$2.5M invested in Jamaican entity without proper procedure- VI Premier admits
At a press conference today, July 24, 2026, Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) admitted that the money was invested in Delta Capital Partners Limited; however, just like in the case of the now defunct Bank of Asia, the proper procedure was not followed, which made him unaware of the transaction.
Delta Capital Partners Ltd is currently facing serious legal action in Jamaica as part of the ongoing investigation into the collapse of Stocks & Securities Limited (SSL).
“I was not aware of this at the time. This is another instance where the legislation was not followed. This investment would have required the Minister of Finance and the Financial Secretary’s approval. So very similar to the Bank of Asia…I don’t know enough about it to be able to comment.”
FIA investigating
Hon Wheatley assured that the matter is under investigation by the Financial Investigation Agency (FIA). “So, when they come back with their findings, I would be in a better position to share more on that particular topic.”
Both the investments into the Bank of Asia and Delta Capital Partners Limited were done under the former Accountant General Arnold J. Ainsley, who is no longer in the Virgin Islands.
‘This is a culture’
Premier Wheatley also said it is common practice for public officers to invest monies in different banks and financial institutions.
“This is a culture, investing in other banks…Banco Popular, National Bank, all of the banks monies were invested in. We get these short-term investments…and we get our returns on those investments. Now the ones you have brought to the public’s attention are the ones where we have not gotten back the money….and those are the two that stand out because they had challenges.”
Premier Wheatley reiterated that those investments also did not go through the proper channels within the Ministry of Finance, and steps and measures have been taken to correct those failings.
“We passed an investment policy in Cabinet, and we expect full accountability for persons to operate within that investment policy, which we recently passed, [and] which was passed to correct that failing that was taking place.”
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65 Responses to “$2.5M invested in Jamaican entity without proper procedure- VI Premier admits”
Oh...
Right...
Allow me to suggest NOBODY.
NDP - 8 million dollar imaginary plane..
VIP - 5 million dollar imaginary bank account (Bank of Asia), 2.4 million dollar imaginary investment (Delta Capital Partners Ltd).
Way to go guys, we are almost there. Imagine getting a 100% plus salary increase to be doing that foolishness.
Ayo get vex when people sat this place is filled with corruption ??
This is absurd! Governor some to the front! Call an investigation!
Because the Premier never knows anything. What sort of craziness is this?! This needs more than a march!
Them locals don't pay no tax.
Go down pockwood pond see if he ever pay tax.
Just like how that letter was sent to USA to release fahie smh
While other Caribbean islands are doing little with much, this group of young, educated persons are wasting hundreds of millions yearly with almost nothing to show for it. Well we have given these young people a chance and it is time that we take back our HOA before we end up from the hen house to the poor house.
…Opposition. Wake up. With all this crap happening…you are just sitting there picking your teeth. Really! There is enough mess to overthrow any Government . So unless you all are getting a CUT…Do something. Are you saying that you have CONFIDENCE in this Government?
The company with which I served my engineering apprenticeship employed 300 machinists. When a part was found to be at fault the blame conveniently fell on someone who had just left or recently died.
Imagine I don’t know when money is taken from my account? Not 200 dollars! We are talking millions!! This is the second time.
Honorable Premier! With all due respect. This is embarrassing, not only for you, but for the entire territory.
The checks and balances should have been adhered to. (If there are any)
People are we going to sit on this again?
Bro YOU ATE THE MINISTER OF GONANCE OG THE BROTIDH VIRGIN ISLANDS NOT A POLITICSL FINANCIAL GO BETWEEN FOR JAMSICA WITH TAX PAYERS MONEY. THE PEOPLE NEED TO CALL FOR UIUR REMOVAL FROM OFFICE FOR THIS. WHAT OTHER UNAUTHORIZED WHEELING AND DEALING THE PUBLIC DONT KNOW ABOUT?