Beautiful Virgin Islands

Thursday, Nov 20, 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
Caribbean Reparations Commission Seeks ‘Mutually Beneficial’ Justice from UK
EU Insists UK Must Contribute Financially for Access to Electricity Market and Broader Ties
UK to Outlaw Live-Event Ticket Resales Above Face Value
President Donald Trump Hosts Saudi Crown Prince Mohammed bin Salman at White House to Seal Major Defence and Investment Deals
German Entertainment Icons Alice and Ellen Kessler Die Together at Age 89
UK Unveils Sweeping Asylum Reforms with 20-Year Settlement Wait and Conditional Status
UK Orders Twitter Hacker to Repay £4.1 Million Following 2020 High-Profile Breach
Popeyes UK Eyes Century Mark as Fried-Chicken Chain Accelerates Roll-out
Two-thirds of UK nurses report working while unwell amid staffing crisis
Britain to Reform Human-Rights Laws in Sweeping Asylum Policy Overhaul
Nearly Half of Job Losses Under Labour Government Affect UK Youth
UK Chancellor Reeves Eyes High-Value Home Levy in Budget to Raise Tens of Billions
UK Urges Poland to Choose Swedish Submarines in Multi-Billion € Defence Bid
US Border Czar Tom Homan Declares UK No Longer a ‘Friend’ Amid Intelligence Rift
UK Announces Reversal of Income Tax Hike Plans Ahead of Budget
Starmer Faces Mounting Turmoil as Leaked Briefings Ignite Leadership Plot Rumours
UK Commentator Sami Hamdi Returns Home After US Visa Revocation and Detention
UK Eyes Denmark-Style Asylum Rules in Major Migration Shift
UK Signals Intelligence Freeze Amid US Maritime Drug-Strike Campaign
TikTok Awards UK & Ireland 2025 Celebrates Top Creators Including Max Klymenko as Creator of the Year
UK Growth Nearly Stalls at 0.1% in Q3 as Cyberattack Halts Car Production
Apple Denied Permission to Appeal UK App Store Ruling, Faces Over £1bn Liability
UK Chooses Wylfa for First Small Modular Reactors, Drawing Sharp U.S. Objection
Starmer Faces Growing Labour Backlash as Briefing Sparks Authority Crisis
Reform UK Withdraws from BBC Documentary Amid Legal Storm Over Trump Speech Edit
UK Prime Minister Attempts to Reassert Authority Amid Internal Labour Leadership Drama
UK Upholds Firm Rules on Stablecoins to Shield Financial System
Brussels Divided as UK-EU Reset Stalls Over Budget Access
Prince Harry’s Remembrance Day Essay Expresses Strong Regret at Leaving Britain
UK Unemployment Hits 5% as Wage Growth Slows, Paving Way for Bank of England Rate Cut
Starmer Warns of Resurgent Racism in UK Politics as He Vows Child-Poverty Reforms
UK Grocery Inflation Slows to 4.7% as Supermarkets Launch Pre-Christmas Promotions
UK Government Backs the BBC amid Editing Scandal and Trump Threat of Legal Action
UK Assessment Mis-Estimated Fallout From Palestine Action Ban, Records Reveal
UK Halts Intelligence Sharing with US Amid Lethal Boat-Strike Concerns
King Charles III Leads Britain in Remembrance Sunday Tribute to War Dead
UK Retail Sales Growth Slows as Households Hold Back Ahead of Black Friday and Budget
Shell Pulls Out of Two UK Floating Wind Projects Amid Renewables Retreat
Viagogo Hit With £15 Million Tax Bill After HMRC Transfer-Pricing Inquiry
Jaguar Land Rover Cyberattack Pinches UK GDP, Bank of England Says
UK and Germany Sound Alarm on Russian-Satellite Threat to Critical Infrastructure
Former Prince Andrew Faces U.S. Congressional Request for Testimony Amid Brexit of Royal Title
BBC Director-General Tim Davie and News CEO Deborah Turness Resign Amid Editing Controversy
Tom Cruise Arrives by Helicopter at UK Scientology Fundraiser Amid Local Protests
Prince Andrew and Sarah Ferguson Face Fresh UK Probes Amid Royal Fallout
Mothers Link Teen Suicides to AI Chatbots in Growing Legal Battle
UK Government to Mirror Denmark’s Tough Immigration Framework in Major Policy Shift
UK Government Turns to Denmark-Style Immigration Reforms to Overhaul Border Rules
UK Chancellor Warned Against Cutting Insulation Funding as Budget Looms
UK Tenant Complaints Hit Record Levels as Rental Sector Faces Mounting Pressure
×