Legal Fees Dis-ease

Legal Fees Dis-ease

My previous article gave two examples of the stance of our public officials on legal advice and legal fees. I also cited Dr Rowley’s statement to Parliament on 1 July 2016 which gave details of the $78.5M in legal fees spent at the Colman Enquiry into the collapse of CL Financial.

The details in the PM’s voluntary disclosure of those Colman Enquiry legal fees was contrasted with the plain reluctance of certain Public Officials to disclose similar details to me in relation to the CL Financial bailout. The evasions of the Ministry of Finance to resist my litigation were all taken under the advice of eminent Senior Counsel, no doubt highly-paid.

The central Republican value, has to be that none of us are lawfully entitled to the obscene privileges which prevailed in the bad old days. In fact, the distinctive thing about a Republic is that there are no more Earls, Lords, Ladies, Kings, Queens, Barons or Princes – save and except for Carnival Time. But those Republican ideals are being experienced in an individualistic and status-obsessed society. Continue reading “Legal Fees Dis-ease”

AUDIO: The Power Breakfast Show interview on 102.1 FM – 13 July 2016

Power 102 FMAfra Raymond is interviewed on the ‘The Power Breakfast‘ show on Power 102 FM by Richard Ragoobarsingh, Wendell Stephens and Rhoda Bharath on the publication of the Colman Report into the failure of CL Financial. 13 July 2016. Audio courtesy Power 102 FM

  • Programme Date: Wednesday, 13 July 2016
  • Programme Length: 33:20

CL Financial Bailout – Duprey’s Gambit

Lawrence Duprey. Photo courtesy the T&T Review
Lawrence Duprey

Last week we learned that Lawrence Duprey and his fellow CL Financial shareholders are victims of a badly-handled bailout. According to the Duprey version, the State must halt all asset disposals and he must regain control of the CL Financial group of companies. In what seemed to be an immediate response, Minister of Finance & the Economy, Colm Imbert, said he was so alarmed at the gross mismatch in the bailout figures that he decided to order a forensic audit on the entire process. These two contrasting stories are the latest big news on the CL Financial bailout.

I have always objected to the CL Financial bailout and it has become a strong example of how the Public Interest can be perverted under a series of disguises.

The Duprey Gambit is just the latest attack on good values in our country. It is a nasty, shocking outbreak of moral hazard. It needs to be dismantled and discredited, nothing less will do.

The Imbert Initiative looks like a welcome move to examine the details of this scandalous waste of Public Money. The proposed forensic audit seems to signal some official appetite for disclosure. However, if this is to properly protect the Public Interest, there are some ‘litmus tests’ which can show the official commitment to disclosure

This article will examine those two proposals so that some meaning might emerge from this utter, deliberate confusion.
Continue reading “CL Financial Bailout – Duprey’s Gambit”