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Stabroek News

Letters - Who killed Cash Plus?
published: Thursday | March 20, 2008

THE EDITOR, Sir:

I, like so many other Jamaicans, continue to be concerned that there appears to be no early resolution to the crisis facing investors in Cash Plus.

With the Financial Services Commission (FSC) having exercised its regulatory authority - despite earlier boasting by the Cash Plus boss that they could not be closed down - one would have thought that every effort would have been made to 'straighten up and fly right'.

It is being reported that the FSC is still awaiting necessary documentation from Cash Plus, in order to process its application for a licence.

In the meantime, there is no meaningful word from Cash Plus to its investors as to when they will receive their money.

The March 31 date was just a promise, with no real intent. One is therefore left to conclude that there is no urgency on the part of Cash Plus, while their investors languish.

The average Jamaican is blessed with an abundance of patience, but which, if pushed to the limit, becomes explosive beyond measure.

I would caution the Cash Plus management to immediately seek to conform to the regulations, while at the same time, keep their investors advised of their progress.

To do any less, will only confirm my suspicion that the management of Cash Plus, is less than honourable.

I am, etc.,

Less Cash

Kingston 8


Stop bashing Haiti

THE EDITOR, Sir:

I was appalled, to the point of throwing my hands up in despair, when I saw your 'Travel spots to avoid' article in The Sunday Gleaner, March 9.

I just cannot understand the forces at work, which are so intent on carrying out this unremitting demonisation of Haiti, a country struggling to climb out of poverty and isolation, which needs all of the assistance and investments it can get.

You cannot imagine how much harm this unjustified and relentlessly destructive press does to Haiti. Can you imagine what it would do to Jamaica's economy, to constantly be clobbered by this kind of exaggerated reporting?

I am, etc.,

Myrtha Desulme

President

Haiti-Jamaica Society

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