12182020 NEWS AND SPORT

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FRIDAY

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The Tribune

Volume:118 No.20, DECEMBER 18, 2020

Established 1903

Weekend

WEEKEND: EXUMA IN THE EYES OF THE LONESOME PHOTOGRAPHER

THE PEOPLE’S PAPER: $1

Weekend

New photo book celebrates

Commissioner says police spoke to billionaire but he refused to cooperate POLICE Commissioner Paul Rolle said yesterday that officers visited Peter Nygard’s home in Lyford Cay last year as a part of an investigation into sexual assault allegations made against him but found that he had already left the country. Commissioner Rolle was speaking in the wake of news that Mr Nygard had been arrested in Canada and had been charged in New York. He said after the visit to Mr Nygard’s home, police subsequently contacted Mr Nygard to assist with their probe but he refused to return to The Bahamas. The police chief spoke

By TANYA SMITHCARTWRIGHT tsmith-cartwright@ tribunemedia.net PLP DEPUTY Leader Chester Cooper yesterday accused the government of having no strategy for economic growth nor had put forward any plan for restoration in Abaco, Grand Bahama and Ragged Island. Mr Cooper’s remarks were in response to the Minnis administration’s 2020 Fiscal Strategy Report tabled in Parliament on Wednesday. Speaking about that

the Exumas

pgs 08+09

‘TWAS THE NIGHT BEFORE CHRISTMAS

SEE PAGE EIGHT

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

CIBC FirstCaribbean International Bank (Bahamas) plunged to a $63.543m net loss for the year to endOctober 2020 as it awaits permission to pay almost $94m in total dividends to shareholders. The BISX-listed financial institution, unveiling its full-year results, blamed the combined effects of a $72.747m goodwill impairment and $65.5m increase in loan loss provisions due to COVID-19 for a near-$158m bottom line reversal compared to 2019’s $94.376m net profit. FULL STORY - SEE BUSINESS

SEE PAGE THREE

report, newly appointed Minister of State for Finance Senator Kwasi Thompson told the Senate the government’s aim is to slash $100m from both its capital and recurrent spending after 2020-2021 first quarter revenues came in $68m below projections while spending soared. Senator Thompson said some $75.8m in unplanned COVID-19 public assistance and previous lockdowns have forced the government to target $200m in extra spending cuts over the next six months. SEE PAGE FIVE

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CIBC LOSES $63M - BUT TO PAY $94M IN DIVIDENDS

to reporters on the sidelines of an event yesterday after he was asked for an update on investigations into sexual abuse claims made against the Canadian fashion designer back in July 2019. The Tribune exclusively reported last year that six women had made formal complaints to Bahamian police concerning Mr Nygard. However, Commissioner Rolle said yesterday: “I know after Nygard left The Bahamas, we received about four complaints and we dispatched officers to his residence and on arrival, we informed that he had left and we met persons loading all of his belongings into shipping containers.

COOPER SLAMS GOVT ON LACK OF ECONOMIC PLAN

SANTA PAWS

Capturing the ‘Blue Kingdom ’

‘NYGARD LEFT AND WON’T COME BACK’

By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net

Friday,

December 18, 2020 photography culture garden ing history interview puzzle s animals

‘TELL HER TO LIE ABOUT HER AGE’

FEARS OVER ‘SQUEEZE’ ON SERVICING DEBT BILL

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THIS image is taken from a video of Peter Nygard has emerged showing him walking on a Brazilian beach and asking girls how old they are - and at one point telling a translator to tell a girl who said she was just 15 years old to “lie about her age”. See page three for the full story. Photo: Mega Agency

THE Government was yesterday warned that “talk is cheap” when it comes to The Bahamas’ mounting fiscal and economic woes, as governance reformers demanded: “Let’s see some action.” FULL STORY - SEE BUSINESS

ANOTHER STEP BACK TO NORMAL By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net BAHA Mar reopened yesterday with 1,800 employees, 240 guest arrivals and the promise that business will increase significantly through the holiday season and into next year. Graeme Davis, the president of the resort, said officials and staff are excited to be back. “I reflect back to when

THE FIRST guests returning to Baha Mar yesterday. we opened in April of 2017 with the Grand Hyatt opening up, and here we are again today, hopefully

our last reopening of the project,” he said. “Grand Hyatt opens today with 1,800 rooms and our associates are thrilled to be back to work. A tremendous amount of work has been going into this.” Baha Mar closed on March 25 because of the COVID-19 crisis and committed to providing “ex-gratia payments, partial salaries, medical benefits SEE PAGE TWO

Nassau & Bahama Islands’ Leading Newspaper

PROTECTORS OF NYGARD CAN’T SILENCE US NOW

SEE PAGE NINE


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