Belize Times February 26, 2012

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Sunday, February 26, 2012

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THE BELIZE TIMES

SCAN HERE

SUNDAY February 26, 2012

www.facebook/Belize Times

Issue No. 4785

SEDI Scandal

Belize City, Thursday February 23, 2012 Foreign Minister Wilfred (Sedi) Elrington is presently engaged in a court battle in the Supreme Court with an American investor. The case involves millions of dollars (at least US $12 million) of land sales in Belize City by a company called Progresso Heights Ltd. According to court records of the proceedings, Sedi Elrington is claiming that he is a 20% shareholder in the company and, US national, Lawrence M. Snyder and his son own 80% of the shares in the company. The record also reveals that for every land sale made by the com-

Wilfred (Sedi) Elrington

Barrow

and Yankee Dollars Belize City, February 23, 2012 What message is Barrow sending to the Investment Community in Belize when he is depositing any money in US bank accounts? He holds an account at

pany, Sedi should be collecting 2% of the proceeds of the sale amounting in total to thousands, if not millions of dollars. What has caught the eye of this BELIZE TIMES reporter is that Mr. Lawrence Snyder through his attorneys in Belize has informed the court that he is scared of coming back to Belize because he has been threatened by Minister Elrington that if he

does he will be arrested and jailed. As a result, attorneys here in Belize applied to the Supreme Court on behalf of Mr. Snyder to have him give his evidence from the United States of America, where he resides, by video link. The Supreme Court after hearing the application gave permission for Mr. Snyder to testify by video link. And his evidence by all accounts raised eyebrows in court questioning Sedi’s “legal” dealings with this multi-million dollar business as a 20% shareholder while deposits of commission were allegedly made to Sedi’s Bank of America US Account in Miami Florida.

PUP MANIFESTO

Wachovia Bank which is a US financial institution of the Wells Fargo and Company. This bank is a big fish’s bank that is a diversified financial services company

Continued on page 4

AVAILABLE ONLINE AT www.pup.org.bz

PUP Supports Referendum on Offshore Oil Drilling


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