Olint funded both the JLP and the PNP

What we have suspected for a long time now has finally bubbled to the surface, as both political parties have now admitted receiving campaign financing from the embattled forex trading entity , Olint.

Both major political parties have admitted receiving money from the collapsed David Smith-led Olint Corporation, to finance the 2007 election campaign, which is now under investigation for alleged money laundering.

Treasurer of the ruling Jamaica Labour Party (JLP), Christopher Bovell, denied that Olint donated US$5 million to the party, although admitting that the investment club donated to the JLP’s campaign fund.

Responding to queries, chairman of the opposition People’s National Party (PNP), Robert Pickersgill, dismissed claims that the party got US$1.3 million.  “To the best of my knowledge, Olint donated US$200,000,” Pickersgill said yesterday. 

It was widely being rumoured for sometime now, that this was the case, but now it appears that all the parties are coming clean as it relates to their involvement with the forex trading company.

As can be seen in the Sunday Herald, it has been reported that over US$300 million may have been withdrawn from the forex trading company by political bigwigs aligned to the ruling JLP, leading its(Olint)final demise.

If true this raises a few questions.

  1. What did these guys knew that most other investors did not. ?
  2. Now that Olint is under investigation for money laundering, does this government have the moral fortitude to investigate Olint’s operations.?
  3. How many members of the ruling party had investment in Olint ?
  4. Since Olint was operating illegaly, does these earnings by these political big wigs fall under the proceeds of crime act?

Full article can be seen here.


Sage One: Troubled Times

And so it was that the 7th month of the eight year of the third millennia became know as the Great Consolidation. For after all had been said, done, and debated, multitude did divideth into the Anti-linter and the Pro-linters and proceedeth to wait for what must be to be. It was a time when much preaching was done to the converted.

Dearly beloved I say unto thee, it was in the first year of the reign of Bruce the Prodigal aka Bruce the Ditherer that the Plus became Minus, Higgins disappeared without a Warner, paper Daisies failed to bloom, and there were no Lint to remove.

And in the camp of the Pro-linters the faithful gathered for a great prayer meeting. Verily I say unto thee, they sangeth sankeys and reciteth from the good book. The High Priestess “describe potion” and spake unto the faithful saying “Be still” to which her assistants chorused “Tek it easy nuh man”. And so it was that having strengthened their faith they proceeedeth on an indefinite bus ride.

From the back seat of the bus there came grumbling of bills to be paid and bailiffs to be eluded. Dearly beloved, did the Sage One not warn about great pain before he was banished from the bus and his saying deleted by the Guardian of Unreality?

Dearly beloved, it came to pass that the Worshipped of The Day did speak. After he had “hemmed” and “haamed” and said a lot without saying a thing, the future was no clearer. Verily some heard what was to be heard while others heard what they wanted to hear.

Mi gawn bun a chalice and meditate some more