Fifth submission to the Commission of Enquiry into the failure of CL Financial Limited, et al

9th September 2011

Afra Raymond’s fifth submission to the

Commission of Enquiry into the failure of
CL Financial Limited
Colonial Life Insurance Company (Trinidad) Limited
Clico Investment Bank Limited
Caribbean Money Market Brokers Limited and
The Hindu Credit Union Credit Union Co-operative Society Limited

My name is Afra Martin Raymond and I am a Chartered Surveyor, being a Fellow of the Royal Institution of Chartered Surveyors.  I am Managing Director of Raymond & Pierre Limited – Chartered Valuation Surveyors, Real Estate Agents and Property Consultants.  I am also the President of the Joint Consultative Council for the Construction Industry (JCC), an umbrella organisation which represents the interests of Engineers, Surveyors, Architects, Town Planners and Contractors in this Republic.

This submission is being made in my personal capacity and does not represent the position of either Raymond & Pierre Limited or the JCC.

My work on this vital issue can be seen at

I am willing to give oral evidence before the Commission.

This submission is supplementary, providing an update on the work which I have published since the fourth 4th July 2011.

The three articles in this submission are –

Date of Publication Title Abstract
6th July 2011 Colman Commission considerations Questioning the reluctance of persons who lost monies in the CL Financial fiasco to appear as witnesses.
27th July 2011 Lessons from the Financial Crisis Probing the causes and consequences of the crisis.
30th August 2011 The Colman Commission – Cloudy Concessions The concession to allow witnesses’ statements as to the quantum of their investments to go unpublished is critiqued.

I do believe all the items in this submission to be true and correct.

Afra M. Raymond B.Sc. FRICS

Apt. #14, Highsquare Condominiums,
1a Dere Street,
625 8168 (h)
678 9802/350 6215 (c)
625 6230 (d)


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