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What happened to approx. $15M at BVI Ports Authority?

Minister for Communications and Works Hon. Mark H. Vanterpool disclosed in the House of Assembly today, October 14, 2013 that the total cash balance of the BVI Ports Authority was $9,317, 324.74 as at October 3, 2013. Photo: VINO/File
According to Hon. Julian Fraser, there were some $24M plus in the reserve when he took office as Minister for Communications and Works in 2007. Photo: VINO/File
According to Hon. Julian Fraser, there were some $24M plus in the reserve when he took office as Minister for Communications and Works in 2007. Photo: VINO/File
ROAD TOWN, Tortola, VI- One of the many questions posed in the First Sitting of the Third Session of the Second House of Assembly today October 14, 2013 by the Third District Representative, Hon. Julian Fraser RA and still wanting of a full answer is to account for millions of dollars expended by the BVI Ports Authority over the last few years.

Earlier, Minister for Communications and Works Hon. Mark H. Vanterpool had disclosed the cash balances of all accounts held by the BVI Ports Authority in response to a query by Hon. Fraser.

Hon. Vanterpool stated that the total cash balance was $9,317, 324.74 as at October 3, 2013.

According to Hon. Fraser, there were some $24M plus in the reserve when he took office as Minister for Communications and Works in 2007. “What really happened to dwindle it down to nine million ($9M)?” Hon. Fraser asked.

Hon. Vanterpool, who was already very brief in his responses to questions including providing just yes and no answers, said he wouldn’t attempt to answer that question without a full question coming to him so he could research on it.

“However, Madam Speaker, over many years from that time a lot of these funds were used for capital development on the ports and one major project I know that was spent on the Ports funds was the tender pier that was built and a number of other projects, Madam Speaker, including the transfer of funds from the Ports Authority during the previous administration, to the, I believe to the tourist board and others, to expend,” Hon. Vanterpool stated.

The Minister, however, said he would be willing to give a more detailed answer at the next sitting of the HOA if a full question was presented to him beforehand.

Meanwhile, Hon. Vanterpool disclosed that the BVI Ports Authority has a Fixed Deposit in CIBC First Caribbean International Bank to the amount of $8, 623, 829.74 and a Savings Deposit of $345, 092 and Premium Account of $25, 622.

The Works Minister also said the BVI Ports Authority has a Savings Deposit at First Bank of $322, 781.

18 Responses to “What happened to approx. $15M at BVI Ports Authority?”

  • thief (14/10/2013, 19:46) Like (4) Dislike (1) Reply
    we all know hwre the money gone!!!
  • Wait (14/10/2013, 19:59) Like (2) Dislike (0) Reply

    Fraser was Minister from 2007-2011. If he met the money there in 2007 and he was there a few years with his party, he needs to ask them where the money gone. 

  • BREAKING NEWS (14/10/2013, 20:06) Like (7) Dislike (1) Reply
    did you notice how Fraser who got brain always tie up more mark he seems not to know his head from his foot about running anything!!
  • BuzzBvi (14/10/2013, 20:08) Like (7) Dislike (0) Reply
    I hopefully presume most people of the bvi roll their eyes with Hon. Vanterpool's answers.
  • Baygyal (14/10/2013, 20:11) Like (1) Dislike (0) Reply
    All i can say is wow!
  • facts man (14/10/2013, 20:14) Like (4) Dislike (0) Reply
    with all the speech writers and DC consultants the NDP has the VIP win that PR battle in a walk.
  • Blondie (14/10/2013, 20:16) Like (3) Dislike (0) Reply
    Actually the minister is bluffing if push came to shove he will still not answer the question on the money trail..ting te talk
    • tipsy (16/10/2013, 06:45) Like (1) Dislike (0) Reply
      Mark send an auditor to the ports; something fishy. Listen. And premier if he don't do it, you do it. Mind ayo.
  • +++ (14/10/2013, 20:33) Like (4) Dislike (0) Reply
    Anything goes under this governemnt
    • +++ (14/10/2013, 23:21) Like (0) Dislike (0) Reply
      the above is not me... third time third name...
    • +++ (14/10/2013, 23:23) Like (1) Dislike (0) Reply
      that is, third time I have counted that someone has taken someone else's name. there have been other comments... so why does this person keep using others ID?
  • Sick to my stomach (15/10/2013, 09:35) Like (4) Dislike (0) Reply
    I mean all of you politicians make me SICKKKKKKKK! The fact that you all can't give account for $15M in these tough economic times, time to do away with all you jokers... I mean really??? stupesssssssss
  • fola (15/10/2013, 20:37) Like (0) Dislike (0) Reply

    Fraser needs to sak himself the questions.

  • ABC (16/10/2013, 17:01) Like (1) Dislike (0) Reply
    Fraser should have asked Ralph that question. The nephew have most of the answers. Failing this, Claud should be the next stop.
  • Me (10/06/2014, 13:20) Like (0) Dislike (0) Reply
    say something better than that


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