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Nassau Gas chief pledges to fully refund all investors
A Bahamian company that raised equity capital through the collapsed ArawakX platform has pledged to return all funds to investors once they are verified, its principal saying: "I want to get out of this mess."
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FTX prosecutors push for tougher sentence
US prosecutors are exploiting the $426m transfer of digital assets to the safekeeping of Bahamian regulators to press for a harsher prison sentence for FTX founder Sam Bankman-Fried.
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ArawakX full wind-up sealed without a fight
THE Bahamas’ first-ever crowd funding platform’s fate was yesterday sealed without a fight after its former principals effectively consented to its liquidation amid claims of a near-$4m insolvency.
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ArawakX ‘to be reported’ to police amid $4m insolvency
The Bahamas’ first-ever crowd funding platform is suffering from a near-$4m insolvency, its provisional liquidators have asserted, as they prepare to report “multiple criminal infractions” to the police.
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Rahming defends OPM’s travel budget rise
OFFICE of the Prime Minister director of communications Latrae Rahming defended the OPM’s travel budget increase yesterday, saying the prime minister’s travels are “always in the national interest” and aligned with the government’s foreign policy agenda.
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DIANE PHILLIPS: It’s our problem. We’re the solution – Safe Bahamas made us all part of the picture, no one escaped responsibility
Crime is not someone else’s problem. It is ours. All of us.
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‘Under siege’: Taxis see 50% income fall on crime fall-out
Bahamian taxi drivers are blaming the crime alert fall-out “for at least” a 50 percent earnings decline, with their union president yesterday blasting: “A few criminals have the country under siege.”
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Opposition members abstain as Bail Amendment Act passes in the House
MEMBERS of the opposition abstained from voting as a bill to amend the Bail Act passed the House of Assembly yesterday.
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Sandals insulated from Stewart family’s battle
THE Sandals resort chain’s governance and management will not be impacted if the trustee overseeing its late founder’s estate and a $334m cash pile are removed, the Chief Justice has ruled.
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Conflicting rights: The accused versus society
SADLY, in the last few weeks, New Providence has become the scene of senseless violence, and more disturbingly, this violence has touched women and children caught-up in the culture of violence, and the crossfire.
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PROSECUTORS KEY TO DEATH PENALTY: Dame Anita Allen speaks on bail and executions
FORMER Court of Appeal president Dame Anita Allen said prosecutors should be more aggressive in seeking the death penalty in appropriate murder cases.
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France should lead in helping Haiti, not The Bahamas and CARICOM
I read carefully the words of Prime Minister Philip "Brave" Davis at the 19th Summit of the Non-Aligned Movement in Africa regarding the well-documented plight of Haiti.
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Baha Mar contractor denies $2.4m ‘bribe or conspiracy’
ATTORNEYS for Baha Mar’s main contractor dismissed claims that $2.4m paid to a company run by the son of Perry Christie’s senior adviser represented “a bribe or conspiracy” to influence the then-government.
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PETER YOUNG: New initiative by Bahamas to combat climate change
TWO years ago at the UN’s Conference of the Parties on climate change, COP26 in Glasgow, Prime Minister Philip Davis delivered a memorably impressive speech. He spoke eloquently and in dramatic language about the potentially catastrophic effects of climate change and global warming on low-lying Small Island Developing States (SIDS) like his own, in particular as a result of rising ocean levels.
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Funeral chief’s partial win in stolen auto loan battle
A funeral home principal has won a partial victory in her legal appeal over a case where Bank of The Bahamas extended a combined $74,000 in auto loans despite knowing one vehicle was stolen.
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Nygard scuttled $10m Bay Street wharf sale
Peter Nygard scuttled the $10m sale of a prominent Bay Street property that could play a vital role in downtown Nassau’s rebirth, a Supreme Court judge has revealed.
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The people need to be represented
I have been very acquainted with the struggles emanating out of the constituency where the vacancy occurred, and the mixed emotions, the wayward sentiment often times, than not, when the decision goes against the choices of the constituents so impacted and needing to have a representer of substance, focused, and people centric agitating for and on their behalf sitting in the Halls Of the People’s Debating Chamber (the parliament of the Bahamas), in principle many have deemed meritoriously, and having merit, and deserving the utmost praise, we believed.
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Top ArawakX investor ‘seriously prejudiced’ over BOB unfreezing
ArawakX’s largest investor has moved to intervene in its dispute with Bank of The Bahamas by alleging that the two sides’ agreement to unfreeze the crowd-funding platform’s accounts “seriously prejudices” his interests.
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Ex-Sky Bahamas chief’s ‘compliance nightmare’
Sky Bahamas principal says he is enduring “a compliance nightmare” as the now-defunct airline “lives to fight another day” in the battle over its former Lynden Pindling International Airport (LPIA) hangar.
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ArawakX won’t give top investor his 22%
The Bahamas’ first-ever crowd-funding platform plans to bar its largest investor from taking a 22 percent equity stake in the business following the fall-out that triggered its present regulatory woes.
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