What Happens to Sanctuary Bay’s Land?

One of the questions posed to the Prime Minister is what happens now to the lands that scammer Andris Pukke and his associates had secured for this real estate scam. According to the Prime Minister, the lands are owned by Sanctuary Belize and not Atlantic International Bank Limited.

Prime Minister Dean Barrow

“Those lands don’t belong to A.I.B.L. you know. Those land belong to Sanctuary Bay and it is those land that the receiver appointed by the U.S. Court either will take custody off or has already taken custody of via the services of that excellent law firm, Barrow and Williams.”

Dean Barrow

Reporter

“Did the lands department or the Ministry of Lands collect fees since the land is in Belize, land transfer tax?”

Prime Minister Dean Barrow

“I would think so. One of the efforts to be helpful involved them sending to us the F.T.C. a list of the victims who have not yet received title to the lands they bought. The lands department will move expeditiously to transfer title to those who have bought lots from Sanctuary Bay but who have not yet received their document. We would do so of course upon payment of the necessary fees if they have not yet been paid. A number of others were pending the payment of stamp duty and a number of others had not yet been submitted to the lands department for processing.”