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Oct 9, 2009

Employee Trust challenges GOB takeover of Telemedia

Story PictureThe legal battle on the hasty expropriation by government on Telemedia is on. Late word to News Five this evening is that a constitutional challenge has been mounted against the government’s nationalization of Belize Telemedia Limited. On August twenty-fourth, the government rushed a Telecommunications Amendment Bill through the House of Representatives and by the afternoon of August twenty-sixth, a government-appointed Board of Directors had taken over Telemedia, which includes the prime minister’s son Anwar and his former wife, Lois Young. The B.T.L. Employees Trust, which holds twenty-two percent of shares in Telemedia seized by G.O.B., filed a constitutional challenge to the expropriation. The basis of the claim is that the expropriation was not for a public purpose and was arbitrary and discriminatory. We will have more on this story in our broadcast next Tuesday. But back at St Thomas Street, it is reported that a salary increase due on October first has not come through. There was no one to answer when we checked since Board Chairman Net Vasquez is out of the country.


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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