By Andre Bagoo
December 06, 2012 – newsday.co.tt
SIR ANTHONY Colman, chairman of the Commission of Inquiry into the collapse of Clico has described Director of Public Prosecutions (DPP) Roger Gaspard’s application to halt the inquiry or make it private as being “misconceived”, but said it is ultimately up to the Government to decide whether the inquiry should continue in light of a purported start of a police probe.
Continue reading Sir Anthony knocks DPP
Most shocking
Newsday Editorial
September 21, 2011 – newsday.co.tt
Scandalous is the word for revelations about the behind the scenes wheeling and dealing at CL Financial, the cooking of the books, the hiring of a convicted felon to serve as the group’s global representative and other dubious deals geared toward fulfilling one, single-minded objective: the establishment of a global empire.
Continue reading Scandalous Wheeling and Dealing at CL Financial
By Raffique Shah
June 12, 2011
CIVIL lawsuits filed by the Central Bank last week against two of the most senior CL Financial directors, elicited scepticism across the country. Lawrence Duprey and Andre Monteil may now face the courts and answer wide-ranging allegations, from fiduciary irresponsibility to misappropriation of funds. The matters are now sub judice, so we cannot discuss them here, or anywhere else in the public domain.
Continue reading Delayed justice is a national joke
DPP Probes Duprey
Attorney General Anand Ramlogan yesterday directed that all files coming out of the probe into the collapse of insurance giant CLICO be forwarded to Director of Public Prosecutions (DPP) Roger Gaspard to determine if criminal charges should be laid against former CL Financial executives Lawrence Duprey and Andre Monteil.
Continue reading DPP Probes Duprey, Monteil
By Stephen Kangal
April 05, 2009
I wish to bring to the attention of civic society that First Citizens Bank (FCB) is exploiting former CIB depositors, most of whom are senior citizens. FCB is holding us to ransom although the State has made tax-payers money available to finance the bail-out or the buy-out and made public guarantees to assuage and allay the fears of CIB customers.
Continue reading First Citizens Exploiting CIB Depositors
By Raffique Shah
Sunday, March 15th 2009
Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog
When she entered the political arena and accepted the Cabinet position of Minister of Finance, Karen Nunez-Tesheira must have been familiar with the adage, “In politics, perception is reality.” She would also have been aware that politics exposes office holders to intense scrutiny, and more than that, all politicians are presumed to be corrupt and liars unless or until they prove otherwise. In other words, politics is downright dirty business.
Continue reading Karen’s dilemma
Express Editorial
March 14th 2009
Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog
With the charges and countercharges and demands for resignation, we remind readers that the core of the matter is law and the rule of law. It is quite irrelevant that Ms Nunez-Tesheira may not see a conflict of interest in participating in a decision-making of the Government bailout of CLICO and CL Financial. Nor are the views of Prime Minister Manning and of Mr Duprey that there is no conflict of interest. Nor can we accept Minister Enill’s advice to consider the bigger picture.
With the obvious conflict, Minister Mariano Browne should properly have been point man, and the finance minister should have stood down from the relevant Cabinet discussions. Whatever individual parties may consider of their preferred definition of a conflict of interest, we remind all that there is the Integrity in Public Life Act 2000 which is the law of the land. And there is no ambiguity in the wording of the law and the normal processes to be followed.
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By Raffique Shah
March 01, 2009
FOR too many years we have haggled over what the minimum wage should be in this country: should we pay the poor buggers $9 an hour, or $10? That would amount to less than $2,000 a month, but it’s worth fighting over. For those trapped in this gloomy underworld-not so hidden, since we shop at groceries and stores where they labour every day-it could mean being able to afford an extra “doubles” for lunch, or buying their children the toys they so covet. As far as I am concerned, what we call a minimum wage is in fact starvation wage, a kind of semi-slavery endured only by those who have no other options, except perhaps to turn to crime.
Continue reading Taxing the million-dollar men
By Stephen Kangal
February 10, 2009
It is patently clear to me that had not CL Financial magnate Lawrence Duprey made his pre-emptive approach to Government in mid-January to mobilize State injection of liquidity into his cash-strapped investment bank, CIB, CMMB and insurance giants CLICO and British American it would have been business as usual to date.
But within the passage of a short time these major financial institutions would have eventually collapsed with catastrophic consequences for the savings of policy holders and depositors as well as for the rest of the economy of Trinidad and Tobago and the Caribbean. The Central Bank has been failing us the people of T&T for a long while. That is why Mr. Duprey the avant garde, visionary indigenous industrialist has retained our admiration. But the Government wants to hoff his crown jewels.
Continue reading Central Bank Governor Williams Must Resign
By Raffique Shah
February 08, 2009
Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog
UP TO ten days ago, Lawrence Duprey was one of most admired businessmen in Trinidad and Tobago. He was not self-made, as some of his peers and predecessors were. He inherited the biggest and strongest insurance company in the country founded by his uncle Cyril. But having taken over the reins of CLICO, he quickly moved to diversify the insurance giant’s vast resources, to venture where no other local entrepreneur had, into the downstream energy sector.
Continue reading Beyond Duprey