FNM & BACON RELATIONSHIP ON THE ROPES

All of the financial concerns of the Free National Movement are reportedly vanishing now that the “Plane Land” and the Money bags are full and ready for distribution. Thanks to the deep pockets of the Chinese, Louis Bacon and the Aga Khan; the FNM is poised to flood the streets and voters pockets with cash.

Could this be the reason why Ingraham confidently proclaimed that he will win the “Over the Hill” seats after he makes an appearance in the area next week.

With this reported injection of cash, Ingraham "The One Band" is in a must win situation if he is to please his financial backers, who are counting on a FNM Victory at the polls.

With the general elections just a matter of weeks away Bahamas National understands that most of the expected campaign funds for the upcoming election recently arrived secretly in the country through Andros. We also understand that it is a sizeable amount believed to be some $30 Million dollars. These funds are supposedly set to hit the streets this week in effort to secure a FNM win in the over the hill and depressed areas around the island. 

It’s because of dismal performances of Environment Minister Earl Deveaux, National Security Minister Tommy Turnquest and Minister of Foreign Affairs Brent Symonette we understand that Prime Minister Hubert Ingraham decided cut Ministers Deveaux and Symonette from his team because of the perception that both men's image and hands according to members of the public and media were to dirty.

       

Such perception of the FNM Cabinet Ministers especially for Earl Deveaux began when the permission was granted for mega-billionaire Louis Bacon to dredge for his marina in Lyford Cay after he had already done so. This was admitted by the government from the floor of the Senate.

   

It is alleged that Bacon made a large donation to the FNM during the 2007 campaign and has done the same again in 2012. Bacon is no stranger to contributing to political parties and organizations. Recently, Bacon has openly made generous donations to the Republicans in the U.S. and the Torries in the UK - countries where campaign finance disclosure is mandatory.

Then there was the permission granted by Environment Minister Earl Deveaux and the Ingraham FNM government and Bahamas National Trust giving permission to the Aga Khan for the dredging of the National Marine Park in the Exuma cays where millions of dollars were said to have been dispersed among the parties concerned.

But it all appear to come to a head about a year ago when popular talk show host Steve Mckinney began exposing the men while on the Gems 105.9FM radio station owned by then Debbie Bartlette and Cyprianna Mcweeney.

   

Because of the skillful manner in which Mckinney linked the Bell Island, Lyford Cay Point House, Kamalame Cay, Andros incidents together and that of the alleged rock mining by the Brent Symonette family that has been heralded by Pierre Dupuch a former FNM Cabinet Minister in the Hubert Ingraham government.

It is alleged that Ministers Earl Deveaux, Tommy Turnquest and Brent Symonette plotted with Debbie Bartlette to get Steve McKinney’s and his show "Hard Copy" off of her Gems radio station. This happened at a time when the radio station was in a financial crisis, falling months behind on payroll and other bills.

It is also alleged that Deveaux, Pereclise Mailis and other ministers pressed Ms. Bartlett to boot Mr. Mckinney off the radio station for which it is believed that she was handsomely paid to do.

Imagine, then, just how much the principals of the rich, famous and special interest groups must be paying the FNM government to ensure that they stay in power, and continue to support the ulterior motives of those with the cash to pull the hood over the eyes of those who care more about their own future than the future of the Bahamas.

It is also being said that the tarnished FNM government leaders are very scared that if they do not help their major financier Bacon in overcoming his questionable dealings in the Bahamas that the police is seeking questions about the FNM could lose his financial support and face possible defeat at the polls.

A major factor for the FNM is to help Bacon with is overcoming legal challenges in The Bahamas especially against his Lyford Cay neighbor Peter Nygard.

For the past several years the staff at Nygard Cay has reported to the police, many alleged illegal actions taken by Louis Bacon and his staff ranging from reports of trespassing to the alleged  planting of bugs and listening devices on Nygard’s property and vehicles.

   

Another issue was Bacon’s alleged use of illegal Ultra-Sonic speakers on Mr. Nygard and his guest that was seized by the police. Bacon’s lawyer Mr. Pereclise Mailis himself admitted to the use of the dangerous weapons on Nygard and his staff and friends. Police have yet to give a full report on their investigations into this matter.

Sources indicate that Bacon is afraid that if the FNM loses the government he would not be able to complete the objective of stealing Nygards land at Nygard Cay that is presently before the courts and if the Ingraham FNM party loses the government he would have to face the Bahamian courts on all of the matters relating to him and Peter Nygard which he (BACON) is afraid of losing.

According to what is being reported in the Bahamian media there is a good possibility that Bacon will lose his legal battle with Nygard because Nygards legal team has a very good case against Bacon.

It is being said that Louis Bacon is so afraid of losing his legal battle against Nygard in that it is alleged that Bacon is now calling on the Ingraham government to utilize the Attorney General’s office and that of the Chief Justice and other senior magistrates to put a rush on his court case and rule in his favor against Nygard.

It is also believe to have been said that if Bacon does not win his legal battles against Nygard he will cut off the FNM government and promise never to return to the Bahamas. This despite the fact that Bacon has already fled the Bahamas and put his Point House home in Lyford Cay up for sale.

   

Then there is also the Canadian Broadcasting Corporation case where they aired a negative expose on Nygard in an effort to discredit him despite his philanthropic efforts in Canada and the Bahamas. Mr. Nygard’s two former employees Allan and Michelle Mays who are both now fugitives on the run in the Eastern Caribbean countries are all mentioned with Louis Bacon in court dockets in Canada allegedly conspiring together to use the facility of the media to bring down the Canadian fashion mogul Peter Nygard.

And again just recently the billionaire hedge fund manager Louis Bacon had found himself in yet another questionable situation, this time with possible legal repercussions. His name was called in a major fraud action filed in the United States District court, in the southern district of New York. As chief of Moore Capital Management, he faces accusations of violating antitrust and racketing laws.

All of of these legal battle and major fraud cases in the Bahamas and the United States has the hedge fund king on the run and such actions have put the Ingraham FNM party in a financial bind in that such a great financial backer for their elections in the past could be in great jeopardy maybe because this time Prime Minister Hubert Ingraham, Earl Deveaux,Tommy Turnquest and entire government cannot fix a bad situation that has now run its cause over the period of years in the Bahamas where just maybe, justice will be served on both Louis Bacon in his long run with the law and the Ingraham FNM government in the 2012 general elections.