country's treasury. Then we got money to build and repair roads and other things. The government should paid the little man so he can survive, the big company will go and take their money with them. Goverment is time someone go and get their PHD, their Master Degree or whatever is necessary to have a local Forencis Auditor firm here. Train them now, you won't regret it.
  • lmao (06/01/2014, 14:41) Like (0) Dislike (2) Reply

    Vip gave baker tilly 300k to tell them the civil service is too big. I just have to laugh at the horse and pony bu....it None.of these guys are good for the country.

    • @ lmao (06/01/2014, 15:35) Like (9) Dislike (0) Reply
      well the vip never lied and say the NDP left the country broke so get a grip boss
      • lmao (06/01/2014, 18:40) Like (2) Dislike (5) Reply

        VIP did lie and say NDP left the country broke. How soon we forget same Andrew and Fraser said the reason they weren't able to do anything was because of the HOSPITAL? LMAOOOOOOOOOOOOOOOOOOOOOOOOOOO!! Don't lie. They blame NDP and Hospital while spending money on bu...it. $6mil greenhouse, $2mil scbay wall, $100k drag study, $500k med school study, $800k to claude for god knows what, $300k to tell Govt what any PS could tell them, $2mil on Purcel Comm Center, $4mil on johnson ghut bath tub to catch more water. Need I go on? Boss when you talk, talk all. IF NDP are corrupt where are the proceedings to get them prosecuted? ALl bark no bite, they fight in the light but cuddle after dark.  Show me a broke politician opposition or govt..nuff said.

        • Voice of Reason (06/01/2014, 20:45) Like (0) Dislike (0) Reply
          Don't get me wrong. We see the same bad tendencies in BOTH PARTIES SO BOTH NDP AND VIP IS A MESS BUT NDP MUST GO
        • @lmao (07/01/2014, 12:16) Like (0) Dislike (0) Reply
          Here you are speaking the same old non factual garbage about how the VIP spend our tax dollars. All you are saying are the same lies the NDP fed you guys during the elections that have been proven over & over not to be true. All politicians are not bad. There are good ones on both sides but both sides suffer from poor leadership.
        • Strupes (08/01/2014, 07:02) Like (0) Dislike (0) Reply
          go back to 2006
  • more $$$$$$ (06/01/2014, 16:07) Like (2) Dislike (0) Reply
    for a broke country you all doing well mehson
  • Enough Shit (06/01/2014, 16:12) Like (0) Dislike (0) Reply
    If these guys were being jailed for their action like in the US, none of this nonsense would occur. But like it appears the public purse is them to do what they please with no or little accountability.
  • LL (06/01/2014, 20:07) Like (0) Dislike (0) Reply
    One can only hope
  • Champ (06/01/2014, 20:35) Like (2) Dislike (0) Reply
    like I said before when we find out the truth what will they say . nuff said
  • happy new year (06/01/2014, 20:51) Like (0) Dislike (0) Reply
    The NDP had a very bad 2013.

  • polo (06/01/2014, 20:56) Like (0) Dislike (0) Reply
    By the end of the year, the MB's poor track record in office gave an opening for any new party to come forward
  • open wide (07/01/2014, 00:11) Like (1) Dislike (0) Reply
    I am sick to my stomach with this spending
  • brokr again (07/01/2014, 11:42) Like (0) Dislike (0) Reply
    Only the people broke
  • fish (07/01/2014, 12:49) Like (1) Dislike (0) Reply
    So upsetting on so many levels. First, that people we are supposed to respect and trust prove to be telling us tails and on a spending speed
  • teeth (07/01/2014, 23:10) Like (0) Dislike (0) Reply
    Oh well - at least the gang is good at something - Liar of the Year.
  • Dolly (10/01/2014, 12:24) Like (0) Dislike (0) Reply
    Is that $US or Guyanese dollars. Maybe the advice that they get for that kind of money for a territory with less than 30,000 has to be that they were told how to get to Heaven, after all the atrocities that they have committed against the people.


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