WEBINAR – Corruption in T&T: Party Done! But, We Jammin’ Still?

webinar-6mar2018
Click image to register for Webinar

Caribbean Economist Marla Dukharan and leading Trinidadian Transparency Activist Afra Raymond will discuss the recently-released Corruption Perception Index via an interactive webinar:

  • The current state of corruption in Trinidad & Tobago
  • From accountability to enforcement: What is missing?
  • Specific steps that need to be taken to improve transparency
  • Q&A

webinar-participants

Tuesday, 6 March, 2018 • 11:00 AM AST (10:00 AM EST)

 

CLICK TO REGISTER NOW!

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The Ethics Gap – part four

gov-anticorruption-780
Photo credit: futureatlas.com

My focus has been on grand corruption, the large-scale acts of fraud which endanger the very stability and rationale of our society and its key institutions. No act of grand corruption is possible in isolation. The only way to steal these large amount of money is to have the collaboration of responsible officials and professionals, who either look the other way or actively assist in the looting.

That was the case in Eden Gardens and the other episodes covered thus far. None of these acts of grand corruption would have been possible without the intentional help of professionals such as attorneys, engineers, accountants or even surveyors. Our current private and public sector systems rely on the professional standards and ethics of those professionals to ensure value for money. Continue reading “The Ethics Gap – part four”

CL Financial bailout – DoubleThink

doublethink
Illustration © David Cave

‘…Doublethink is the ability to hold two completely contradictory beliefs at the same time and to believe they are both true…’
—from George Orwell’s ‘1984’

On 25 January 2017 the annual Corruption Perceptions Index report was published by Transparency International, with the results reflecting poorly on our country. T&T’s score fell from 39 in the previous year to 34 in 2016 – this scale measures greater perceptions of public sector corruption as declining scores, with the countries seen as least corrupt having the highest score. As a result of the declining score, our ranking fell from 72nd out of 168 countries to 101st out of 176. That decline in perception was a serious one and really little surprise to the attentive citizen, none whatsoever. Of course perceptions take some time to change, so the question is whether the post-September 2015 regime can improve those poor perceptions.

I believe that there is now an outbreak of tragic ‘doublethink’ within our country’s leadership, in relation to the CL Financial bailout. That must be challenged if we are to ever see any improvement in our nation’s fortunes, not to mention the slide in terms of perception of corruption. Continue reading “CL Financial bailout – DoubleThink”

AUDIO: “On Point” on Boom Champions 94.1 FM talking about corruption

94logoI did an excellent radio show with some vibrant young colleagues from TTTI on the morning of Sunday, 13 November 2016 on Boom Champions 94.1FM.  The topic of discusson was “Sweet T&T or corrupt nation?: Revealing the truths on a corrupt state of affairs. Audio courtesy Boom Champions 94.1 FM

  • Programme Date: 13 November 2016
  • Programme Length: 01:30.50

Parts 1-5

CL Financial bailout – Duprey’s Story: SIFI vs PIFI

Artwork by NiCam Graphics

On Sunday 22nd May 2016, the front-page story in this newspaper was headlined ‘We will pay it back‘. That article featured very interesting quotes from former CL Financial Executive Chairman, Lawrence Duprey as well as the Minister of Finance & the Economy, Colm Imbert, on the prospects for repayment of the huge sums of Public Money spent on this CL Financial bailout.

Duprey claimed to have made a formal proposal to the State to repay taxpayers and all stakeholders who are owed money, while insisting that the amount owed was yet to be determined. The failure or refusal of the State to publish any audited statements in relation to this CL Financial bailout appears to be impeding the discussions as to a settlement of this massive debt. The sidebar contains a summary of how the Public Money spent on this bailout has grown from the initial 2009 estimates of $5 Billion to a 2016 figure now said to exceed $24 Billion. Continue reading “CL Financial bailout – Duprey’s Story: SIFI vs PIFI”