The Tribune

EDITOR, The Tribune.

EXIM China, the loaner in this commercial private transaction is settling debts which the party they loaned moneys to created, namely BMD Holdings aka Baha Mar Ltd.

China State Engineering, America are the General Contractor to the developer, BMD Holdings aka Baha Mar Ltd…

Sense indicates therefore that the choice of the Receiver, Deloitte would represent EXIM should Chair the Committee - I honestly do not see any reason for Government to be there; this is a private commercial issue plus Government is a debtor and a creditor.

Others at the table - there was a Mr Rahming engaged by Government to oversee the project an Independent Quantity Surveyor with experience of projects of this complicity - a neutral party probably a retired Justice.

We are dealing with parties who were contracted with BMD Holdings aka Baha Mar Ltd.....not China State Engineering so there is no reason for their presentation they were not the contracting party. BMD Holdings aka Baha Ma Ltd, Sarkis Izmirlian have zero interest in the property so they have no reason to be around the table.

So...Receiver, Raymond Winder - Chairman representing EXIM

Mr Rahming, Engineer

An international Quantity Surveyor

A retired Judge of the Courts of The Bahamas.

Those who were contracted by the General Contractor - China State Engineering, America need urgently to seek legal advice as you seem not to be covered in any manner by this Settlement Agreement unless EXIM and CSA have an agreement and will settle appropriately with them and then CSA would settle with their subcontractors, the larger Bahamian claims ..... $millions.

It has to be noted that the US Demolition Co have CSA in Court in NY and that’s not getting too far too fast as CSA indicates they do not have access to their computers.

W THOMPSON

Nassau,

September 8, 2016.