On 1 June 2016 BU posted the following blog.
In Mia Mottley’s reply to the June 2015 Budget she accused the government of Barbados of making a highly questionable decision. Minister Sinckler – she reported – issued a memo to the Accountant General to advise the Central Bank of Barbados, custodian of the Housing Credit Fund (HCF), to declare a dividend of 25 million […]
The BU household is not motivated to jump on the Maloney bandwagon because it is #trending – as taxpayers we need to have a simple question answered.
Will the governance rules of the Housing Credit Fund (HCF) be shared with Barbadian taxpayers?
A situation now obtains where a 25 million dollar payment was diverted from the HCF to pay Mark Maloney’s company PRECONCO for buildings at the The GROTTO which remain unoccupied many many months later. In the interest of good governance and transparency the public has a right to know.