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VOLUME:116 No.26, JANUARY 31ST, 2019
OBITS OFFICIA
CLASSIFIED TRADER: CARS, CARS, CARS & MORE CARS
INSIDE
Derek’s billions - it’s a fairytale
Turnquest speaks out to rubbish 20-year-old ‘stolen fortune’ myth By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net FINANCE Minister K Peter Turnquest told Parliament allegations the government and a local bank thwarted Derek Rolle Kelly’s purported inheritance have no basis and are entirely untrue. He said no public entity, including the Central Bank, has had or does have knowledge or possession of any funds related to this alleged inheritance. And neither have the Ministry of Finance, the Central Bank, the Office of the
Attorney General, the Ministry of National Security or any other relevant agency been approached by any domestic or international entity on any matter related to the investigation of this issue, Mr Turnquest said. The story of Rolle, now deceased, and a fortune he claimed he inherited from a deceased American couple have lingered for some 20 years. In the late 1990s, police referred to Rolle as a scam artist and said the fortune he claimed to have inherited was non-existent, according to The Tribune’s records. SEE PAGE THREE
THE government was last night said to be confident there will be “no deviation” from its $237m full-year deficit target despite incurring almost three-quarters of this sum in the first six months. Marlon Johnson, the Ministry of Finance’s financial secretary, told Tribune Business that the Minnis administration “feels
comfortable” it will hit its 2018-2019 goals despite racking up $174.2m in “red ink” during the six months to end-December. With the bulk of government revenues traditionally earned during the second half of a fiscal year that coincides with the peak winter tourism season, business licence fees and the bulk of real property tax payments, Mr Johnson said it “remains confident” that the 12-month deficit target will be hit.
FULL STORY - SEE BUSINESS
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‘BIG BANG’ FOR HEALTH TAX JULY NEXT YEAR By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
BAHAMIAN workers earning more than $35,000 per year will have to pay the majority of their National Health Insurance premiums from their own salary, it was revealed yesterday. The NHI Authority unveiled a revised tax/ contribution schedule that - at the top level - requires executives earning more than $66,667 to pay 100 percent of the annual $1,000 Standard Health Benefit premium. The scheme’s policy document called for a split launch between January 2020 and January 2021 but it was confirmed to Tribune Business yesterday that the proposal now is that there be one, single launch for all in July 2020. FULL STORY - SEE BUSINESS
JUNKANOO CHALLENGE GIVES WIN TO KNIGHTS
BUDGET ON TARGET DESPITE ‘RED INK’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
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By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net
HONEST, I’M SICK
PETER Nygard’s legal team has provided pictures of its client in hospital to show he has been too unwell to appear in court. Nygard is appealing against a judge’s decision to order his “immediate arrest” for failing to appear on three occasions to be sentenced for breaching a court order prohibiting him from engaging in any illegal dredging near his home. Full story - Page 7
AFTER appeals were lodged against Grand Bahama’s New Year’s Day Junkanoo results, the Platinum Knights group has now been declared the official winner. This comes after protests by two groups of the unofficial results announced on January 2. The two-time defending champion Platinum Knights fell in the standings from first to third place after penalty deductions were applied, moving the Superstar Rockers into first place as the unofficial winner of the parade. SEE PAGE FIVE
‘CONTRACTOR OVER-BILLED BY $1.8M’ By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net
A COMPANY contracted to do work in a Carmichael Road subdivision had its bill heavily reduced after Ministry of Public Works officials were unable to prove it had completed work it claimed to have done. In documents tabled in the House of Assembly by Housing and Environment
ROMAULD FERREIRA Minister Romauld Ferreira, Priton Bahamas Limited claimed to have completed
work in the amount of $2,192,019.84. However, upon investigation by officials only $367,288.61 worth of work could be proven. Priton’s agent, according to a company search, also tabled yesterday, was listed as Valentine S Grimes. Several big items were slashed, including a line item for trucking services and fill. Priton claimed to be owed $867,649.71 for this service, but the SEE PAGE TEN
Nassau & Bahama Islands’ Leading Newspaper
DIANE PHILLIPS BUILDING A COMMUNITY AFTER JOAQUIN
SEE PAGE EIGHT