Hol Chan Marine Reserve Denies Financial Misconduct Claims

The management of the Hol Chan Marine Reserve is pushing back firmly against what it describes as false, unfounded, and irresponsible allegations of financial impropriety. In a statement issued today, Minister of the Blue Economy and Disaster Risk Management, Andre Perez, rejected claims circulating in the public domain, calling them “deliberately misleading” and lacking any factual basis.  According to the Ministry, since taking oversight of the reserve in November 2020, there has been no embezzlement, misappropriation, or misuse of funds within the institution. Officials say all operations are conducted under strict governance systems, audit procedures, and oversight mechanisms designed to ensure transparency and accountability.  The statement challenges those making accusations to produce evidence rather than engage in what it describes as politically motivated speculation that undermines the work of marine conservation professionals.  Hol Chan management noted that when the current administration assumed responsibility, the reserve was near bankruptcy, heavily indebted, and carrying unresolved staff loans. The organization, they say, was in urgent need of restructuring and financial repair.  Five years later, the reserve is reporting a significant turnaround. Officials cite improved financial systems, strengthened operations, and the diversification of revenue streams, including the launch of a modern gift shop that has quickly become a successful source of income.