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Espat Building - To house Ashcroft company Print E-mail
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Written by Administrator   
Thursday, 22 July 2010 00:00
Marshalleck, Thomas Tillett and Mario Sabido. The role of the GRU is to assess risk for clients of the British Caribbean Bank or Belize Bank. Our information indicates that the focus will be on business accounts which are delinquent, nearing delinquency and non-performing. We understand that the unit will maintain strict vigilance over business accounts in an effort to keep a tight grip on economic activity by the clients who fall under the purview of the GRU.

The intention, as we understand it, is to minimize economic maneuverability of the businesses to stifle business through increases in interest rates whenever clients become delinquent. By our guessing, the move is being done to constrict economic activity (at least within the Belize Bank) and to send those ripple effects into the Belizean economy. This is typical maneuverings of the lord who will go to any lengths to try and discredit the current government. His methods are legendary and he hopes this move will see him force the government to his will.
 
The EPZ

While the GRU’s role is interesting enough, what is more so is the fact that the operations will be held in a building that has been registered as an Export Processing Zone. This means that the building or whoever occupies it will enjoy tax-free status. This status is one where the lord is most comfortable in and if our information is right, he again will be enjoying tax status for a new venture. A quick check with the Belize City Council indicates that the building or its occupant(s) will not be subject to property tax or trade license tax. EPZ’s in general are also not subject to any other form of taxation including business tax.

It is uncertain when the owners of the DTRE Investment Company managed to secure an EPZ status for the building, but it is noteworthy that one of the key players in the building is identified as Saint Mark. Notably, this is one of the persons who staunchly criticized the former leader of the PUP as being a mere PUP-pet of the lord. It’s the most poignant changes of fortunes that it is the very critic of the lord who now has turned out to be ‘bought and paid for’ by the man whom he once criticized.
 
What’s more is the fact that the building is a rather expensive one and inquiring minds would want to know where the financing for such a construction has come from. This, we must note, is not the only building in the area which is being credited to the Saintly one.