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Galaxy Arrears Passport Scandal deepens as unpaid LUCELEC bill raises concerns over billions in missing funds.
The latest revelations surrounding Caribbean Galaxy Real Estate Ltd are nothing short of alarming. Galaxy, which has long been implicated in Saint Lucia’s passport sale scandal, is now embroiled in yet another controversy—this time over unpaid utility bills. The LUCELEC bill, showing an arrears of over $37,000, paints a troubling picture of a company that is financially unstable yet entrusted with billions of Saint Lucian dollars.
This latest revelation adds to the already scathing criticisms of Galaxy’s role in the Citizenship by Investment Programme (CIP). With billions funneled into the company through the controversial infrastructure option, Saint Lucians are left wondering how Galaxy can be expected to account for the $1.4 billion in missing funds when they can’t even manage to pay their electricity bill.
01
of 04A Pattern of Deception and Financial Mismanagement
Galaxy’s unpaid bill is not an isolated incident but part of a much larger pattern of financial mismanagement. Previous reports have highlighted how the company has been at the center of Philip J. Pierre and Ernest Hilaire’s passport sale scheme. The infrastructure option, created by the two Labour Party leaders, has enabled Galaxy to sell passports under the guise of development projects. Despite these promises, billions remain unaccounted for, leaving the country to question how such an unreliable entity could be trusted with Saint Lucia’s financial future.
Furthermore, it was revealed through government gazettes that laws were backdated to legitimize Galaxy’s passport sales, creating a veil of legal protection around their questionable activities. This retroactive legislative maneuvering only deepens suspicions of collusion between the Labour Party and Galaxy, and adds another layer to the web of corruption that surrounds the CIP.
02
of 04Financial Instability Exposed
If Galaxy can’t pay a relatively small bill to LUCELEC, how will they account for the massive sums they’ve received through the CIP? The past due amount on their electricity bill, totaling $37,419.08, reveals a company in financial turmoil(LUCELEC BIll dd 07.08.2…). This is particularly concerning given the billions of dollars that have flowed through their hands as part of the passport sales infrastructure option.
The inability to manage such basic financial obligations raises serious doubts about their capacity to meet the larger commitments they’ve made to Saint Lucia’s government and people. For a company entrusted with billions, the failure to pay even a modest utility bill is nothing short of scandalous.
03
of 04No Accountability, No Transparency
This isn’t the first time that Galaxy has found itself at the center of negative press. Over the years, there have been numerous red flags surrounding the company’s lack of transparency and accountability. Yet, the Labour Party continues to support their involvement in the CIP. The billion-dollar question remains: why?
Prime Minister Philip J. Pierre and Ernest Hilaire have yet to provide answers regarding the missing funds or Galaxy’s financial woes. The silence is deafening, especially as more evidence mounts that the infrastructure option was nothing more than a political and financial smokescreen. The backdated laws, unpaid bills, and missing billions paint a picture of a government more interested in covering its tracks than protecting the interests of its people.
04
of 04A Nation in Crisis
Saint Lucia deserves answers. The passport sales scandal involving Caribbean Galaxy Real Estate Ltd is not just a financial misstep; it is a betrayal of public trust. The billions funneled into Galaxy through the CIP remain unaccounted for, while the company struggles to meet even its basic financial obligations. As these revelations continue to unfold, it becomes increasingly clear that Galaxy is not the reliable partner it was made out to be.
The government’s willingness to backdate laws and legitimize Galaxy’s questionable activities only deepens the public’s suspicion. Citizens are left to wonder: if Galaxy can’t pay their LUCELEC bill, how can they be trusted to recoup the billions in missing funds?
Saint Lucia is at a critical juncture. The LUCELEC bill is more than just an unpaid utility—it is a symbol of the larger financial crisis plaguing the country’s CIP under the Labour Party’s leadership. For too long, this government has allowed a select few to profit at the expense of the nation. It is time for accountability, transparency, and a full investigation into Caribbean Galaxy Real Estate Ltd and the role they have played in this monumental scandal.
