FNM Still Reeling After Election Defeat

Louis Bacon

Hubert Ingraham

Former Prime Minister Hubert Ingraham is still hanging his head in shame after boosting up rich foreign investors about the Free National Movement's (FNM's) chances for election victory on this past May 7.  However he let down dozens of them and topping the list are investors such as Aga Khan IV and Louis Bacon who had everything in terms of their investments in the Bahamas dependent on the FNM victory.

For the Aga Khan, Bell Island has already been damaged but at least with the new Progressive Liberal Party government in power, he won't be able to destroy the once pristine island again without proper approval.

Earl Deveaux

But the investor most irate is Louis Bacon; he funneled so much money to the FNM for the elections and was so convinced of their win by his close comrade former Environment Minister Earl Deveaux, that he is still reeling after the defeat.




Election sponsors in America and the UK must be declared b y the political parties seeking governance.  That is why the Republican Party and the Tories both declared that Louis Bacon sponsored them a half a million dollars, noting that it is understood by many that the donations may actually far exceed what is declared.  With this in mind, the amount of money that Louis Bacon gave the FNM is suspected to be in the millions.

This is why it is believed that former Minister of National Security Tommy Turnquest and Former Leader of Government Business in the Senate Dion Foulkes stuck their necks out and accidentally tarnished their image by admitting and defending an investor who had brought mega speaker weapons into the country and was allowed to keep them; and who dredged his private drug-running style marina along the coast at his house illegally.

Tommy Turnquest

Bacon was dealt the worst hand of all the investors when days before the May 7 General Elections, he was listed on a criminal docket which brought charges against him and several others accused of using illegal tactics to bring down his neighbor and enemy, Peter Nygard.  Managing Director of the Lyford Cay Property Owners Association Mary Braithwate was also listed on the docket for her party in ignoring the pleas of Mr. Nygard as his neighbor used terror tactics in his efforts to build his property up over Nygard Cay.  A private investigator and former police officer were also listed for their part in seeking out employees and former employees of Nygard to pay them thousands of dollars to make up lies against him in order to tarnish his name.  Employees of the Canadian Broadcasting Corporation were also caught up in the foray for assisting Bacon in his illegal attempt to bring down his neighbor by airing a nationally viewed documentary in Canada full of lies about Nygard, a well-respected fashion mogul in Canada.

Bacon's dangerous speakers are used by the military (LRAD devices)

Bacon's luck could get no worse - one of the last duties of Former Attorney General John Delaney, as instructed by Hubert Ingraham, was to enter a nolle prosequi on the case as it went to the Magistrate's Court.  However, in their rush, AG officers failed to include Nygard's name in the annulment request.  Delaney signed the paper which allowed all but Bacon to duck the criminal case for now.

Therefore, according to Nygard Attorney Keod Smith, Bacon remains a fugitive and can be arrested wherever police officers locate him.