Major Stories

Paulwell Questions Insurance Money and Sale of Jamalco

A People’s National Party (PNP) Divisional Conference aimed at endorsing Councillor Oliver Clue, saw Member of Parliament Phillip Paulwell demanding answers to several questions in relation to Jamalco.

Paulwell also questioned the government’s position in allowing the refinery to be sold for one U.S. Dollar rather than the state purchasing it, therefore gaining one hundred per cent  of the shares. Opposition Spokesman on Energy and Member of Parliament,  Phillip Paulwell says he has several questions for the minister of finance regarding Jamalco, which he has been asking since January but has not gotten any concrete response. 

The Jamaican government has a 45% share in the alumina refinery. However, a fire in 2021 ravaged sections of the plant and halted operations for which Paulwell recounts the government brought a claim on the insurance company. Paulwell says the government admitted the 250 million USD was recovered from the insurance company, adding the money was spent on the plant and its eighty per cent in operational mode. Yet, Paulwell questions the legitimacy of this statement. Watch the report:

Reporter: Kimberly Henry. 

For more stories, visit Major Stories | Breaking News | Latest Developments – CVM TV

Recent Posts

⁩ 8 PEOPLE ARRESTED IN ILLEGAL SLAUGHTERHOUSE MATTER

An illegal slaughterhouse was uncovered at Big Lane, Central Village, St. Catherine, around 7 AM…

1 day ago

Government Wins Appeal in Court Ruling on Paula Llewellyn’s Tenure

The Court of Appeal has ruled in favour of the government regarding the tenure of…

2 days ago

FLOW Reports Major Vandalism of Fibre Cables in Half-Way Tree

Flow Jamaica is reporting severe vandalism that has disrupted services for numerous customers in the…

2 weeks ago

CHEC Selected As Main Contractor for Multi-Billion Dollar SPARK Programme

The Government of Jamaica has signed $36 billion in road network contracts and announced an…

2 weeks ago

Indecom to Offer Oversight in Mas Camp Incident Allegedly Including Off-Duty Police

The Independent Commission of Investigations (INDECOM) will provide oversight regarding the Mas Camp incident, which…

3 weeks ago

New Integrity Commission Reports Reach Parliament

The Integrity Commission has submitted an investigation report and an indicative ruling from its director…

3 weeks ago