Posted: Friday, November 24, 2017. 3:04 pm CST.
By BBN Staff: Deputy Prime Minister Patrick Faber has condemned former Prime Minister Said Musa over remarks made following the government’s $90 million loss in the case of Universal Health Services.
Speaking on the $29 million secret agreement, Musa said that his administration could have resolved the debt, with funds from the Governments of Taiwan and Venezuela.
Faber said that the notion of the Belizean people paying for something that they would not benefit from was “absolutely ridiculous,” noting that the Venezuelan grant was to be for housing projects.
“I condemn the former Prime Minister for those statements. He really should be ashamed,” Faber said.
On Wednesday, the Caribbean Court of Justice (CCJ) overturned the Belize Court of Appeal’s ruling in the case of GOB vs the Belize Bank on the controversial Universal Health Services (UHS) loan agreement.
The CCJ ruled in favor of the bank, enabling it to enforce an arbitration award granted by arbitration courts in London.
The ruling brought the altercation to eight years of litigation, of which GOB has to pay $52 million in interest alone.
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