Fitz-Henley Doubles Down on PNP’s “Failure” to Protect Investors Against SSL

Government Senator Abka Fitz-Henley says he’s standing by his statement.

Senator Fitz Henley says the PNP deserves rebuke for attempting to mislead Jamaicans into believing the party took any effective action to protect investors when fraud was rampant at SSL between 2012 and 2013.

Senator Fitz-Henley is also cautioning the PNP against using Usain Bolt’s name in what he says is a brazen attempt to conceal its failure to protect investors against rampant impropriety at SSL.

Mahiri Stewart reports.

In standing by his statement made at a JLP Area Council One meeting on Sunday that the PNP did not take any action to protect investors against rampant fraud at SSL in 2012/2013, Senator Fitz-Henley says several key facts are matters of public record.

He says it’s a matter of public record that on or about July 17 and August 9, 2012, and again in 2013, the Financial Services Commission, FSC cautioned SSL against certain actions and issued directives concerning the acquisition of assets without prior approval.

He says former PNP President, Dr. Peter Phillips, who was the Finance Minister in 2012, is quoted in the media as saying that although he was aware that the FSC had written to SSL, he cannot recall whether he had been fully briefed on SSL’s precarious financial state.

Fitz-Henley described it as hypocritical and brazen for the PNP to attempt to shift the blame for the pillaging of investor accounts at SSL.

He says the overwhelming majority of Usain Bolt’s money was defrauded while the PNP was in office.

The Senator also rejected claims by the PNP that the JLP government eased restrictions placed by the PNP administration on SSL.

He says such claims are “categorically false.”

Senator Fitz-Henley is also chiding the PNP for politicising a matter which he notes concerns one of Jamaica finest ambassadors.

Fitz-Henley says its shameless that the PNP would exploit the name of Usain Bolt in their quest for political mileage.