No inside info on CIB withdrawal?

[adri 2nr]

Finance Minister Karen Nunez-Tesheira has denied withdrawing money from Clico Investment Bank (CIB) after receiving information that it was in financial trouble. The company, a subsidiary of CL Financial Group, was placed under control of the Government after there was a run on it. During Monday’s House of Representatives debate on two bills to better manage the insurance sector—the Insurance Amendment Bill 2009 and the Central Bank Amendment Bill 2009— Opposition MP Kamla Persad-Bissessar alleged that the minister and Governor of the Central Bank Ewart Williams had used their privileged position to withdraw deposits from CIB.

But shortly before 11 pm on Monday, Nunez-Tesheira, in commencing her wind-up of the 13-hour debate, accused the former attorney general of engaging in a “witch-hunt.â€

[soundboy101]

so only she and manning knew about this bail out, something as huge as this didnt need Cabinet discussion, she neither Manning holds any background in Finance or Economics, but they were the two who made the decision, or was it Monteil who told them what to do. If Martha Stewart could make a Jail then who is she, and she have to be the biggest skunks, taking otu she money to buy a HONDA motorcar. lawdddd

[adri 2nr]

i say jail her and the rest, it wasn't only her who did this because of inside information

She for one should be under investigation as Minister of Finance for taking out 2 million dollars that also belonged to HER mother as well

she operating like Bas, pass the blame unto Oma

[adri 2nr]

http://www.trinidadexpress.com/index.pl ... =161434787

sigh...they should jail her

[aR&D]

one of my major issues is a stmt she made saying Everybody knew CIB was in trouble.

[teems1]

http://www.trinidadexpress.com/index.pl/article_news?id=161434787

sigh...they should jail her

if this is true i agree, jail her.

if martha stewart could go to jail for using insider info, anyone can.

[Aaron 2NR]

foot in mouth.....


one dotish ass...

[aR&D]

http://www.trinidadexpress.com/index.pl/article_news?id=161434787

sigh...they should jail her

if this is true i agree, jail her.

if martha stewart could go to jail for using insider info, anyone can.

well...... not really eh, Martha eh have ah pnM party cyard

[adri 2nr]

give it a day or 2
everyone will forget about it

were this UNC or any other government the A PNM opposition would run them into the ground

[aR&D]

give it a day or 2
everyone will forget about it

were this UNC or any other government the A PNM opposition would run them into the ground

true dat, dais good talk .. the pnm party is de only party that knows how to handle and sling shite well

[adri 2nr]

PNM in an excellent Opposition party..they just make a poor Government

[teems1]

give it a day or 2
everyone will forget about it

were this UNC or any other government the A PNM opposition would run them into the ground

so what is preventing the current opposition from giving the PNM a taste of their own medicine? are they spineless? weak? retarded? inept?

does the PNM have a 'file' on every single frikkin member of the opposition??

[aR&D]

PNM in an excellent Opposition party..they just make a poor Government

true that ... they are the best political party, but the worst thing for this country is a pNm party IN government - then, now, later (God forbid)

[noshownogo]

Jail persons and freeze the assets of anyone that was privy to this information since April and we can now prove that their funds were removed before the announcement in January.

Time to reclaim some integrity in this country. Unfortunately the courts will have to do the proverbial stoning of the criminals for us.

[ray d saint]

The law on 'insider trading' and not 'insider information' is quite clear and it is regulated by the Trinidad & Tobago Securities Exchange Commision.

It states....

Any person/s that has privilege information with regards to a 'deal/transaction of a listed company on the Trinidad & Tobago Stock Exchange, and acts on this information to the well being of themselves or other related parties, can be fined up to $500,000.00 and serve a maximum of 10 years in jail.

Two points to note here are:

1. CLICO is not listed on the TTSE!
2. 'breaking' a certificate of deposit, does not constitute, or should i say, it the loop holes of the law, is not classified as 'insider trading'

Jus my $0.02

so in lehman terms the Honorable Minister of Finance, cannot under TnT laws be charged, fined or imprisoned for the use of a better word... Insider Information

[pugboy]

according to karen she knew "just like everybody else"

a term like "everybody else" is pure heresy in a court of law