|deposit, the leak and fallout|
|Tuesday, 17 October 2006 10:25|
Ah! The world of politics. Last week while we were busy focusing on the fallout from Mark Foley’s e-mail scandal,
However, the matter needs careful analysis before we allow party political preferences to cloud both common sense and sound judgment.
With countries like Jamaica and other Caribbean countries lacking proper political financing regulations, as is present in Britain and the United States, questionable political funding will continue to come in from various sources.
This is not the first time that there has been controversy surrounding financial contributions being made to political parties in
Now, we are not for a moment saying that this justifies the PNP taking money from a foreign company, doing business with the same government that the PNP administers. However, with elections looming, the opposition Jamaica Labour Party is capitalizing on what should be considered a wake up call for reforming campaign financing. These reforms are critical for more reasons than one, as oftentimes, what seem to be political contributions are not unconditional “gifts”. Rather they are political investments since contributors use them as influential leverage with politicians for personal benefits.
Consequently, we can understand the public perception of a foreign company currently doing business with the government, making such a large contribution to a political party that forms the government, which is likely to retain power in the upcoming elections. Although the contribution by Trafigura is not illegal, it appears to be what a columnist in
The leaking of the information is another, very critical, side to the current controversy, as it relates to the matter of privacy and confidentiality of the Jamaican banking sector. Reports are that it was a senior female executive at First Caribbean International Bank (FCIB) who leaked confidential information to the JLP about the Trafigura deposit into a PNP account (CCOC & Associates). Bruce Golding, who could possibly be
It’s amazing how in
Although we are not condoning the source of the contribution, or the way it was handled, the leak(s) from FCIB should not have happened, and especially not taking place in apparent support of, and used by, a political party that has been claiming moral self-righteousness over recent months.
Through the action of the FCIB executive, now the Jamaican banking sector which seemed to have been above the tentacles of corruption, is now a part of it, and so is the JLP, the PNP, and by extension the government.
A senior member of the JLP has defended the leak from FCIB as being “in the national interest,” but how does one interpret what is in the “national interest”? Sure, the JLP will defend the leak as it was in the party’s interest, but was this really the national interest? Did the leak by FCIB, for example, expose
|Last Updated on Tuesday, 17 October 2006 10:25|