Home' Trinidad and Tobago Guardian : March 22nd 2016 Contents JENSEN LA VENDE
Two longtime friends were murdered
yesterday afternoon at Guaratta Hill, Upper
Maracas, St Joseph, in what police believe
was a hit ordered from behind prison walls.
Police said following the murders of
Keston Charles, 31, and Anton Du Four, 37,
both of Blood Street, Maracas, St Joseph,
a PH driver was allegedly held for aiding
the gunmen in their escape.
Police said they received vital information
from an informant that the killing was
orchestrated from the jail and was connected
to the murder of Sherwin Wallace on Sat-
urday morning, a short distance from yes-
terday s double murders. The killing of the
two pushed the number of murders to 106
for the year.
Police said residents yesterday reported
hearing gunshots and later found the two
men dead around 5 pm. Police said they
believe the men were set up, as moments
before they were killed they had been called
to the area by unknown people "for a smoke".
An unlit marijuana cigarette was found in
the hand of one of the men.
Wallace, 38, an information technology
teacher at Belmont Boys Secondary, was
killed around 2.45 am on Saturday. Police
said while driving his Suzuki Grand Vitara
along Maracas Royal Road, gunmen opened
fire on Wallace.
The carload of heavily armed masked
men then pulled in front of the vehicle and
continued firing. He died at the scene.
His friend, Quincy Small, of La Seiva,
Maraval, was shot in the leg during the
attack and remained warded yesterday in
stable condition at the Eric Williams Medical
Sciences Complex, Mount Hope.
Yesterday, residents said the men were
"quiet fellas" who were never involved in
any criminal activity. Their relatives said
the same as Du Four s mother, Antonia,
cried asking why her only child was taken
The distraught woman called on God for
strength as she was consoled by relatives.
An aunt of Du Four, who did not want
to be identified, said she last saw him about
two days before his death and claimed he
was living in Kelly Village.
She said the last thing she recalled her
nephew telling her was that he was going
to live for his two sons, both under the age
of five. She said her nephew was "in and
out of trouble" but was now staying clear
of bad company.
Relatives of Charles denied the father of
one was involved in any criminality. They
said he lived in the area and were surprised
he was killed, given his non-involvement
in anything illegal.
Homicide officers are continuing inves-
A relative of Keston Charles, left, at the scene of yesterday's double murder in Maracas, St
Joseph. PHOTO: MARCUS GONZALES
in the Oman-based methanol plant for $2 billion,
which was the valuation price.
The right-of-first refusal is enshrined in the share-
holders agreement that led to the establishment of
Imbert also told journalists the Government had
agreed to guarantee a loan of US$5 million ($33
million) by the T&T Ex-Im Bank to a toilet paper
producing plant in Arima to save 400 jobs and that
the Government would continue to operate a managed
float of the exchange rate, although the International
Monetary Fund was advising "greater flexibility,"
which he said meant a freely floating exchange rate.
Tuesday, March 22, 2016 www.guardian.co.tt Guardian
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Finance Minister Colm Imbert said yes-
terday "confusion" over which CL Finan-
cial entity owns the group s Republic Bank
shares is slowing down the monetisation
of the bank as part of the repayment of
monies owed to the Government by the
group, which collapsed in January 2009.
Addressing a news conference at the Min-
istry of Finance building in downtown Port-
of-Spain, Imbert said there was confusion
over whether shares are owned by Clico or
Clico Investment Bank.
He said the former Central Bank governor
Jwala Rambarran was going to take the mat-
ter to court to allow a judge to make a deter-
mination on which entity owns the shares.
"I felt that would take too long. That
could stay in the court for the next five
years and we would never know who owns
the shares and never be able to dispose of
them," Imbert said.
He said the current Governor Alvin Hilaire
has adopted a more pragmatic approach to
the issue, in which consensus would be
sought before going to the court for a con-
Imbert said: "The plan is that by the end
of fiscal 2017 the Republic Bank shares will
either be disposed of entirely or transferred
to the Government for it to decide what to
do with them."
Republic Bank s 2015 annual report indi-
cates that four CL Financial entities own
shares in the bank, T&T s largest:
• Clico Trust Corporation owns 40,072,299
shares or 24.74 per cent of Republic
• Clico Investment Bank (CIB) owns
16,196,905 shares or 17.97 per cent of
• First Company Ltd (believed to be a CIB
subsidiary) owns 13,191,640 shares or 8.14
per cent of Republic
• Clico owns 11,786,000 shares or 7.28 per
cent of Republic
Imbert said the Government was also
looking into what should be done with
Angostura and CL World Brands, two of
the spirits entities in the empire that was
established by Lawrence Duprey.
The minister said the transfer of Clico s
shares worth $3 billion in Angostura, CL
World Brands and Home Construction Ltd
to the Government had not been done as
ye, but will be done as the Government
needs the money.
But he said his understanding is that the
shareholders of CL Financial want to retain
control of Angostura and CL World Brands
so that they can raise a loan to repay the
Imbert said he now met with the Central
Bank every Wednesday and one of the issues
that was always on the agenda was the Clico
situation. He said the Central Bank had
offered to sell Clico s traditional portfolio
to some 17 entities that did business in T&T.
He said a letter would soon go from CL
Financial to the minority shareholders of
Methanol Holdings (International) Ltd, offer-
ing to sell them Clico s 56 per cent stake
Queries over Kamla's
at Opposition office
Questions surfaced last night as to whether
Opposition Leader Kamla Persad-Bissessar had
breached the Integrity in Public Life Act by
employing her nephew, Richard Ahamad, in the
Opposition Leader s office.
However, Persad-Bissessar denied that she had
broken any laws in a CNC3 report last night.
The news comes on the same day head of Fixin
T&T Kirk Waithe wrote to Integrity Commission
chairman Zainool Hosein calling for an investigation
of the former prime minister and Opposition MPs
Barry Padarath, Rushton Paray and Dr Bhoe Tewarie
for reportedly employing relatives at their con-
According to Section 24 (2) of the Act, a person
whose activities are governed by the Act shall not
use his office for the improper advancement of his
own or his family s personal or financial interest.
Ahamad, an attorney, is employed as legal counsel
at the office.
Several calls and text messages to Ahamad s
phone went unanswered yesterday while the Oppo-
sition Office stated he was in a meeting, CNC3
If Ahamad is employed at the office, then his
salary would be paid by the Parliament and signed
off on by Persad-Bissessar.
In response to a text message about Ahamad s
employment, which may be viewed as a breach of
the Act, Persad-Bissessar responded by saying no
laws had been breached and that to the best of
her knowledge there was no person employed there
whose work fell within any restricted categories
or within the provisions of the Act, or any law or
"We may now all have to follow the words of
the Prime Minister, re DNA testing for persons
employed," Persad-Bissessar wrote in her response
Imbert on sale of Clico assets:
Confusion over Republic ownership
Friends ambushed, killed in St Joseph
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