*****The OFFICIAL Corruption Thread*****

[Habit7]

Oh!!! so receiving money the private entity CLICO is corruption?

Duprey: Gave OMA money
Tuesday, March 28 2006

FORMER Prime Minister Basdeo Panday left his best ball for last by calling billionaire businessman Lawrence Andre Duprey to the witness stand yesterday. Duprey was one of two witnesses which Panday called in his attempt to convince Chief Magistrate Sherman Mc Nicolls that he is not guilty.

Last Friday, Panday told the court it was Duprey who gave his wife Oma 119,183 pounds sterling (TT$1.2 million) in November 1997, representing scholarships for two of Panday’s daughters who were studying in England. Yesterday, Duprey admitted giving the money to Mrs Panday, not as scholarships, but as financial assistance.

http://www.newsday.co.tt/features/0,35144.html

but then he denies receiving money from CLICO, Ish and Steve... but Jack Warner.

Panday: UNC got no money from Clico
By RICHARDSON DHALAI Wednesday, June 24 2009

THE United National Congress, according to political leader Basdeo Panday, never received campaign financing from cash-strapped insurance giant Clico, or businessmen Ishwar Galbaransingh or Steve Ferguson.

The bold declaration was made by Panday on Monday night in Gasparillo, at the party’s Monday Night Forum, at the East Indian Friendly Society Hall.

Panday said it was dissident Chaguanas West MP Jack Warner who was responsible for millions of dollars flowing into the UNC coffers in the run-up to the 2007 general elections.

http://www.newsday.co.tt/politics/0,102621.html

But UML all this shouldnt matter to you. You are ILP, right?

[zoom rader]

Oh!!! so receiving money the private entity CLICO is corruption?

Duprey: Gave OMA money
Tuesday, March 28 2006

FORMER Prime Minister Basdeo Panday left his best ball for last by calling billionaire businessman Lawrence Andre Duprey to the witness stand yesterday. Duprey was one of two witnesses which Panday called in his attempt to convince Chief Magistrate Sherman Mc Nicolls that he is not guilty.

Last Friday, Panday told the court it was Duprey who gave his wife Oma 119,183 pounds sterling (TT$1.2 million) in November 1997, representing scholarships for two of Panday’s daughters who were studying in England. Yesterday, Duprey admitted giving the money to Mrs Panday, not as scholarships, but as financial assistance.

http://www.newsday.co.tt/features/0,35144.html

but then he denies receiving money from CLICO, Ish and Steve... but Jack Warner.

Panday: UNC got no money from Clico
By RICHARDSON DHALAI Wednesday, June 24 2009

THE United National Congress, according to political leader Basdeo Panday, never received campaign financing from cash-strapped insurance giant Clico, or businessmen Ishwar Galbaransingh or Steve Ferguson.

The bold declaration was made by Panday on Monday night in Gasparillo, at the party’s Monday Night Forum, at the East Indian Friendly Society Hall.

Panday said it was dissident Chaguanas West MP Jack Warner who was responsible for millions of dollars flowing into the UNC coffers in the run-up to the 2007 general elections.

http://www.newsday.co.tt/politics/0,102621.html

But UML all this shouldnt matter to you. You are ILP, right?

Here we go again.

Until a check by Jack is issued to the UNC Bank account then we can say something wrong.
Until then it's just PNM rubber talk.

[UML]

CLICO $20m PNM GIFT
How cash-squeezed insurance giant bankrolled 2007 elections
Published on Jun 21, 2009, 12:01 am AST
Updated on Feb 6, 2011, 12:01 am AST

Above:A cheque for $5 million, made out to the People's National Movement, dated June 29, 2007, and signed by then CL Financial chairman Lawrence Duprey, as well as three other signatories, was endorsed less than a month before the November 5, 2007, election by Rose Janierre, assistant party secretary, and Linus Rogers, PNM elections officer.

(BI) Feedloader User


Lawrence Duprey's CL Financial Group provided scarcely imaginable largesse to the ruling People's National Movement (PNM) party in the last general election at a time when it was already on the ropes—short on cash and highly leveraged.






The by-then cash-poor conglomerate bankrolled the 2007 election campaign of the Patrick Manning-led PNM party to the tune of some $20 million, according to sources, who spoke on condition of anonymity.






And while much of CL's money went through a somewhat circuitous route to sundry suppliers of goods and services: from the printing of fliers and tee shirts to tent and maxi-taxi rentals, the bulk of it was applied to direct billings from advertising agencies for media activity, said sources.






Some of it however, was paid directly into the party's coffers. One such payment was made directly to the People's National Movement from the group's insurance subsidiary, Clico, on June 28, 2007, for the generous sum of $5 million. The $5 million cheque, drawn from a Republic Bank-held account at Independence Square in Port of Spain, was endorsed less than a month before the November 5, 2007, vote by Rose Janierre, assistant party secretary and Linus Rogers, PNM elections officer.






The $5 million Clico payout to the PNM's war chest was made at a time when the country's No1 insurance company had already been red-flagged with solvency issues, a statutory fund deficit of close to a billion dollars and what financial observers warned were dangerously excessive levels of inter-party transactions within the group.






If the Manning government had any concerns about the holding company using the country's largest insurer as a lucrative little money machine, it not only kept its own counsel but it lined up at the feeding trough.






In the middle of this interplay of politics and business stood Andre Monteil, the then group financial director of Duprey's $100 billion business behemoth, his No1 lieutenant, party treasurer of the incumbent PNM government and the PNM face of the corporate animal known as CL Financial. Entrepreneurial titan Duprey was the other public face of CL Financial and despite his protestations of being a-political, he was viewed by many as a United National Congress or Basdeo Panday sympathiser.






Some say the group's fortunes rose and fell on the political connections of these two public faces of CL Financial. Whatever the truth, Duprey's CL Financial group spread a lot of wealth around the PNM in the last decade. And the point man who distributed a lot of that CL money around the ruling party was Duprey's right hand man, Andre Monteil, who, until recently, was numbered among the party's most formidable power brokers.






Monteil was also the corporate chieftain who operated within the context of loopholes that allowed the CL Group to conduct business as usual in the seemingly opaque world of deficient legislation and well outside the good governance expectations of the Central Bank. In his January 30, 2009, containment effort to rescue the floundering financial giant, Governor Ewart Williams complained that the Central Bank had been "stymied" by inadequate legislation from going after the rogue insurance company.






Governor Williams said that for the last five years the Central Bank was forced to watch helplessly from the sidelines as the country's No1 insurer sailed ever closer to the edge. He cited several areas of concern, including:






• Excessive related-party transactions which carry significant contagion risks.






• An aggressive high interest rate resource mobilisation strategy to finance equally high-risk investments, many of which are in illiquid assets (including real estate both here and abroad).






• A very high leveraging of the Group's assets, which constrains the potential amount of cash that could be raised from asset sales.






The Governor said that the Central Bank had consistently "focused on these deficiencies" but was stymied by the "inadequacies in the legislative framework which do not give the Central Bank the authority to demand the necessary changes". He also noted that it was a matter of public record that all was not well at Clico and that the financial crisis which forced an initial $1 billion taxpayer bailout on January 30 was long in coming.






Clico's solvency problems have in fact been on the public radar for close to two decades. In 1997, a report from the then Supervisor of Insurance raised concern about Clico's inability to satisfy its statutory fund requirements for the years 1992, 1993 and 1995 and the insurer's insistence in the face of a deficit on paying dividends. The years under question were during the first Manning administration 1991-1995. In fact, Prime Minister Manning was the Finance Minister in 2007 when his party received huge sums of money from the CL Financial Group.






Sources say CL was the single largest financier to the PNM's 2007 re-election campaign. A former executive at the brokerage firm of CMMB, one of the distressed finance companies owned by the CL Financial Group, told the Sunday Express that in 2007 Monteil complained that CMMB was the only board he sat on that didn't give the PNM money.






In 2007, Monteil was chairman of the Home Mortgage Bank (HMB), Clico Investment Bank (CIB), the Housing Development Corporation (HDC) and the Education Facilities Co Ltd. He was also a member on the board of directors of the CCN Group, parent company of the Trinidad Express Newspapers, Home Construction Ltd (HCL) and Angostura Holdings Ltd.






A CCN spokesman said yesterday that the media group made no donation to the PNM 2007 campaign or to any other party for that matter.






Monteil was a co-signatory to the $2.5 million cash payment to the party in the 1995 election at a time when he sat in the Group Financial Director's chair. He later became party treasurer following the death of Anthony Jacelon in April 2005.






And while Duprey may have signed off on some overly generous financing for the PNM and friends of the ruling party, sources close to him say it got him no favours. In fact, Duprey allies contend that his testimony about providing scholarship and other financial gifts to the Pandays in the Panday corruption trial had the effect of setting him in the gun sights of the then Attorney General John Jeremie.






The Anti-Corruption Investigations Bureau (ACIB), a premier white-collar police unit operating under the wing of the Attorney General's office, raided Duprey's private Maraval residence and his corporate offices in what the courts later ruled were illegal searches.






And as reported in an exclusive Sunday Express series detailing the sharp exchange of correspondence between Jeremie, in his first tenure at Cabildo Chambers and the then Director of Public Prosecutions Geoffrey Henderson, now a High Court judge, Jeremie, in 2006 attempted to pressure Henderson into bringing criminal charges against Duprey and Panday, the then Opposition Leader. http://www.trinidadexpress.com/news/CLI ... 01109.html

Oh!!! so receiving money the private entity CLICO is corruption?

Duprey: Gave OMA money
Tuesday, March 28 2006

FORMER Prime Minister Basdeo Panday left his best ball for last by calling billionaire businessman Lawrence Andre Duprey to the witness stand yesterday. Duprey was one of two witnesses which Panday called in his attempt to convince Chief Magistrate Sherman Mc Nicolls that he is not guilty.

Last Friday, Panday told the court it was Duprey who gave his wife Oma 119,183 pounds sterling (TT$1.2 million) in November 1997, representing scholarships for two of Panday’s daughters who were studying in England. Yesterday, Duprey admitted giving the money to Mrs Panday, not as scholarships, but as financial assistance.

http://www.newsday.co.tt/features/0,35144.html

but then he denies receiving money from CLICO, Ish and Steve... but Jack Warner.

Panday: UNC got no money from Clico
By RICHARDSON DHALAI Wednesday, June 24 2009

THE United National Congress, according to political leader Basdeo Panday, never received campaign financing from cash-strapped insurance giant Clico, or businessmen Ishwar Galbaransingh or Steve Ferguson.

The bold declaration was made by Panday on Monday night in Gasparillo, at the party’s Monday Night Forum, at the East Indian Friendly Society Hall.

Panday said it was dissident Chaguanas West MP Jack Warner who was responsible for millions of dollars flowing into the UNC coffers in the run-up to the 2007 general elections.

http://www.newsday.co.tt/politics/0,102621.html

But UML all this shouldnt matter to you. You are ILP, right?

Here we go again.

Until a check by Jack is issued to the UNC Bank account then we can say something wrong.
Until then it's just PNM rubber talk.

YUH MEAN LIKE DIS?!!!! :shock::shock:

1433417053839.jpg (25.38 KiB) Viewed 3237 times

[Redman]

Its not like Carlos John was a big wig in both CL and UNC.

allyuh continue to squabble over sheeit

All the major companies support all the major political campaign.

[zoom rader]

Its not like Carlos John was a big wig in both CL and UNC.

allyuh continue to squabble over sheeit

All the major companies support all the major political campaign.

That's companies, it called lobbing.

I still waiting to see a check or checks that goes to the UNC Bank account from Jack.

Until then it's just hearsay and Habit7 normal propaganda talk

[Redman]

Its no different to Monteil getting a check cut straight from CL to the PNM.

John/Monteil secured access for the CL group.

The Chin Lees/Gillette/Montano families all did the same.
The JS group,Paramount,Seeraram SIS all did the same

and we see the results after elections
you waiting to see a check isnt relevant to the facts.

Me paying you to provide a service to Habit is still me procuring benefit for Habit...still contributing to Habits cause..

The process to hide the RESULT is the basis for laundering.ie Me wanting to hide my supporting of Habits...uh habits.

So until Ross shows otherwise Jamad payed for UNC advertising-CL supported the PNM....

neither illegal but the source of funds is the liability here.

but be careful what you ask for-Jack might well have more.....he raising lawyer money by selling papers

[j.o.e]

Very unlikely to find a cheque made out to UNC....they run that thing like a parlor.

[Habit7]

YUH MEAN LIKE DIS?!!!! :shock::shock:

1433417053839.jpg

Both parties get money from CLICO, like all other big companies that finance elections.

Just the PNM not lying and saying:
1) "we have no financiers"
2) "Jack Warner didn't finance the party"

The PM is looking like a bold face liar by touting this and even YOU know it is a lie.

I will most likely support jack warner cause i hate moonilal, suruj is a pig he talks down on ppl and Sharma is a deadhorse who has done nuttin for the party yet has the audacity to say jack never financed the UNC or elections

[UML]

Its not like Carlos John was a big wig in both CL and UNC.

allyuh continue to squabble over sheeit

All the major companies support all the major political campaign.

$20,000,000 is really small money for the PNM.

so it acceptable since is PNM

No wonder the PNM didn't support the campaign financing legislation

[UML]

SEVEN DEADLY SINS OF THE PNM AT PETROTRIN 2002 TO 2010.



Keith Rowley must answer these issues before pontificating about Petrotrin with his bosom buddy Roget.

1) WORLD GTL SCANDAL

Entered into a Joint Venture with little known company from the USA named World GTL to build a Gas to Liquids plant. This project went bust and cost Petrotrin $3 billion TT dollars. This was under the PNM Cabinet that Rowley was a member of. This plant is now scrap metal.

2) GASOLINE OPTIMIZATION SCANDAL

Entered into cost re-imbursible contracts with Bechtel and a local firm ABT (who them) to do the Gasoline Optimization Programme. The cost ballooned from $350 million US to $1.5 billion US. This was under the PNM Cabinet that Rowley was a member of. This is the subject of a forensic investigation by the AG and civil proceedings have been instituted against Malcolm Jones.

3) SHED OF SHAME NEW HEADQUARTERS SHELL COST $170 MILLION

Started a new headquarters (the shell on the highway) that had to be abandoned. The crab like shell on the highway cost $170 million TT dollars. This was under the PNM Cabinet that Rowley was a member of.

4) DELIBERATELY RUN DOWN TRINMAR

Deliberately ran Trinmar down and stopped drilling and maintenance at Trinmar. This caused oil production to collapse in Trinmar. This was under the PNM Cabinet that Rowley was a member of.

5) CRIPPLED PETROTRIN WITH DEBT

Left Petrotrin in massive debt that has crippled the company. This is approximately $1.7 billion US in debt that now saddles the company. This was under the PNM Cabinet that Rowley was a member of.

6) IGNORED MAINTENANCE AT THE REFINERY

Ignored maintenance and safety at the Refinery for years. From 2002 to 2010 only seven major turnaround executed at the Refinery. This compares to 14 in the last three years under this Government. This was under the PNM Cabinet that Rowley was a member of.

7) SYSTEMATIC DISCRIMINATION “PETROSINGH”


Called the company Petrosingh and proceeded to victimize persons who looked like supporters of the then Opposition UNC. This was under the PNM Cabinet that Rowley was a member of. This is why Rowley thinks Debe isn’t fit for a University campus.

[Rory Phoulorie]

So Motilal Ramhit and Sons Contracting Limited and Contech Limited are being awarded about construction contracts by EFCL totaling over $100M for three secondary schools.

These two companies are under the same group of companies (http://www.guardian.co.tt/letters/2012- ... r-pressure), so in essence, one contractor has been awarded all the contracts.

A few questions:

1) Were proper tendering procedures followed?
2) Were competitive bids invited and evaluated?
3) Is a bonafide tender evaluation report available right now giving technically and financially feasible reasons why all the contracts should be given to one contractor?
4) Should this contractor have been awarded these contracts given his performance on other EFCL contracts where his lack of progress is of concern?

I'll just leave this newspaper article here to set the tone for this discussion.

UML? zoom rader? trichards80?

[zoom rader]

^^^ Sunshine newspaper is your souce,

Since you asked all the questions it best you answer them and will belive you as the sunshine newspaper

[Rory Phoulorie]

^^^ Sunshine newspaper is your souce,

Since you asked all the questions it best you answer them and will belive you as the sunshine newspaper

What I have stated about the award of the contracts is fact, not rum shop talk like you and UML.

You asked for names in the other thread, I have stated names.

Now go and clean up this PNM like corruption that the UNC has perfected to a tee.

[Habit7]

ZR is apparently incapable of spelling SOURCE

[Kewell35]

^^^ Sunshine newspaper is your souce,

Since you asked all the questions it best you answer them and will belive you as the sunshine newspaper

What I have stated about the award of the contracts is fact, not rum shop talk like you and UML.

You asked for names in the other thread, I have stated names.

Now go and clean up this PNM like corruption that the UNC has perfected to a tee.

Boy everybody corrupt yes. The point of the matter is who it does make you feel less hurt when you know they corrupt, a indian woman or a black man. I feel is better if the indian woman thief the money yes because it have a chance I could go with she and get that money.

[eliteauto]

you clearly don't know Indian women

[zoom rader]

ZR is apparently incapable of spelling SOURCE

thanks bro, that go help PNM gain more support

[Kewell35]

you clearly don't know Indian women

My current gf is indian and I deal 4 indian woman already. Maybe you don't.

My point stands.

[Redman]

These fellas making UML look intellectual

smh

[eliteauto]

you clearly don't know Indian women

My current gf is indian and I deal 4 indian woman already. Maybe you don't.

My point stands.

*facepalm*......................

[rollingstock]

you clearly don't know Indian women

I don't actually,

[Kewell35]

you clearly don't know Indian women

My current gf is indian and I deal 4 indian woman already. Maybe you don't.

My point stands.

*facepalm*......................

indian conquerer here

[eliteauto]

hahahahahahahahahahahaha hadda be if you getting money from them

[Kewell35]

hahahahahahahahahahahaha hadda be if you getting money from them

When yuh large, yuh/it big

[UML]

Ramnarine: Young must explain 'questionable' Facebook post

Published on Jun 5, 2015, 10:31 pm AST


ENERGY Minister Kevin Ramnarine has called on Stuart Young to explain whether a Facebook post of his was influenced by a conflict of interest situation.

Speaking in the House of Representatives Tower D, International Waterfront Centre, Port of Spain, yesterday, Ramnarine noted that Young was a temporary PNM Senator and was the candidate for Port of Spain North/St Ann's West.

“Mr Young went on Facebook and wrote a treatise on the Phoenix Park IPO and sought to speak about matters related to the valuation.”

Ramnarine said the persons who advised NGC on the Phoenix Park valuation were Ernst and Young. “And one wonders whether there is any relationship between Mr Young and persons at Ernest and Young who did that valuation and if there is then perhaps he should come out and clear the air with regard to any relationship that he may have to persons in Ernest and Young who may have provided him with some insider information with regard to that valuation,” Ramnarine stated.

Ramnarine said there had been a “concerted attempt by certain persons on the other side to derail the Phoenix Park IPO and they will not derail it. The IPO is coming. It will happen and I put the population on notice that the IPO will be a success,” he said.

Ramnarine said nurses, doctors, teachers, lawyers, and others could own a part of one of the country's most valuable and profitable companies.

Phoenix Park was established by the NAR Government, he noted. He said the company has never been unprofitable. “Its profitability index is around 25 per cent,” he said.

Contacted for comment, Young said: “I am currently waiting on the Hansard record of what was said in today's sitting of the House of Representatives and when I receive it I will respond accordingly but in the meantime it seems to me to be yet another desperate attempt by the UNC government to distract from the real issue at hand,”

In his Facebook post, Stuart Young stated that the Editorial in the Business Guardian (on May 25) confirmed what he had been warning citizens about. It stated:

“This is yet another wake up call Trinidad and Tobago.

The president of the National Gas Company (NGC) has confirmed that the value of the shares of Phoenix Park Gas Processors Limited (PPGPL) has dropped since they conceptualised the IPO of PPGPL. —Ria Taitt
http://www.trinidadexpress.com/20150605 ... ebook-post

[dougla_boy]

But srs question....ent one of rahmit / contech people's is a tuner? Srs question eh.....because iirc concrete something is ah next company for them.....

Somebody correct meh plz

[dougla_boy]

And I think is more than 3 secondary schools eh....is about 6....

[Rory Phoulorie]

And I think is more than 3 secondary schools eh....is about 6....

They already had some school contracts in hand. These 3 contracts were only recently "awarded".

[pugboy]

like they trying to imply because a man living with an Ernst young partner he
getting to see all the confidential info

[UML]

Bharath defends purchase of 1.3 billion vessels (I hope the 13 billion was not an intentional typo)

Published on Jun 11, 2015, 10:12 am AST
Updated on Jun 11, 2015, 11:01 am AST
By Camille Hunte


Trade Minister Vasant Bharath yesterday defended the Government's decision to purchase 12 vessels from Dutch Damen Shipyards for $1.358 billion for the Trinidad and Tobago Coast Guard.



During his contribution in the Senate, Bharath said the opposition had ?no moral authority? to criticize the purchase of these vessels given their history of ?botched purchases?.



He listed the ?MV Su? which was bought for $25 million to be used as a water taxi, repaired at a cost of $27 million, and was never used. It is now up for sale as scrap iron for $548,000.



?The MV Su never sailed a day since it was bought,? Bharath said.



Bharath also slammed the previous government for the purchase of four helicopters at a cost of $2.1 billion that proved to be unsuitable for the T&T Air Guard and the controversial blimps that were eventually sold at a severe loss.



He said the Damen vessels are used throughout the region and the US coast guard.



Speaking on the economy, Bharath said the present administration had inherited a weak, fragile and crumbling economy but had turned the tides.



?After a short five-year term, this country has risen like a pheonix out of the ashes,? he said.
http://www.trinidadexpress.com/20150611 ... on-vessels