Bad Advice For Sarkis On Baha Mar

EDITOR, The Tribune.

I have no idea who are the lawyers for Sarkis Izmirlian but whoever they are it is clear, in my view, that they are giving him potentially bogus legal advice as it relates to the possible claw back of Baha Mar.

What appears to be a valid contract, approved by the joint liquidators; the courts and the relevant parties, cannot just be abrogated at his request.

Of course, he and his corporate entities would have a legal interest in the same but not sufficient to overturn that contract.

The Minnis administration would be well advise to let this play out on its own without direct governmental intervention.

If Minnis were even to attempt to touch this toxic matter, he would be sending the wrong message to potential investors, especially the foreign ones.

In addition, it would leave a very sour taste in our collective mouths if he were to do so because many Bahamians, inclusive of myself, believe that Sarkis, et al, would have contributed generously to the FNM election coffers.

Mind you, there is no definitive ‘proof’ but there are three cabinet ministers who would have been closely allied with him and his corporate entities prior to the elections.

If Sarkis feels aggrieved by the situation with Baha Mar all he has to do is to take out legal proceedings to ensure that he is ‘protected’ from an equitable position.

No doubt, if he has a credible claim that would be recognised by our courts. It is highly unlikely, however, that the Minnis administration, much less the courts, would simply shut down operations at that property pending the legal resolution of the salient issues.

With close to 2,000 Bahamians currently employed down there and the inflow of assorted fees and charges now flowing into our Treasury it is inconceivable that anyone would dare to interfere with the smooth operations of Baha Mar.

The appearance of Sarkis and his wife at the swearing in of Dr Minnis and some of his cabinet colleagues at Government House the other day was a bad public relations exercise.

While they are legal residents in our wonderful nation, the acrimony generated over the past two years and the naked hostility between them and the former Prime Minister would result in great speculation and assumptions that would not bode well for our new Prime Minister and his team.

Minnis must remain focused on the bigger picture and the real business of the people of The Bahamas.

The average Bahamian could care less about who is the actual owner or operator of Baha Mar.

We want the property to remain open and to succeed, big time, for the benefit of all of us, inclusive of whoever the real owners might be.

We have, collectively, invested too much into Baha Mar to allow it to fail or to permit hot heads and their advisors to scuttle this massive, on the ground, investment.

The FNM was elected on three major issues: employment; crime and health care... no more... no less.

The tolerance level of the average Bahamian today is not at all like that of our forefathers. The startling revelations about possible malfeasance on the part of the Gold Rush Administration have caused many of us a degree of discomfort and unbelief.

It literally wasted our monies and gave us the bird and slap on the buttocks in the process.

I am certain that there is more to come.

One must keep in mind, however, that it is highly unlikely that there will be any criminal charges as most of us know that Bahamian crooks except via an armed robbery or bank fraud, we do not leave paper trails.

The pirates may have been expelled but some of them are still around parading in coat suits; white shirt; neck ties and a brief case.

If Sarkis, et al, believe that they have legal grounds on which to re-position themselves with Baha Mar, by all means pursue the same within a court of competent jurisdiction and not via badly crafted press releases and public threats to our political directorate.

The government of any country is sovereign within the limits of its constitution.

As a trained lawyer, I am confused and incapable of understanding just what the hell this man is talking about.

It is a given that loose lips are known to sink ships. Fools gold is fake gold. It is possible that the former administration, now mercifully defunct, led Sarkis down the garden path.

Whatever it did do, however, all was done with eyes wide open. To God then in all of these things, be the glory.



June 27, 2017.


Porcupine 1 year, 5 months ago

The courts of The Bahamas are a joke. Wouldn't you say? Izmirilian is asking for justice. He just happens to be barking up the wrong country.


Well_mudda_take_sic 1 year, 5 months ago

This is precisely how the Red Chinese operate.....they hire idiots like Ortland (the crooked disbarred lawyer) Bodie to pen their names to articles like the above that have been craftily written by other handsomely paid lawyers retained by Red Chinese operatives.


DDK 1 year, 5 months ago

It WAS rather well-written!


CatIslandBoy 1 year, 5 months ago

Does anyone really care about what this Bodie fella has to say? Really, who asked his opinion?


turtle777 1 year, 5 months ago

As I commented before, in U.S. courts, Izmirlian would indeed have something to stand on. Here, and I agreed with others, it may be very dicey.

What is most troubling is the sale -the final sale that has not actually happened, I think?- was conducted mostly 'in the dark' by Deloitte and Touch.

Legally, something is wrong.

In U.S. Izmirlian could, through proper courts and US Marshalls, have a chain put on Baha Mar's doors until the questionable 'sale' is worked out.

I saw that happen, right in front of my eyes, in Miami. All of a sudden, forty storey office tower full of mostly lawers, ended up with the front doors chained shut.

Believe me, they worked out a comromise very very fast indeed!



OldFort2012 1 year, 5 months ago

You might not like the man, but everything he says is eminently sensible. Sarkis is receiving bad legal advice and going about things the wrong way. I am sure someone is advising him this way to generate legal fees, whatever the outcome for Sarkis. If he is stupid enough not to see this, then it just confirms my view of the man: a clueless playboy playing with Daddy's money.


Sickened 1 year, 5 months ago

Sarkis needs to sit quiet and wait for the thing to fail - which it will within 5 years - and then he can get the thing on the cheap.


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