Last week a court of appeals ruled the government’s acquisition of BTL was unlawful and this week more details of the case are coming out.
Full story Channel 5 Belize | Full story 7 News Belize | Prime Minister Dean Barrow Comments | Police Storm Telemedia | Prime Minister comments on new shareholders | Attorney says GOB illegally occupying BTL | PM states that handing over BTL would be chaotic
June 27th: Belize Electricity Limited says C.E.O. paid out millions in benefits
B.E.L. says former C.E.O paid out $2.7 million in benefits to employees who recently left.
June 28th: Government says it will renationalize BTL despite court order
Despite Prime Minister Dean Barrow’s comments about respecting the recent appeals court decision that the nationalization of BTL was unlawful, the PM now says the government will “do what it takes to retain control.”
Full story Channel 5 Belize | Full story 7 News Belize | Belize Bank Comments | Chamber of Commerce Comments | PUP comments | GOB Can’t Offer Compensation | Dean Boyce Continues to Operate Parallel Office
June 28th: Major Drug bust in the South
No official information was initially released – a drug bus t bust was made in Independence village on Saturday
June 28th: Raul’s Rose Garden Burns Down
The famous brothel, Raul’s Rose Garden, burns to the ground. No lives were lost.
June 29th: Experts come together to discuss Belize biodiversity
Top marine scientists met in Belize City to review the status of Belize’s marine biodiversity and potential impacts of oil drilling.
June 29th: Re-acquisition of Belize Telemedia continues
As the week continues more developments are coming together on the messy B.T.L situation.
Attorneys Busy Re-drafting Legislation | PM meets with Telemedia staff | Former U.D.P. Minister calls GOB actions “criminal” | Taxpayers will Pay Attorney Fees on Telemedia Case | Attorney Arthur Saldiver Comments | Heading to Court
June 29th: Global Investment and Banking Security Firm, Nomura, Predicts a Dark Future for Belize
After the trouble with B.E.L. surfaced culminating in a GOB takeover of the company, the strength of Belize’s economy is in question.