PUP discusses Petrocaribe loan motion court case

Posted: Tuesday, November 4, 2014. 11:00 pm CST.

Public Utilities Commission

Tuesday, November 4, 2014. AARON HUMES Reporting:  The People’s United Party (PUP) called a press briefing this afternoon to address its plans to sue Prime Minister Dean Barrow over a belated motion to gain National Assembly approval for over $230 million in loans borrowed under the Petrocaribe program dating back to 2010.

According to PUP deputy leader and author of the case Julius Espat, this will serve to keep this and future governments in check over the spending of public monies.

Julius Espat

Espat says the Government should never have been allowed to spend that much money without official approval and more importantly, it is a violation of the Finance and Audit Reform Act which could send the Minister of Finance to jail or set him back significantly financially.

The party’s main concerns are business confidence, good governance and community trust.

PUP leader Francis Fonseca says the UDP’s explanations are not enough for Belizeans, because that much spending concerns the people when it is not properly accounted for, regardless of what it is spent on and how such spending benefits the nation.

The legal team for the case comprises Senior Counsels Andrew Marshalleck, Eamon Courtenay and Magali Marin-Young, assisted by the party’s legal advisor Anthony Sylvestre.

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