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Letter: The Conch Farm conflict
Published on February 10, 2014 Email To Friend    Print Version

Dear Sir:

In 2010 and 2011 former Governor Gordon Wetherell, along with former chief economic adviser to the governor, Brian Titley, and the TCIG induced the shareholders of the Conch Farm to invest five million dollars of new money into the Conch Farm by signing a new development agreement that specified a number of “concessions” that the Conch Farm would receive from government.

The interim administration of the British at that time, despite repeated requests, failed to produce a corresponding development order or gazette the same until most of that five million dollars in new capital had been spent.

Thereafter, former Governor Rick Todd and former Attorney General Huw Shepheard produced a development order that breached the development agreement by arbitrarily and substantially reducing the government concessions that induced the shareholders to invest five million dollars in new capital.

In America (and most civilized nations) that is an illegal tactic that is referred to as “bait and switch” and typically employed by used car salesmen and con artists.

What is being hidden from the TCI public is that 100% of the responsibility for the Conch Farm conflict with the government is the responsibility of Todd and Shepheard. And that includes the damages the Conch Farm suffered from the libelous and slanderous comments that Rick Todd repeatedly uttered in public.

The Crown, through the TCI Attorney General’s office, is hiding the facts in the hope that the people of the TCI, and not the British taxpayer, will get stuck paying for the financial losses and damages to the Conch Farm shareholders.

That is what the Conch Farm conflict with the government is about.

Something is rotten in Denmark.

Caicos Conch Farm
Reads: 5915

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