JUNE 8TH - JUNE 15TH, 2013
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VOLUME 9 - No. 22
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MULTI-MILLION DOLLAR FINANCIAL ABUSE EXPOSED UK FINANICAL UK MP says British consultants creaming of millions from poor countries BY HAYDEN BOYCE PUBLISHER & EDITOR-IN-CHIEF
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British Member of Parliament (MP) has strongly criticised what she described as the growing practice of United Kingdom (UK) based consultants “creaming off millions of pounds” from money which is provided by the Department of International Development for (DFID). Diane Abbott, UK Shadow Minister for Public Health, said the rise in the amount of money given to UK-based consultants is alarming. In fact, she feels so strongly about the issue that she recently drew the matter to the attention of the House of Commons, and urged the Prime Minister David Cameron Government to examine the issues and to “introduce an internal inquiry”. She stated: “I want to draw the House’s attention to the growing phenomenon of wealthy UK-based management consultancies creaming off millions of pounds from the aid budget. We are seeing—the process has accelerated in recent years— the emergence of lords of poverty. People are building fat businesses and paying themselves fat salaries creamed from the budget of the Department for International Development. Lords of poverty, hardship tycoons, pin-striped famine magnates:
A TOAST TO THE HISTORY-MAKING SONIA: General Secretary of the Turks and Caicos Islands Football Association Sonia Bien-Aime (centre) created history by becoming the first woman to be co-opted on the executive of world government football body FIFA, at its congress in Mauritius last week. Bien-Amie’s appointment lasts one year. Her appointment means that she will be rubbing shoulders with other FIFA executive members in making decisions on the advancement of world football. In the meantime, Oliver Smith (left) was elected to FIFA’s Appeal’s Committee, which will see him hearing appeal cases from players, clubs and countries who feel that they may have been hard-done by officials during international and club league games. His election lasts four years. A welcome party was held for the two last Saturday night at the Providenciales International Airport, immediately after they arrived into the country. At right is Paula Garland, a member of the TCIFA, and who accompanied them on the trip. whatever we call them, the phenomenon is growing, and I think the British public would deprecate it.”
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Just a few weeks ago, the Civil Recovery Unit announced that it had recovered $19.5million in cash for
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WAYNE JONES IS ACTING DEPUTY COMMISSIONER
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the Turks and Caicos Islands Government, but $13million of that amount was paid to the British lawfirm Edwards Wildman. Laurence Harris, the law firm’s deputy managing partner, confirmed receiving the $13million, but he rejected suggestions that the Turks and Caicos Islands is not receiving value for money and that his law firm was ripping off the country, saying that there was an “investment rate of return of about 50 percent over three years, roughly speaking, which is about 17 percent annually”. In her impassioned speech to the House of Commons, Hon. Abbott stated: “I go to Jamaica most years, and apart from UK policemen CONTINUED ON PAGE 2