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VECO and the FBI

June 10, 2007

Letter to the editor - It has all the ingredients of a John Le Carre thriller.

Corruption, extortion, conspiracy, a company chief executive pleading guilty to bribing state legislators, another employee appointed to oversee the firm's project in Barbados committing suicide, one Senator being investigated by the FBI and others being pressured to resign.

Corruption, extortion, conspiracy, a company chief executive pleading guilty to bribing state legislators, another employee appointed to oversee the firm's project in Barbados committing suicide, one Senator being investigated by the FBI and others being pressured to resign.

At least 7 persons have so far been charged with serious criminal offences in connection with a corporation called VECO.

VECO and its wholly owned subsidiary, Commonwealth Construction are the companies contracted by the Government of Barbados to build both the Oil Terminal and new prison facility at Dodds.

While, various construction costs have been aired in the media, the two projects are estimated to cost the taxpayer around US$200 million.

Two aspects of this scenario puzzle me!

First VECO has absolutely no previous proven experience in constructing prisons and secondly the Federal Bureau of Investigation has been investigating VECO for at least seven years.

According to a media report published June 29th 2005, the two tendering bid proposals to construct the prison 'were evaluated by a technical committee chaired by the Permanent Secretary in the Minister of Finance, which unanimously recommended VECO for the job'.

Visit the FBI website and you will see that they have a presence in Barbados, through what they call the Legal Attache' based at the US Embassy in Bridgetown.

We are left to wonder then, whether any due diligence checks were made on VECO prior to awarding the contracts?

Adrian Loveridge

Barbados

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