Beautiful Virgin Islands

Monday, Aug 04, 2025

What was govt’s rush for $10M land investment deal? COI grills minister

What was govt’s rush for $10M land investment deal? COI grills minister

Minister for Natural Resources Vincent Wheatley was grilled about the apparent haste with which the government approached a $10 million land investment deal with an unnamed developer last year.

When he appeared before the Commission of Inquiry (COI) yesterday, October 14, Minister Wheatley said it was largely because of the urgency of the pandemic.

When asked for an explanation about what was the rush for the matter being brought to Cabinet, Minister Wheatley said: “You see the date on it? Middle of the pandemic. We are trying to get the country shut down, we’re trying to get economic activity in the country. If you look at the financial implications of it, it lays it out there.”

He continued: “Somebody’s trying to put an injection of $10 million in our economy during a very bad time — the worst pandemic in 100 years. We are scrambling trying to figure out how we’re going to get this economy moving. That is the hurry, that was the hurry, to get economic activity in the country.”

Cabinet dealt with issue prematurely


COI attorney, Bilal Rawat, said the Attorney General’s (AG) Chambers had suggested that the issue was prematurely brought to Cabinet. Among the reasons for the AG’s conclusion was that the rent was expected to be calculated by reference to a valuation of the land. However, this valuation was still absent at the time the deal was brought to Cabinet for consideration.

The COI attorney also suggested that the process was done relatively quickly given that it took place over a short space of time in December 2020. He further pointed out that other applications took a much longer time to be processed and approved.

“Can you shed any light on why you go from 4 December to the 23rd, appearing to give the green light to a $10-$15 million development in Road Town?” Rawat asked.

Minister Wheatley said all the businesses were closed at the time and the government jumped at the opportunity when it was presented to inject some economic activity into the territory, adding that construction was a way of doing this.

He also explained that a valuation report and survey for the development could have come once the lease was being prepared, but the Cabinet’s recommendation was simply an approval to go ahead to prepare the survey and lease.

No obligation to build placed on developer


Rawat informed Minister Wheatley that the Permanent Secretary in the Ministry had told the COI that a survey and valuation report ought to have been made available prior to any recommendation being taken to Cabinet for consideration.

But Minister Wheatley said he was not sure that this was an instance where the regular process needed to be followed.

In the end, Minister Wheatley told the COI that he could not say whether the lease was ever completed, adding that a lease was never granted, as per Cabinet’s decision.

“If memory serves me right, I don’t think that lease is done yet,” he stated.

Business plan?


He also said that he could not say whether a business plan had gone to the Premier’s Office, noting that this only happens in instances where there is a development agreement.

He said development agreements are only put in place in scenarios where investors need something from government, but in this instance, this was not the case.

“They were simply investing in the country so I don’t see a need for one, a development agreement,” Minister Wheatley said.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
×