The Marine Park Trust in my opinion is a fraud and should not be allowed to proceed without proper public consultation.
Rumours are that the perpetrators of this scam are politicians and a couple of Heads of Ministries (HOMs) with one prominent business person. One particular HOM is a person that I believe has been conning this country for quite a while now. I believe the person is also involved with the fishing licence scam.
The current system: The Ministry of Marine Recources receives applications from any foreign investor and processes that application and refers the matter to Cabinet for approval or endorsement, then money is paid to MMR, receipted and that money is sent to the Ministry of Finance and Economic Management (MFEM) – no split.
THIS MONEY GOES IN TOTAL TO THE WHOLE COUNTRY AS IT SHOULD.
The Marine Park Trust scam goes simply like this, the money from the foreign investor would go to this trust who would receive the money, make a decision, get it cut (under the guise of administration cost) and send the rest of the fund to either MMR or MFEM. Simply put – currently, if we get $3 for a license that whole $3 goes to the country’s bank account. The scam will take the $3 and split it either $1 or $2 to the trust and $1 or $2 to the country. Sounds like corruption to me (Secret Commission Act), how about you?