During my earlier writings on the CL Financial bailout I was very critical of the apparent silence of the Institute of Chartered Accountants of Trinidad & Tobago (ICATT) in the midst of that huge financial crash. I took a very dim view of ICATT’s failure to make any clear statements at that time, during the period in which my friend, Anthony Pierre, was its President. To his credit, Pierre later appeared on my ‘Sunday Talk’ TV show on CNMG on 24th October 2010 to discuss the bailout together with former CLICO Sales Director, Emmanuel ‘Manny’ Lawrence, and gave a great deal of insight.
This week’s column examines the struggles which have arisen from ICATT’s commendable attempts to exert its disciplinary procedures against one of its members, Chanka Seeterram, who testified at the Colman Enquiry on his role as auditor of the failed Hindu Credit Union. Chanka Seeterram is a Chartered Accountant of long standing, who was in his early career attached to Ernst & Young, now practicing as Chanka Seeterram & Co. in St Augustine.
This is the first time I am writing on the HCU, as I was advised to refrain from doing so by my attorneys due to the defamation litigation by both myself and our firm, Raymond & Pierre Ltd, against Harry Harnarine and the HCU group. That litigation arose from Harnarine’s scandalous statements against me and our firm on HCU’s Radio Shakti, spanned 2005-2013 and culminated in the High Court making a bankruptcy ruling against Harnarine. Continue reading “The Ethics Gap, part three”