PLP statement: Prime Minister must explain Cable & Wireless ties with Mark Holowesko

The Government of the Bahamas announced at the closing of the 51% shareholding to Cable & Wireless several new directors including Mr. Mark Holowesko, a director of Franklyn Templeton Investments, which is presently chaired by former US Treasury Secretary Mr. Nicholas Brady.

Confirmation of the status of Mr. Holowesko’s involvement with the Templeton Fund may be accessed by clicking on the link below for the unaudited annual report for Franklyn Templeton Investment Funds for the year ending December 31st, 2010.

This fund is a significant player in the international investment scene with multibillion dollar assets totaling more than $120 Billion Dollars.

Franklyn Templeton are also shareholders in Cable & Wireless Worldwide, the parent company of Cable & Wireless Communications, the parent company of the new privatized Bahamas Telecommunications Company.