Member of the political group The Alliance, Myron Walwyn, has publicly challenged portions of Premier Dr. Natalio Wheatley’s June 6th statement regarding the closure of Bank of Asia (BVI) Limited and the deposit of five million dollars while the bank was already in liquidation. According to Walwyn, certain details in the Premier’s remarks were not truthful.
Speaking on The Alliance’s radio programme, Walwyn criticized the Premier’s handling of the situation, stating that it is misleading comments like these that contribute to public distrust in politicians.
In his original statement on June 6th, Premier Wheatley said he had requested an internal audit of the transaction to reassure taxpayers and promote transparency. He expressed hope that the audit would provide clear insight, build public confidence, and lead to a better understanding of the matter.
However, Walwyn dismissed this move as inadequate. He argued that an internal audit is simply a management tool and not a mechanism for public accountability, pointing out that the results of such audits are typically not disclosed to the general public.
Walwyn further questioned the integrity of the process, asserting that the Premier should not initiate an audit in a case where he has personal involvement. He described the decision as inappropriate and said it undermines the credibility of the review.