Managing Director, Raymond & Pierre Ltd.
Immediate past-President, Joint Consultative Council for the Construction Industry, Trinidad and Tobago- December 2010 to November 2015.
Past President Institute of Surveyors of Trinidad & Tobago 2009-2010.
“…The official also pointed out that no interest was ever charged on the amount of money that was loaned to the CLF group…”
—Quote from an anonymous ‘Government official’ in this newspaper on 21 July 2017.
A bold-faced snatch-and-grab is now being attempted and our total vigilance is now required. According to the ‘Occupy Wall Street’ protestors I saw at Zuccotti Park in 2012 –
‘If you are not Outraged, You haven’t been paying attention!’
Last week I spoke to the epic legal mangle which was about to engulf us all in relation to the CL Financial bailout fiasco. It is important to know that it does not matter if you had an investment in CLF or were a shareholder. It does not matter at all. This issue is so huge that every citizen has skin in the game. That includes the unborn ones and those CARICOM citizens who are not citizens of T&T. Continue reading “CL Financial bailout – the Tangled Web”→
This is my interview with Rennie Bishop on 107.7 FM on Sunday 16 July 2017 to discuss the Eden Gardens debacle now come to light and continuing CL Financial bailout. Part 1 and Part 2. Video courtesy TTRN -Trinidad and Tobago Radio Network Limited.
The CL Financial bailout fiasco is headed towards an epic legal mangle as Lawrence Duprey and his cohort aim to regain control of the Caribbean’s largest-ever commercial/financial group. In swift response, the Minister of Finance is making legal moves to put CLF into liquidation.
At the root of this dispute is the actual sum of Public Money spent on this immense bailout and when, or if ever, it is to be repaid. I have been involved in extended litigation to get the details of the bailout from the Ministry of Finance and the High Court ruled in my favour in July 2015, with that result now being contested in the Appeal Court.
This is my 17 July 2017 ‘Morning Brew’ interview with CNC3’s Hema Ramkissoon on the continuing drama that is the CL Financial bailout. The “chess game” for control is active at this moment, but the propriety of a wholesale return of the group to those chiefs who brought the company to its knees in the first place is still to be debated. Video courtesy of CNC3 Television.
Programme Date: 17 July 2017 Programme Length: 00:26:14
In today’s world of ‘Alternative Facts’ we have to be alert to the special dangers posed by ‘False Equivalence’. False Equivalence arises when two arguments are presented as being of equal relevance, but in fact one is solidly fact-based and the other is mere speculation or invention. Those dangers are especially present in matters of public importance, as recent events have shown.