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#1 Jun 06, 2022 11:23 am

New Historian
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Grenada's shameful CBI projects: 1. The Shrimp Farm That Never Was

The CBI Shrimp Farm: Anyone remember this scandal? Grenadians have short memories, but this one should stick in everyone’s mind. In 2017, the Grenada Sustainable Aquaculture (GSA) Limited, under developer Soren Dawody, was registered as a CBI Approved Project to develop a shrimp farm in Victoria, Saint Mark’s. A total of 55 applications were received, many from Russians, netting EC$7.5 million (US$2.8 million) into the Consolidated Fund, and a further EC$41 million (US$15.2 million), which was supposed to be invested into the project itself. The former was paid; the latter was not. No one knows the ins and outs of this murky deal, but what is known is that there’s no shrimp farm in Saint Mark’s: no breeding pens, no “Integrated Multi-Trophic Aquaculture (IMTA) Systems”, not even any holes in the ground. 

But holes in lots of people’s pockets, to the tune of US$15.2 million. This was a straight-out Ponzi scheme, fleecing 55 angry investors of their money, but the Prime Minister of Grenada dismissed the whole affair, saying: “Government got its fees from the investors – it’s just that the people who invested in it would not be benefitting from that investment.” With this attitude, from no less than the Prime Minister, is it any wonder that Grenada languishes at a lowly 142 in the World Bank’s Doing Business Rankings?

The government of Grenada says it is investigating the failed shrimp farm project, ‘to determine what went wrong with the project since monies were received by the investor to do the project.’ The government is investigating what went wrong with its own corrupt project? Excuse me for not expecting any shocking revelations. As late as 2020, Soren Dawody was still carping to the media, about how he was ‘transforming Grenada’s economy’. Is this some kind of sick joke? Then along comes the Ukraine war, which gifts Dawody with the best of all get out of jail cards: A bunch of oligarchs got swindled in Grenada? Shame.

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#2 Jun 06, 2022 6:32 pm

Wide Sargasso Sea
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Re: Grenada's shameful CBI projects: 1. The Shrimp Farm That Never Was

But it happens if the deal was one sided. I guess it went with the wind!!

https://www.google.com/search?q=shrip+f … P1NCU6AY17

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#3 Jun 07, 2022 12:31 am

New Historian
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Re: Grenada's shameful CBI projects: 1. The Shrimp Farm That Never Was

I'm on a rampage, a mission, Holy Crusade: against the sale of Grenada's sacred patrimony. In a murky market, to murky buyers, through even murkier middlemen. Plenty more to come, a teaser:

4.    Kawana Bay:

Imagine: one day you’re a much-lauded hotel developer in Grenada, the Prime Minister’s best friend, darling of the CBI Programme, appointed Ambassador-at-Large and Consul General. Then, overnight, you’re Public Enemy Number One, castigated in the most vulgar terms by your former best buddy the PM - how did this happen?

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#4 Jun 07, 2022 5:52 am

Wide Sargasso Sea
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Re: Grenada's shameful CBI projects: 1. The Shrimp Farm That Never Was

Personally, I think Mr. Mitchell is doing an awesome job! But he's only human. He'll win some and lose some. Yes, the entire West Indies like Africa is going through another transition. I foresee a future of wars and other crises as the natives fight to regain back their land from foreigners. This conflict will result from the foreigners not accepting the diverse culture of the Caribbean. If they come bearing gifts so they could cultivate only and not to understand us, then we are in trouble. But if they come with a certain understanding of our past-- knowing that they are not an alien race (the Chinese presence in the Caribbean has been there since the 19th century) then we could negotiate deals that will benefit both of us. If we fail to understand each other and we have to rage wars against them to drive them out, then at least we'll have a much better infrastructure than when the British pulled out after raping and abusing our islands. We need a more literate society.

Last edited by Wide Sargasso Sea (Jun 07, 2022 7:24 am)

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