When Parliament meets today, for the first time since the Christmas break, the Memorandum of Understanding (MoU) between the government and Cable & Wireless over the sale of BTC will not be tabled as had originally been planned.
This is due to the fact that the details of the sale have not been finalized.
Minister of National Security and leader of government business, Tommy Turnquest, said yesterday that until an agreement is reached over the terms of the sale, the government will not present any BTC documents.
However, Turnquest said that ALL documentation relating to the sale of BTC will be tabled in Parliament for public scrutiny at least two weeks before the parliamentary debate is scheduled.
He means ALL documentation, including documents related to the secret deal the PLP made with the mysterious Bluewater Company.
It is not clear if the identities of the owners of Bluewater will be included in that document release.
Aside from the Memorandum of Understanding, other documents that will be breleased could include a shareholders’ agreement, a plan for the voluntary workforce restructuring and documents related to the pension fund.
Mr Ingraham has said he intends to finalize the sale by February 15.
Meanwhile, the PLP has released a document that they claim is a copy of the MoU. The document is not signed, is missing sections and is clearly labelled as a draft.
It is suspected that that the document came into the posession of the PLP through illegal or nefarious means as Mr Ingraham has made it clear that the official MoU will not be released until details of the sale are completed.
The PLP copy document includes an outline of the proposed workforce restructuring plan, and how the new BTC board will be comprised.
It should be noted that this could be a very early draft of the document, so it would be presumptuous to say that anything in the document reflects the actual terms of the sale.
