Thursday | February 26, 2015

Bermuda gov’t takes over city’s finances

Published:Saturday | December 21, 2013

Bermuda’s Home Affairs Minister Michael Fahy has taken over the finances of the city of Hamilton after the municipality was accused of a string of violations.



The move comes a week after a report tabled in the Bermudan Parliament cited several cases of mal-administration, including questionable expenditures and possible conflicts of interest.



Among the examples cited was an expenditure of US$2,319 on two suits, shirts and ties for Mayor Graeme Outerbridge.



The report was also critical of how a US$300 million waterfront development project was tendered, concluding that the process was heavily flawed.



Speaking during a press conference yesterday, Fahy called the decision to take over the municipality’s finances regrettable, but said it was made in the country’s best interests.



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