Prime Minister Dodges SIDF Questions

The questions that Hamilton asked were, how many applications for economic citizenship have been received and approved by the government sponsored SIDF, the accumulative sum by the SIDF since its inception and to give a breakdown of the citizens certificated by country.

Douglas in response said that the foundation is private and that transactions are undisclosed and financial questions about the fund will have to be sought directly from the SIDF.

He also estimated as to the number of applications received, stating that the foundation is one of the most perused in the world and added that not all applicants would be successful after undergoing the necessary security and background checks.

The Prime Minister however did not give the amount that has been approved but explained he was presenting the information that he had received.

He further urged the members of the National Assembly and the general public to attend the public exercise the SIDF will be hosting on 30th May where the general public will be able to view and scrutinize the accounts and financial transactions of the foundation.

The Foundations Act of 2003 stated that upon the registration, the foundation would become a separate and self-governing legal entity in its own right capable of suing and being sued in its own name.

Hamilton further stated his dissatisfaction in Douglas’ response.

However, the refusal of Douglas to provide the information requested by the opposition parliamentarian has only made more citizens question whether government is seeking to hide details that are best kept away from public scrutiny. Some are also wondering what could be the motive to keep such vital public information concealed from the tax payers.

It is believed that hundreds of millions of dollars have been received by the SIDF for hundreds of passports/citizenships sold to applicants worldwide.

 

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