HOUSE & HOME MONDAY
Good Days Start HERE!
Monday,
February
CARS! CARS!
8, 2021
The Tribune Established
Being Bound To
Swear To The Dogmas
1903
Of No Master
The Tribune tise Call
To Adver
-2351
601-0007 or 502
Starting at
$33.60
CLASSIFIEDS TRADER
ed
VAT includ
Established 1903
i’m lovin’ it!
HIGH 86ºF LOW 75ºF McGriddles
Sweet & Savory Mornings
L A T E S T
Volume: 120 No.249, November 21, 2022
N E W S
O N
T R I B U N E 2 4 2 . C O M
Biggest And Best!
THE PEOPLE’S PAPER: PRICE–$1
DID FTX BREACH FREEZE ORDER?
Filing for bankruptcy could have violated Supreme Court ruling By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net FEARS have been voiced that FTX’s co-founder violated a Bahamas Supreme Court Order when he placed some 134 group entities under Chapter 11 bankruptcy protection in Delaware. US attorneys representing the Bahamian joint provisional liquidators for FTX Digital Markets, the collapsed crypto exchange’s local subsidiary, have raised concerns that Sam Bankman-Fried breached the asset freeze and order obtained by the Securities
Commission on Thursday, November 10, through such actions. That order, issued by Chief Justice Ian Winder, also stripped Mr BankmanFried and his fellow FTX Digital Markets directors of all their powers and transferred control of the company to Brian Simms KC, senior partner at the Lennox Paton law firm. However, the FTX cofounder then signed the documents placing FTX Trading and the group’s non-Bahamian assets into Chapter 11 protection at 4.30am on Friday morning.
By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
THE Free National Movement yesterday doubled down on calls for government transparency in the aftermath of the FTX collapse, with its chairman Dr Duane Sands insisting the Davis administration
must be seen to want to urgently get to the bottom of the situation. Dr Sands said that while the government was not responsible for the implosion of FTX, there remained many lingering questions and assertions that needed clarification. SEE PAGE THREE
By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
THE United Nations Conference of the Parties (COP27) has established a loss and damage fund to aid vulnerable nations like The Bahamas in view of continued climate change and its significant impacts. The development of the fund is considered historic and all parties have been mandated to work constructively to design and operationalise the fund over the next 12 months to have it ready by the next COP in 2023 at the Dubai Expo City. The conference this year was held at Sharm El-Sheikh, Egypt, from SEE PAGE FOUR
PINTARD: SEARS SHOULD RESIGN OVER BPL FAILURE By LETRE SWEETING lsweeting@tribunemedia.net
FULL STORY - SEE BUSINESS
FNM: GOVT NEEDS TO SHOW TRANSPARENCY OVER FTX
FUND SET UP TO HELP CLIMATE-HIT NATIONS
JOLLY TIMES AT JOLLIFICATION SMILES from attendees at the Jollification event at the Bahamas National Trust, held at the weekend. For more photographs from the event, see PAGE TWO. Photo: Austin Fernander
FREE National Movement leader Michael Pintard on Friday called for Works and Utilities Minister Alfred Sears to resign, pointing to what he called a “failure of the government to act appropriately to reduce the cost of electricity”. Mr Pintard made the remarks outside the Office of The Prime Minister where he led a press conference in the parking lot surrounded by more than 20 party members, including FNM chairman Dr Duane Sands. An equal number of police officers, who had blockaded the parking lot and cut off the access to the front lawn of the building, were also present. SEE PAGE 12
MURDER TALLY NOW EQUALS 2021 TOTAL
INSIGHT
A MAN was shot dead in Grand Bahama on Friday, pushing the country’s murder count to 119 for the year, on par with last year’s total. It was one of several violent incidents over the weekend, with police investigating a shooting and a stabbing in New Providence that left two men in hospital.
WAS THE HOUSE OF ASSEMBLY MISLED?
By LYNAIRE MUNNINGS lmunnings@tribunemedia.net
THE SCENE of the shooting. With several weeks left in the year, the country is poised to surpass last year’s figure, prompting Free National Movement deputy leader Shanendon
Cartwright to say that the Davis administration has failed to lead the Bahamian people amid the complexity of the country’s “crime problem”. Police said that on Friday, shortly before midnight, the police control room received a report of a shooting incident at a business in Hunters, Grand Bahama. According to reports, the victim was approached by a gunman who discharged SEE PAGE FIVE
Nassau & Bahama Islands’ Leading Newspaper
SEE PAGE EIGHT