Gregor Nassief’s Open Response To Lennox Linton

You then inferred the possibility of local developers, including myself & Secret Bay who you named directly, being involved in such an elaborate scheme: “These arrangements that people like those responsible for Jungle Bay and those responsible for the villas at Secret Bay, Residences at Secret Bay and the Anichi, Mr. Alick Lawrence and others are benefitting from. So we have been able to have a window into the operations of the Kempinski by Range, these are two foreign people. But we have locals as well. Friends of the Government. Who is benefiting from the real estate arrangements that are part of the Citizenship by Investment program? And you can understand now why is it that these agents and these people who are benefitting, these locals are keeping their mouth shut. Nobody is speaking up for the integrity of the scheme. Nobody is speaking up for operating it properly in the public interest. Because it appears from what we are seeing with Kempinski that there is a lot of money for these people, these locals, these friends of Skerrit, the Sam Raphaels, the Gregor Nassiefs, the Alick Lawrences and so on. To make… There is lots of money for them to make over and above what is needed for the hotel development. What is needed for the construction of the hotel. There is a lot of money for them to be made given this Kempinski model, this Range Kempinski model.”

While the legal implications of these statements are being pursued, I have, at your invitation decided to “unshut” my mouth, and respond to what I consider to be at best intellectual dishonesty and at worst intellectual incompetence. My response, again at your invitation, is intended to also provide anyone willing to read, an insider’s view of the CBI program and how it works.  Though the program is relatively complex, it continues to astound me the numerous myths and fallacies that abound about the CBI program, and how few people really understand how the program works, and more astounding is how anyone could really take seriously an allegation that ec$1.2b could “go missing” in an economy the size of ours.

My response, as contained herein, will be in three parts: Part I: The Business of CBI, Part II: The Business of Real Estate (aka “where de money gone”) and Part III: The Good, The Bad & The Ugly. Forgive the long-windedness of my response but based on the recent statements you made, I have to assume the need to go back to basics.