Nygard pays Gibson Monthly Deposits

Bahamas, April 24, 2017 – Nassau – Reports are that Peter Nygard, owner of Canada’s largest fashion house Nygard International, made direct deposits of USD $5000 per month into the Bank of America account of Golden Gates MP Shane Gibson prior to the general election in 2012 and into 2013 when he was a minister. The payments totalled $94,131.10.

He claimed the money was used as a contribution to his 2012 election campaign and for community initiatives in the Golden Gates constituency such as scholarships to students.

The deposits were made once per month in $5,000 tranches between August 4, 2011, when Mr Gibson was an opposition parliamentarian, to January 8, 2013, when Mr. Gibson was a substantive Cabinet minister.

Finanical documents obtained, appearing to be records belonging to Mr. Nygard, revealed that eighteen of Mr Nygard’s payments to Mr Gibson were listed as being for “professional services”, though one of $4,131.10 was listed as being for “travel” from Nassau to Miami.

In the absence of campaign finance legislation or regulations for money donated to constituencies, Mr. Gibson is not prohibited from receiving any amount of money from a person.

In a statement released last night, he noted: “Thanks to contributions from Mr Nygard and others, I, as a member of Parliament was able to continue many community initiatives like a scholarship programme, awarding tens of thousands of dollars in scholarships to deserving students in my constituency whose parents could not afford to cover their full tuition.”

Peter Nygard

Document showing Nygard’s deposits to Gibson. 

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