Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Gov’t Facing Multiple Lawsuits - One For $35M

Gov’t Facing Multiple Lawsuits - One For $35M

Premier and Minister for Finance, Hon. Andrew Fahie has announced that upon taking office, he discovered that Government was paying deals and facing high cost lawsuits - some in the millions.

Hon. Fahie, who promised repeatedly to present a statement on the Territory’s finances, but never did, announced during the House of Assembly on August 2 that things are not rosy with the the public purse.

The Premier began to reveal the financial issues after he chastised and accused members of the House of Assembly of trying to get media sound bites that would paint his Government in a bad light.

The Premier, while not singling out any particular legislator, stated that he felt that certain comments about Government’s lack of funding were jabs at his administration.

“If you listen to it independently, if you play the tape independently of some of these speeches, this Government gonna be branded as bad,” he said.

While Hon. Fahie did not go into details about the deals he was mentioning, he did note that they were costing government.

“We have a lot of deals that have to be paying out all the time,“ the Premier stated.

Meanwhile, the BVI Leader did not conceal the fact that there were costly lawsuits that Government would have to pay.

“We have a lot of lawsuits that we have to look for the money for. There is one lawsuit that is up to $35M and climbing,” Hon. Fahie told the House of Assembly.

“There is another one (lawsuit) for a water company up to $22M and climbing. Those are the figures that we know thus far that I ain’t bring to the public,” he added.

It is not clear if the water company with the lawsuit is BiWater, although the Premier did mention the company in the same statement by stating, “We know that we still have to deal and we still have to pay BiWater.”

Problems Met

Hon. Fahie said he heard Members of the House lamenting that “there was a lot of money”, but he said no mention was made of the obligations.

“We were told we meet a lot of money, but we meet a lot of problems. Problems, some of them were lingering for a while, some of them Irma brought on. Lots of them and what we have to do going forward with financial services and all the other industries is spend the money wisely," Hon. Fahie announced.

The Premier said he is hearing calls for money to be given to various areas without consideration of budget and obligations of government.

“It have a lot of money, that’s all you’re hearing. Well sometimes poor decisions allow these things. Sometimes poor management allows these things.”

While he still did not give a thorough disclosure of the Territory’s financial affairs, the Premier hinted that a loan might be needed.

“The reason you even have to contemplate a loan right now is because the money you have isn’t enough to finish fix the police station, to finish fix the Customs, to fix the incinerator and the problem down Pockwood Pond; to finish fix some of the schools, Mr. Speaker to fix the airport, to finish fix some of our ports, and the list could go on.”

The Premier further announced that the obligations for funding surpasses the available finances.

“When you match what we have to fix that we met, the money would be like butter against the sun. So we need to tell the people that...There is a lot of things why the old people can’t get money for the program.”

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
×