Rosan wants COI into Bank of Asia, Delta Capital investments
Outspoken media owner and political hopeful Rosemary ‘Cindy’ Rosan has called on Governor Daniel Pruce to establish an independent Commission of Inquiry (COI) into the government’s controversial Bank of Asia deposit, its investment in Delta Capital and the wider management of public funds, arguing that only an external investigation can restore public confidence.
In an open letter addressed to the Governor, Rosan said the territory had already experienced one Commission of Inquiry that exposed “deep and systemic failures” in governance and financial management. Still, she contended that fresh concerns surrounding the handling of public money now warranted another independent examination.
“Today, I respectfully but firmly call upon you, in your capacity as Governor of the Virgin Islands, to exercise your constitutional responsibilities and initiate an independent Commission of Inquiry into the Bank of Asia matter, the government’s investment in Delta Capital, and the wider management of public funds,” Rosan wrote.
Rosan, an independent At-Large candidate for the next general elections, argued that unanswered questions remained over both investments despite public statements from government officials.
“The explanations provided thus far have only deepened public unease,” Rosan stated. “Questions surrounding the placement of Government funds with Bank of Asia remain unresolved. Questions surrounding the Government’s investment in Delta Capital continue to attract public concern.”
Rosan referred to statements indicating that former Accountant General Arnold Ainsley authorised the placement of government funds in Bank of Asia and that Premier and Minister of Finance Dr Natalio Wheatley said he was unaware of how the transactions occurred. She also noted that limited public explanations had come from Financial Secretary Jeremiah Frett and that questions had been raised about the role of former Deputy Premier Lorna Smith. However, she argued that responsibility could not rest with a single public officer because public funds pass through established systems of governance, oversight and financial controls.
She proposed that a Commission of Inquiry examine the Bank of Asia deposit, the Delta Capital investment, the roles of relevant public officials, compliance with financial regulations, the adequacy of government risk management systems, whether warnings or professional advice were overlooked, whether anyone benefited from the decisions and whether the two matters shared common decision-makers or governance failures.
Rosan stressed that she was not alleging criminal conduct.
“I am not asking you to presume guilt,” she wrote. “I am asking you to ensure that the truth is established through an independent process that commands the confidence of the people.”
The call follows months of scrutiny over the government’s US$5 million deposit in the now-defunct Bank of Asia and, more recently, disclosure that a separate US$2.5 million government investment in Delta Capital was made without the approvals required under the Public Finance Management Act.
Premier Wheatley has said the Delta Capital matter is under investigation by the Financial Investigation Agency and that a new investment policy has since been adopted to strengthen oversight of public funds.
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and the rest of us want her head and mental state examined
She indeed might be crazy – but that doesn’t mean that she’s wrong….
Is she paying her own debts?
You need your head and mental state examined for such a comment regarding what this Government’s recklessness and indifference has done to the people of this territory.
It is beyond shameful how 7.5 million USD can just disappear and only shoulders are shrugged!
You can hate the woman all you want – but what she says makes total sense.
I further agree with a post further below that put the blame firmly on the UK – they have indeed been beyond derelict on their duties!
One must ask themselves, who truly is the puppet master pulling the strings here?
And you need to go back to the bush. You are not ready for civilization quite yet you ignorant bush person. Keep that ignorant nonsense in the bush.
This is Real and all I want to ask is who raised you??? Cindy Rosan name is not a toy for you to play around with have sum respect in that filthy mouth of yours..Plzx and thank you! I’m out!
Yeah, GOD FORBID someone investigates CORRUPTION in the BVI.
WHITE GOVERNOR IS JUST HER FOR FUN & GIN
and it is scum like you that allows the despicable behaviour by our officials to persistent without repercussions. Go back under the little hut you came from and don’t show your face or open your mouth again. You are not wanted here.
It is obvious you were raised by a pack of jungle monkeys somewhere in the Amazon jungle far from human civilization.
Yuh gah my X!
She is quite right. It’s terrible that so little action was taken after the CoI; everything is as it ever was. I blame the UK for this. They have been derelict in their duty.
And we want you to tek ah look in the mirror/ don’t stand TOO CLOSE TO IT .
This lady is doing a better job than opposition leader Marlon penn and we are a 100% supporting her fighting for us, sherry and Fraser and all a them stupid their conscience to be in the power circle to enjoy the greedy bill, if Myron was opposition leader we would a see fire, this is what bishop John cline and Claude and them want, remove Myron because the the constitution talk is about more power for ministers or politicians instead of for the people, and Myron would defend the people, Cyndi would make a better politician than Marlon penn, go! Go! Cyndi.
IT SHOWS WHENEVER CINDY ESPOSES WHATEVER NEEDS TO BROUGHT TO LIGHT /PARASITES GET INTO A RAGE , ITS OBVIOUS THEY DIN HAVE THE TERRITORY’S AND ITS PEOPLE BEST INTEREST IN THEIR HEART / AND ISMT SEEMS THE WANNABE OPPOSITION FALLS INTO THAT CATOGORY/ SEEMS LIKE SMURF ONLY INTERESTED IN DERELICT VEHICLES WHILE MILLIONS OF TAXPAYERS MONEY IS INVESTED IN RODEO GAMES / NO WONDER IT IS SAID THAT HE WAS HAND PICKED GOR THAT POSITION BECAUSE HE CAN BE CONTROLLED, SOMEBODY DID A PUPPET JOB ON HE . WE WAITING ON CSC TO SHED SOME LIGHT ON THIS ISSUE USING HIS PSYCHIC POWERS.
THAT IS EXACTLY WHAT THEY ARE, I WILL INCERT ISLAND AKA SAND FLIES PARASITES. YOU KNOW WHEN YOU GO TO THE BEACH AND THE SANDFLIES KEEP BITING YOU. THAT IS WHAT THE ONES THAT GOING TO A FRENZY ARE.
Girl Cindy, don’t pay these bush folks no mind. Pity them, they know no better.Tortola is filled with a wholeeeeeee lot of bush people.
Especially you and them down Island People.
“Cindy For We, Not Just ME.”
she is correct on this one
Biggest thing we need now is an audit for the government and make some head’s roll. If them can’t find the culprit the person in charge gotta take the fall
If Cindy wasn’t a bit touched, she would not have the courage to speak on many of these critical issues. I agree with her 1000 percent on this one. And the Governor looks as though he’s in hibernation.
Y’all need to back Cindy show in the morning with a little donation so she can keep us informed. She is not a. Sell out that is going to take any donations from any politicians or certain people so that they can have control of her show and platform.
Maybe make the payment direct to her creditors – otherwise she might charge a commission for collecting it
100% we need outside investigation. Good on you Cindy for the thoughtful and balanced letter.
The fabric of our system has truly rotted away. We are the laughing stock of everyone that is paying attention. We are an embarrassment and we have our highest officials, today and yesterday, to thank. Ignorant and idiots – yes indeed. Clever plus a half – that too. Corrupt at the core and blatant criminals – looks like a duck and quacks like a duck.
Governor step in now. Bring in your best investigators and break down the walls. If for no other reason, do it for the people and our pride. This must end now. Our future depends on it!
A pack of thieves!
Cindy got my vote!
Until these nasty politicians clean up and be transparent
Good message but wrong messenger she has lost her credibility long time ago
Go Cindy!
Sorry I mean ALL13MUSTGO!!!
I AGREE WITH OPEN WIDE THE GIRL IS …
So what was the level(s) of involvement of the Financial Secretary (FS) and the (2) Deputy Financial Secretaries (DFS’s) on these matters? Anyone in the MOF that saw the requests for these transactions and who all were signatories of the transfer of funds?
Why hasn’t the reports/audits been made publicly available?
Did FSC know about these transfers? What is FIA’s position on these matters? Everyone seems mum and the Premier is seen holding the bag with not much information that he can or is willing to share. More questions than answers!