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PNP withholds comment on Paul Burke's letter regarding Petrojam purchase

The People's National Party (PNP) says it will not comment on the contents of a letter sent by its former general secretary, Paul Burke, to Prime Minister Andrew Holness regarding the purchase of Venezuela's 49 per cent stake in Petrojam.
 
The PNP on Monday said its position remains that the oil refinery should continue to be government-run.
 
In the letter to the Prime Minister on Saturday, Mr. Burke disclosed that he was acting on behalf of a group of investors when he made an offer to buy Venezuela's stake in Petrojam for US$55 million.
 
He said he stands to make US$1 million if he successfully brokers the deal.
 
Mr. Burke said he was seeking to clear the air on his role in relation to the offer which has been the subject of public discussion in recent days.
 
The former PNP General Secretary disclosed that, in addition to his US$1 million fee, an attorney acting on his behalf in Venezuela stands to earn a success fee of US$400,000.
 
Mr. Burke said he received no up-front payments, incentives or allowances.
 


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