Beautiful Virgin Islands

Tuesday, Jan 20, 2026

Banks & trust companies making millions but do nothing to help VI- L. Allen Wheatley

Banks & trust companies making millions but do nothing to help VI- L. Allen Wheatley

The Virgin Islands Party (VIP) candidate in the Eighth District, Mr L. Allen Wheatley, believes foreign financial entities in the Virgin Islands (VI) have been making massive profits but are not doing enough to give back to the Virgin Islands.

Speaking on the forum, “A Response” hosted by the Community Worship Centre Church of God of Prophecy in Long Look on March 12, 2023, Mr Wheatley said if elected he would be pushing to change that.

‘Banks & trust companies did nothing to help VI’- Wheatley

“These are the things that really bother me. It bothers me because you have like banks here making 25 million dollars in profit, profit you know, not revenue, profit, and not one bank, not one trust company, could do what those people did in Virgin Gorda.”

The Eighth District candidate, who will be coming up against incumbent representative Hon Marlon A. Penn, said he had observed how wealthy investors on Virgin Gorda willingly spent massive amounts of monies to assist persons on Virgin Gorda to repair their homes following the hurricanes of September 2017; however, this was not the case on Tortola.

Mr Wheatley said electricity was swiftly restored for financial services to keep going, “but when you look at the schools, the rest of the BVI, look how long it took us to get Elmore Stoutt school back up.
It was local businessman, the late Peter Haycraft, the former owner of Road Town Wholesale Limited, who rebuilt Enis Adams Primary School at Meyers Estate, following the hurricanes of September 2017.



‘I going to come gunning’

“I can’t understand that. How the millionaires up in Virgin Gorda could see fit in a community that the live in, could put back when he saw the need and businesses here [on Tortola] making millions and billions of dollars and watched us suffer and didn’t even care enough to fix a school.

Mr Wheatley said it was local businessman Peter Haycraft, the former owner of Road Town Wholesale Limited, who rebuilt Enis Adams Primary School at Meyers Estate, following its destruction in the hurricanes of September 2017.

“I say that to say that when you start to look at these things about what we are going to do in this country, we have to seriously take stock of how the corporate businesses, and I am not talking about local businesses, I am talking specifically about financial services, and I probably going to offend some people, but I have told a lot of people in the industry already, I going [to] come gunning, I ain’t joking about it. If I get a chance, they are going to make a more substantial contribution to this country. They have been making millions of dollars year after year and they do nothing,” the former Financial Secretary said to loud applause.

Mr Wheatley said the money from corporate entities doesn’t even have to come into the Government coffers, rather the example of Haycraft could be used...”to keep the government out of the confusion.”

Mr Haycraft, now deceased, took it upon himself to do the various hirings and expenditure for the rebuilding of Enis Adams Primary School.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
High-Speed Train Collision in Southern Spain Kills at Least Twenty-One and Injures Scores
Meghan Markle May Return to the U.K. This Summer as Security Review Advances
Trump’s Greenland Tariff Threat Sparks EU Response and Risks Deep Transatlantic Rift
Prince Harry’s High Court Battle With Daily Mail Publisher Begins in London
Trump’s Tariff Escalation Presents Complex Challenges for the UK Economy
UK Prime Minister Starmer Rebukes Trump’s Greenland Tariff Strategy as Transatlantic Tensions Rise
Prince Harry’s Last Press Case in UK Court Signals Potential Turning Point in Media and Royal Relations
OpenAI to Begin Advertising in ChatGPT in Strategic Shift to New Revenue Model
GDP Growth Remains the Most Telling Barometer of Britain’s Economic Health
Prince William and Kate Middleton Stay Away as Prince Harry Visits London Amid Lingering Rift
Britain Braces for Colder Weather and Snow Risk as Temperatures Set to Plunge
Mass Protests Erupt as UK Nears Decision on China’s ‘Mega Embassy’ in London
Prince Harry to Return to UK to Testify in High-Profile Media Trial Against Associated Newspapers
Keir Starmer Rejects Trump’s Greenland Tariff Threat as ‘Completely Wrong’
Trump to hit Europe with 10% tariffs until Greenland deal is agreed
Prince Harry Returns to UK High Court as Final Privacy Trial Against Daily Mail Publisher Begins
Britain Confronts a Billion-Pound Wind Energy Paradox Amid Grid Constraints
The graduate 'jobpocalypse': Entry-level jobs are not shrinking. They are disappearing.
Cybercrime, Inc.: When Crime Becomes an Economy. How the World Accidentally Built a Twenty-Trillion-Dollar Criminal Economy
The Return of the Hands: Why the AI Age Is Rewriting the Meaning of “Real Work”
UK PM Kier Scammer Ridicules Tories With "Kamasutra"
Strategic Restraint, Credible Force, and the Discipline of Power
United Kingdom and Norway Endorse NATO’s ‘Arctic Sentry’ Mission Including Greenland
Woman Claiming to Be Freddie Mercury’s Secret Daughter Dies at Forty-Eight After Rare Cancer Battle
UK Launches First-Ever ‘Town of Culture’ Competition to Celebrate Local Stories and Boost Communities
Planned Sale of Shell and Exxon’s UK Gas Assets to Viaro Energy Collapses Amid Regulatory and Market Hurdles
UK Intensifies Arctic Security Engagement as Trump’s Greenland Rhetoric Fuels Allied Concern
Meghan Markle Could Return to the UK for the First Time in Nearly Four Years If Security Is Secured
Meghan Markle Likely to Return to UK Only if Harry Secures Official Security Cover
UAE Restricts Funding for Emiratis to Study in UK Amid Fears Over Muslim Brotherhood Influence
EU Seeks ‘Farage Clause’ in Brexit Reset Talks to Safeguard Long-Term Agreement Stability
Starmer’s Push to Rally Support for Action Against Elon Musk’s X Faces Setback as Canada Shuns Ban
UK Free School Meals Expansion Faces Political and Budgetary Delays
EU Seeks ‘Farage Clause’ in Brexit Reset Talks With Britain
Germany Hit by Major Airport Strikes Disrupting European Travel
Prince Harry Seeks King Charles’ Support to Open Invictus Games on UK Return
Washington Holds Back as Britain and France Signal Willingness to Deploy Troops in Postwar Ukraine
Elon Musk Accuses UK Government of Suppressing Free Speech as X Faces Potential Ban Over AI-Generated Content
Russia Deploys Hypersonic Missile in Strike on Ukraine
OpenAI and SoftBank Commit One Billion Dollars to Energy and Data Centre Supplier
UK Prime Minister Starmer Reaffirms Support for Danish Sovereignty Over Greenland Amid U.S. Pressure
UK Support Bolsters U.S. Seizure of Russian-Flagged Tanker Marinera in Atlantic Strike on Sanctions Evasion
The Claim That Maduro’s Capture and Trial Violate International Law Is Either Legally Illiterate—or Deliberately Deceptive
UK Data Watchdog Probes Elon Musk’s X Over AI-Generated Grok Images Amid Surge in Non-Consensual Outputs
Prince Harry to Return to UK for Court Hearing Without Plans to Meet King Charles III
UK Confirms Support for US Seizure of Russian-Flagged Oil Tanker in North Atlantic
Béla Tarr, Visionary Hungarian Filmmaker, Dies at Seventy After Long Illness
UK and France Pledge Military Hubs Across Ukraine in Post-Ceasefire Security Plan
Prince Harry Poised to Regain UK Security Cover, Clearing Way for Family Visits
UK Junk Food Advertising Ban Faces Major Loophole Allowing Brand-Only Promotions
×