Minister scotches HSBC rumours
Environment Minister Walter Roban this afternoon scotched rumours that he is professionally or personally linked to HSBC.
In a statement this afteroon, Mr Roban said: “The allegations, made in the public domain this week, were in the context that Minister Roban would benefit through this link from the passing of the Special Development Order for Tucker's Point in that it would prevent the hotel from going into receivership.
“The allegations went on to claim that this would ultimately allow HSBC, who hold the mortgage for the Tucker's Point Club, to get a repayment on the loan, which was issued to the Tucker's Point Club.”
Mr Roban said he terminated his employment with HSBC in December 2010. Previous to that, from August 2009 to December 2010, he said he took a temporary leave of absence to fulfill his Ministerial duties, during which time he was not on company payroll.
The statement added: “In response to further allegations, Minister Roban confirmed that as an employee of HSBC he was not involved in discussions about how Tucker's Point Club could find a way to pay back its loan to HSBC. Nor did HSBC at any time present him with a plan to build private residences at Tucker's Point Club and never was he involved in drafting such a plan.
“Minister Roban added that he has never had shareholdings in Bank of Bermuda or HSBC and that rumors saying the contrary are incorrect.”
Jamaican denies smuggling $647,900 in heroin
Siblings make a strong start in business
Pepper-spray payouts on House agenda
First black to hold a hotel licence
Drug developer seeks Bermuda clinical trial
New doctor at Bermuda Medical Specialties
Expert fears stalled plan on cyberbullying
New financing for Morgan’s Point ‘close’
Fintech training to be prioritised
‘Hungry’ man caught stealing meat
Brick business a labour of love for ex-pilot
Motorcyclist remembers nothing of crash
Drug addict jailed for thefts
Bermuda love affair since 1959
Take Our Poll
- "Your new year's resolutions for 2019"
- Quit smoking
- Quit drinking/drink in moderation
- Do not drink and drive
- Lose weight
- Stop procrastinating
- Drive with greater care
- Total Votes: 2607
- Poll Archive