Home' Trinidad and Tobago Guardian : June 10th 2015 Contents A6
Guardian www.guardian.co.tt Wednesday, June 10, 2015
June 9, 2015
June 9, 2015
June 9, 2015
June 9, 2015
June 9 , 2015
Fired Clico chairman Gerald
Yetming is pointing fingers at
Central Bank and its Governor
Jwala Rambarran saying they
have questions to answer regard-
ing his and managing director
Carolyn John's dismissal over the
controversial payment of more
than $36 million to former direc-
tors of the company.
The former finance minister also
accused the governor of having an
He said Central Bank officers at
the highest level fell down on their
jobs and now wanted to take the
heat off themselves after partic-
ipating in the meticulous planning
of this payout with John as MD.
He said Clico did everything step
by step in accord with the protocols
and processes that the two sides
agreed to and he found it curious
that the governor was now saying
they had stepped out of line.
In a telephone interview with
Radio I 95.5FM yesterday, Yetming
said he believed the governor acted
on his own and that he was sat-
isfied Minister of Finance Larry
Howai had absolutely nothing to
do with their dismissal.
Yetming said as a non-executive
chairman, he received a letter from
the governor giving certain direc-
tives about the resolution of the
Clico matters, which he passed on
to John. He said John and the tech-
nocrats from the Central Bank took
over and worked out the details,
but officers at the highest level of
the Central Bank fell down on their
jobs by not ensuring the governor's
instructions were being followed,
as no one initially said a word after
payments were made to the direc-
tors, as well as to 1,500 others.
"The point I am making is that
the Central Bank officers, at the
highest level, senior officers, fell
down on the job and instead of
the governor taking a turn in their
tail for having failed in their duty,
they used Yetming and Carolyn
John as scapegoats."
Yetming, who is still out of the
country, also defended his and
John's position saying they did
He also criticised the manner
in which they were dismissed, say-
ing it was rather unprofessional,
insensitive and dishonest.
He said while on his way out of
the country he got a call from a
driver who said he had a letter to
deliver to him from the governor.
The letter, which said one thing,
was subsequently sent to him by
email, but he was flabbergasted
when the Central Bank made a
later statement saying he and John
had been fired.
"Carolyn John's situation is dif-
ferent. She was an employee
engaged by the Central Bank to go
into Clico to operate as MD and
therefore when you consider the
fundamental practices of good
employee relations and good
industrial relations, you don't give
a lady a letter saying you are re-
evaluating and behind her back
say she is fired."
He said she should have been
told if there was an issue and given
an opportunity to explain.
"John has what I consider to be
an open and shut case to file an
action against the Central Bank."
He added both Rambarran and the
head of Human Resources would
have to answer before a court when
a case was filed.
The number drawn yesterday
on CNC3 Crime Watch was
327897. If the number at the
back of your yesterday's
Guardian was 327897 you have
won $7,000 cash.
You have until 3pm today to
come to the Guardian office,
Rodney Road, Endeavour,
Chaguanas, with the newspaper
containing the winning number
and photo identification.
About 25 students who were
enrolled in the undergraduate
programme GOVT 3020 Power
and Politics in Latin America
will be unable to graduate from
the University of the West
Indies (UWI), St Augustine,
later this year because their
exam scripts were stolen from
a lecturer's vehicle last month.
This was yesterday disclosed
to the T&T Guardian by presi-
dent of the UWI Student Guild,
Peters said he raised concerns
over the incident with the Board
of Undergraduate Studies and
the campus' administrative staff.
He said about 50 students
were affected overall inclusive of
final year and continuing stu-
This undergraduate pro-
gramme falls under the Depart-
ment of Political Science, headed
by Dr Bishnu Ragoonath.
"I lobbied for two things:
Either for an oral exam or for
amnesty," Peters said.
He said he was told by chair-
man of the Exam Board Professor
Brian Copeland that UWI is gov-
erned by strict regulations in
situations like these.
"The oral examination I sug-
gested only gives the lowest grade
as C, which was put out of the
door," Peters said.
It is alleged that the vehicle
belonging to UWI lecturer Kristy
Smith was broken into and sev-
eral items stolen, including the
examination scripts completed
A senior UWI official, who
wished not to be identified yester-
day, spoke of serious concerns,
including where Smith's vehicle was
parked when it was broken into.
"We are hearing two alleged ver-
sions of where the vehicle was
parked, which was either outside
a restaurant in St Clair and the
other version was allegedly on the
way to a hospital," the UWI official
The T&T Guardian was told that
the Campus Committee on Exam-
inations allegedly held a meeting
yesterday at 2 pm, to discuss the
Questions posed to Smith about
the incident via Facebook mes-
saging up to yesterday went unan-
The University of the West Indies
(UWI), St Augustine campus, said yes-
terday that grades will be released on
June 16 following the scheduled Board
of Examiners meeting on that day.
A media release said in accordance
with new regulations implemented
under the university's revised Grade
Point Average (GPA) scheme, grades
will be released immediately after the
UWI said the meeting was to ensure
that the revised GPA scheme was imple-
mented without adverse consequences
Students are encouraged to visit their
respective faculty offices for guidance;
faculty offices have also made pass/fail
With regards to the summer semester,
university policy provides for late reg-
istration for this period and the deadline
for summer registration has been
extended to June 18, the release said.
The campus advised that contrary to
published reports, the release of grades
was not in any way "linked to ongoing
negotiations with non-academic staff."
25 students unable
In accordance with UWI's
regulations, the affected students
were given three options.
Firstly, they can either
complete a substitute
examination, the form to be
authorised by the chairman of the
Campus Committee on
Examinations. That substitute
examination was scheduled for
The second option entails
students writing the next
scheduled examination in the
course, for example, a
supplemental or repeat
examination, and abiding by the
grade obtained in that exam,
which will be offered in the
summer examination session on
a date to be identified.
It was also agreed that in the
event candidates were unable to
accede to the first option or sit
the summer examination, they
would be allowed to write the
examination in the 2015/2016
Semester II Examination Sitting.
UWI grades to be
released on June 16
Yetming: Jwala has an agenda
Chairman of the Sangre Grande Regional Corporation, Terry Rondon, left,
presents Works Minister Dr Suruj Rambachan with a King fish during
yesterday's commissioning of a bridge at Matelot. PHOTO: SHIRLEY BAHADUR
Read Watch Cash Promotion---Prize at $7,000
Links Archive June 9th 2015 June 11th 2015 Navigation Previous Page Next Page