Lawrence Duprey and the other CL Financial chiefs could soon be regaining their positions, which is a public concern at this time. I consider that to be an unacceptable prospect and that was stated in my joint open letter to the Central Bank Governor on 31 January 2017. Both Anthony Wilson and Mary King took issue with those views of mine in the Business Guardian of 27 April 2017.
The arguments coming from Wilson and King emphasise Duprey’s property rights as the major shareholder of CLF. Wilson, who is the Business Guardian editor, appears to agree with me that the CLF chiefs could not satisfy the central bank’s ‘fit and proper’ rules which apply to those who direct, manage and hold controlling shareholdings in financial institutions. He also made the important point that there are companies in CLF which are not financial institutions and therefore Duprey ought to be able to regain control of those, provided the bailout sums are recovered. The main non-financial companies in the CLF group are Home Construction Ltd., Angostura, CL World Brands and CL Marine. I am still unclear, from Mary King’s article, whether she holds the view that the CLF chiefs are still fit and proper persons. Continue reading “CL Financial bailout – the endgame”
This is an interview on the issue of Lawrence Duprey regaining control of CL Financial…Richard Noray and I were interviewed by Andy Johnson on ‘Impact TT’ on Sunday 30th April 2017 on Power 102.1 FM. Audio courtesy Power 102.1 FM.
The High Court issued a ruIing by Justice Frank Seepersad on Friday 19 May 2017 that the Valuation Return Forms (VRFs) which property owners had been required to complete for the implementation of the Property Tax was to be subject to a “….stay of the implementation and/or enforcement…”. That stay is pending the full hearings of the judicial review case brought by former AG, Anand Ramlogan SC, on behalf of former PP Minister, Devant Maharaj. The State has already filed an appeal and that is to be heard at the Appeal Court on Monday 22nd May 2017.
This is my interview on 96.1 FM with Nikki Crosby on Tuesday 2nd May 2017…this was a great session with Tweez…Rodey and Raw Fusion…there were also some engaging ‘phone calls and text messages from the public. Audio courtesy TTRN
On 31st January 2017 I co-signed an open letter to the Central Bank Governor on the CL Financial bailout. My collaborators were Rishi Maharaj of 
This is my interview with Mariano Browne and Ardene Sirjoo on I95.5FM on Friday 5th May 2017 on Property Tax and the TSTT agreement to purchase Massy Communications. Audio courtesy i95.5 FM
This is my interview with Rennie Bishop on 107.7 FM on Sunday 30 April 2017 to discuss the controversial Property Tax and the prospect of CL Financial being returned to its owners. Video courtesy TTRN -Trinidad and Tobago Radio Network Limited.
One of the hugest State Enterprises is Petrotrin, a major player in the national economy, with the immense influence of the OWTU on the side of its workers. A great deal of discussion is now emerging on whether or how Petrotrin could be restructured or privatised.
This is my 12th April 2016 ‘Morning Brew’ interview with CNC3’s Hema Ramkissoon on the Invaders’ Bay matter…it is also the first time I made public comments on the JCC imbroglio, albeit after a sneaky series of questions from Hema…I guess that’s what crafty interviewers do, eh? As it happens, the questions remain outstanding on both those issues.
AfraRaymond.net 