“Roberts Tells Izmirlian: Show Us The Money” – The Tribune 27^th October 2016

Excerpt from this article; “PLP Chairman Bradley Roberts yesterday said Sarkis Izmirlian must ‘show us the money’ if he is serious about purchasing the stalled $3.5 billion Baha Mar resort.

In a press statement, Mr. Roberts said if Mr. Izmirlian has an interest in purchasing the assets of Baha Mar and delivering a world class resort for the Bahamian people as he claims he should offer a serious proposal and plan instead of ‘finger-pointing, weeping and wailing.’

On Tuesday, Mr. Izmirlian criticized the transfer of Baha Mars’ assets to Perfect Luck Holdings Ltd, calling the sale to the special purpose vehicle created by the Export-Import bank of China (CEXIM) an ‘intricate fabrication’.

And nearly two weeks after making a ‘bona fide’ offer to buy Baha Mar, Mr. Izmirlian, CEO of BMD Holdings Ltd., said he found it ‘bizarre’ that he has received no response to the ‘superior proposal’.

In fact, in a letter, addressed to Liu Liange, vice-chairman and president of CEXIM, Mr. Izmirlian said not only has the bank not acknowledged receipt of the proposal, but ‘nor has anyone associated with either the bank, the receivers, or Perfect Luck,’ made contact with him.

Beside the fact that I would really like to know who ‘makes up’ Perfect Luck, I have to agree with Mr. Roberts; indeed less talk and more action, just wished that we could get this type of performance from our present government, who continues to talk, continues to promise but also continues to fall short on delivering; yes, Mr. Prime Minister show us some positive results for the country but I tend to digress.

Indeed, Mr. Izmirlian should show us the money if he is serious; but by the same token the Progressive Liberal Party needs to show us the results from their ‘successful governance’ over the past four and a half years.

Oddly enough, while the Chairman of the Progressive Liberal Party is asking Mr. Izmirlian to ‘show us the money’, another member of the PLP is telling Mr. Izmirlian that he is already too late with ‘the money’; maybe this is why Mr. Izmirlian is now claiming that he is being ignored after making a ‘superior proposal’ not only by the bank but by everyone else associated with either the bank, the receivers or Perfect Luck, so no one is willing to see his ‘money’ that he has been asked to show?

While he sits with the money that he has been asked to show but that no one seems interested in, the government now boasts of entering into negotiations with Chow Tai Fook Enterprises Limited (CTFE) of Hong Kong, in connection with ownership of what Bradley Roberts referred to as ‘the former Baha Mar resort’, in a recent press statement; I am guessing that they have shown ‘someone some money’.

The Progressive Liberal Party fails for one reason, it is their nature.

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