Posted: Thursday, February 9, 2017. 1:54 p.m. CST.
By BBN Staff: The People’s United Party (PUP) today issued a press release stating that they voted in favor of the Central Bank (International Immunities) Act, and the Crown Proceedings (Amendment) Act brought to the National Assembly because the PUP believes in defending the national interests and specifically the foreign reserves of Belize.
“Belizeans will recall that the Hon. John Briceño, Leader of the Opposition, brought to light that no notice was given by the UDP regarding the details of the legislation so that proper research and consultation be done,” the release states.
The PUP says that it has concluded its research and is informing Belizeans that according to the laws of the United States of America, Belize’s reserves in the Central Bank are safe and cannot be attached or executed against by anyone including Lord Ashcroft’s companies.
The release quotes Section 1611 of the Foreign Sovereign Immunities Act of the USA:
“the property of a foreign state shall be immune from attachment and from execution, if— (1) the property is that of a foreign central bank or monetary authority”.
The PUP also said that the advice that they received from US based attorneys is that this law fully protects Belize’s foreign reserves.
The party further stated in their release that their legal adviser has drawn to the attention of the party that the Central Bank of Belize (International Immunities) Act, which according to the Prime Minister is needed to protect our foreign reserves, has no application in the United States of America and therefore does not protect Belize’s foreign reserves held in US banks.
According to the party’s Senior Counsel Andrew Marshalleck, “Belize’s foreign reserves in the US are fully protected by the Foreign Sovereign Immunities Act.”
“The truth is that as always, the UDP is once again trying to distract attention from their incompetence, mismanagement and corrupt ways. What the UDP needs to explain is why the Prime Minister, whose law firm continues to represent Lord Ashcroft’s companies, signed a blank check to the former owners of BTL that ended up costing the Belizean people over $557 million for a company that’s worth a little over $100 million? Why did Senators Godwin Hulse and Steve Duncan mysteriously drop their case in the Supreme Court in 2009 when they were challenging the BTL Accommodation agreement?” the PUP further stated in their release.
The PUP went on to say that today Belize has the most corrupt government ever and pinpointed that that the Senate Inquiry into the Immigration scandal has revealed that the former Director of Immigration admitted that there was electoral fraud in the 2012 General Elections.
“Now, Ms. Candelaria Saldivar, the sister of Minister John Saldivar has said that Senator Godwin Hulse knew of the Immigration scandal. It has also been exposed that many ministers were visiting the Immigration Department trying to influence the issuing of visas, nationalities and passports. These are the UDP Ministers and Senators who have betrayed the Belizean people,” the PUP argued in their release.
The party demanded that, “these are the people that need to do the decent thing. These are the people that need to resign!”
The release ended by declaring that Senator Courtenay has done a stellar job in the Senate highlighting the wrongdoings of the Belize government and continues to enjoy the full support of the Leader of the Opposition.
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