May 18 - GSD Calls For “Full Disclosure” From Isola
The GSD says that the “aggressive tone and unsupported accusations of laziness, recklessness and negligence” contained in the Government’s response to the GSD’s revelations about Albert Isola’s part ownership of a Bahamas company, “indicates that a raw nerve has been touched.”
The Opposition says that this begs the question why does Albert Isola not make full disclosure, instead of “mounting an attack on the Opposition based on distractions and inaccuracies?”
A statement released yesterday continues: “The GSD maintains that there has been a failure by Albert Isola to disclose this interest in his Declaration of Interest form. What results in Gibraltar being tarnished is Albert Isola’s failure, not any actions of the GSD Opposition, which is meeting its democratic responsibilities.
“That his interest in the Bahamian company related to his previous work as a professional lawyer is no answer and is mere distraction. The GSD has not questioned Albert Isola’s professional conduct or probity. The GSD has questioned his failure as a Member of Parliament to make the required disclosure.
“The statement that Fiduciary Group owns the Bahamian company, Artnell Associates Ltd, conflicts with the information obtained from the “Panama Papers”. This information shows that this company is owned personally by individuals, including Albert Isola. Consequently, the disclosure of his interest in the Fiduciary Group does not excuse his failure to disclose his interest in this Bahamian company.
“The mention of Daniel Feetham and Elliott Phillips having been partners at Isolas is a further distraction. Their partnership at Isolas did not result in ownership of either Fiduciary Group or Artnell Associates Ltd. Neither of them have ever had any interest in either company or previous knowledge of their activities.”
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