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Man granted bail in $7k stealing case
A 28-year-old man was granted $7,000 bail on Friday after being accused of stealing over $7,000 from a man’s bank account three years ago.
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Turnquest: Davis administration ‘watered down fiscal laws’
FORMER Finance Minister Peter Turnquest accused the Davis administration of watering down fiscal laws that promote transparency and accountability.
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Pintard: PAC examining concerns over how govt spends, manages and processes funds
FREE National Movement leader Michael Pintard says the Public Accounts Committee (PAC) is examining several audits from the Office of the Auditor General under the administration of Prime Minister Philip "Brave" Davis, saying there are overwhelming concerns about how the government spends, manages, and processes funds.
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Ex-Minister: ‘Nothing to do with’ dead dolphins
An ex-Cabinet minister yesterday blamed US bankruptcy trustees for the plight of Blackbeard’s Cay’s dolphins as he had agreed to care being provided prior to their potential sale.
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Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot
A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.
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Ex-mp still free over $3m ‘life-altering’ money battle
A FORMER MP and ex-Supreme Court judge was yesterday said to remain free almost two months after police issued a ‘wanted poster’ for him over allegations he has failed to repay an investor more than $3m.
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Multiple fiscal failures found in Bahamas Jubilee games audit
UNAUTHORISED vehicle purchases and salary increases, misuse of petty cash, and a failure to pay National Insurance Board (NIB) contributions are some of the fiscal shortcomings highlighted in the Office of the Auditor General’s examination of last year’s Bahamas Jubilee Games.
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Bahamian whistleblower survives latest strike-out
A Bahamian whistleblower and his 11,000 e-mail haul this week survived the latest bid by a former Nassau-based broker/dealer’s principal to have them struck out as trial evidence.
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Pintard: Spending watchdog to target multiple concerns
The Opposition’s leader yesterday said Parliament’s spending watchdog is seeking answers to a “range of issues” involving Bahamas Power & Light (BPL), sporting event cost overruns and a $250m IMF loan.
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Pintard: Gang Bill may hurt innocent parents
CHARGING parents for harbouring children who are gang members will cause suffering for many good parents, Free National Movement leader Michael Pintard warned yesterday, adding that most parents do not know the double life their children may lead.
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‘Explanation owed’ on back dated revisions to BPL debt
The Opposition’s leader yesterday argued that the Government “owes an explanation” for why it has retroactively revised the debt owed by Bahamas Power & Light (BPL) going back almost two years.
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AG: BPL needs 400MW in new generation plant
Bahamas Power & Light (BPL) needs more than 400 mega watts (MW) of new generation capacity to address a “dire” situation requiring between 60-80 percent of its existing plant to be replaced within five years.
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Bahamas targets 2m air arrivals for 2024
The Bahamas is forecasting that foreign air stopover arrivals will break the two million mark for the first time in 2024 after more than 500,000 landed during the year’s first quarter.
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Cousin says she never conspired with Gibson
THE cousin of Long Island MP Adrian Gibson said yesterday that she never conspired with the former WSC executive chairman to defraud the corporation, adding that the courtroom was the first time she learned that WSC contracts had been awarded to a company of which she was a shareholder.
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Gibson ‘wanted to burst ex’s brain’
LONG Island MP Adrian Gibson allegedly said in text messages that he sometimes wanted “to burst” his ex-fiance’s brain and that she screwed him over by “blaming” him.
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GBPA braces for govt to launch arbitration
THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.
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RF: ‘No impact’ from core software dispute
RF Bank & Trust yesterday asserted that a dispute with its core software provider will “not in any way impact customer funds or overall operations” as it bids to resolve their differences.
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Transparency ‘lip service’ fear over fiscal watchdog’s limbo
The failure to revive a key fiscal watchdog is “a critical shortcoming of the Government” that raises questions over whether it is paying “lip service” to transparency and accountability, it was argued yesterday.
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Bowleg hits back on audit findings
YOUTH, Sports and Culture Minister Mario Bowleg said the government did not overspend on last year’s CARIFTA and Jubilee Games, which cost more than $7m than was allocated, according to audit reports from the Office of the Auditor General.
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FTX chief’s Albany handover to preserve $200m recovery
The head of FTX’s Bahamian subsidiary is handing over his Albany home to local liquidators to ensure the recovery of “more than $200m” from selling-off the crypto exchange’s real estate is not endangered.
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