7 News Belize

Guess Who's Back!? "Friend Glen"
posted (March 5, 2012)
And amidst all this back and forth about Telemedia - there's news tonight about that other phone company, the one that couldn't quite get off the ground - Intelco.

A report from out the US says that a new formed Florida company called GDG Acquisitions, - GDG - presumably as in, Glenn D. Godfrey - is suing the Government of Belize for ten million US dollars.

The article says that GDG Acquisitions has filed a civil suit against The Government of Belize in U. S. District Court.

GDG cites an Agreement was originally entered into on December 18, 2002 and signed by Godfrey, as Chairman of Intelco, and Ralph Fonseca, as "Minister of Budget Management" for the Belize Government.

GDG says Government owes it $10.3 million dollars for "failing to pay rent or return telecommunications equipment that the Government allegedly leased from Intelco in 2002-2003."

GDG is also asking for an additional half a million Belize dollars per month until the equipment that was allegedly leased is returned.

The suit refers to one of those special deals: a pledge Fonseca made to lease the equipment for an intercom system - a system that is still not fully functional and was never properly commissioned - yet Government paid 12 million US dollars for it - and still owes much more according to the suit.

A government rep has indicated that The Government of Belize will defend the case in Miami.

We are told there is another Godfrey suit pending, this one based on a 2005 agreement that Intelco has filed in Belize against Telemedia. That one is claiming a whopping 48 milion US dollars in assets - based on an agreement that was signed with the Jeffery Prosser group in 2005 when it was in control of Belize Telecommunication limited.

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7 News Belize