The government of the Virgin Islands' investment portfolio recorded positive growth between 2021 and 2026, earning the Territory US$2,893,141.69 as of July 30, 2026. Photo: Internet Source

Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) addressed the nation on July 30, 2026. Photo: Facebook

Premier Wheatley revealed this while addressing the nation on Thursday, July 30, 2026, in which he sought to bring some clarification to the $2.4 million invested in Delta Capital Partners Limited in 2025. The investment, according to him, was made by former Accountant General Arnold J. Ainsely without following the proper procedure. 

“Notwithstanding any losses incurred, overall the Government’s investment portfolio recorded positive growth between 2021 and 2026, earning the Territory US$2,893,141.69 as of today,” Dr Wheatley said. 

I will ensure irregularities are flagged before final approval

The Premier explained that rigorous due diligence, sound portfolio management, and proper approvals are the key to investing the public’s money with confidence. 

“Operating in line with the relevant legislation, regulations and policies will ensure that the system of accountability within the Ministry of Finance and Treasury functions effectively and that any irregularities are flagged before final approval is given,” he said. 

He added that in terms of the wider system of government accountability, in instances where a public servant violates the rules and procedures of their Ministry or Department, authority rests with the Governor, Deputy Governor and Public Service Commission (PSC) for disciplinary action. 

“Let me be crystal clear: where there is clear evidence of any breach or failure to follow the Public Finance Management Act and its accompanying regulations, there must be action.”