Home' Trinidad and Tobago Guardian : May 18th 2016 Contents GEISHA KOWLESSAR
Possible arrests stemming from the controversial
Life Sport programme can soon materalise following
a completed audit.
So said Attorney General Faris Al-Rawi, who was
fielding questions from members of the media after
speaking at a privacy and law enforcement forum at
the University of the West Indies, St Augustine, yes-
He said the First Citizens ILO audit is also completed
and that would also engage the attention of relevant
officials to determine the next course of action.
"As a result of audits performed in the government
sector and institutions, information has come forward
and due process has to be followed and that will
happen by those who have the responsibility to do
that. You will hear about that quite soon," Al-Rawi
Pressed on whether that included the laying of
charges, he maintained that due process must be fol-
lowed, adding it would be up to the police to decide.
"The matter is in train... there are many bits of
consideration over these issues, some are civil, some
are criminal, some are in other camps. Some are in
the Government s camp.
"The Government could never intrude upon the
work of independent entities. We are not the Police
Service and we are not the DPP. We are enablers of
certain things," Al-Rawi added.
On the effectiveness of the Interception of the Com-
munication Bill, he said that piece of legislation led
to a breakthrough in the Dana Seetahal murder probe.
But Dean of the Law Faculty, Rose-Marie Antoine,
expressed concern over the authorities having access
to interception without a warrant.
She added that greatly worried her.
Al-Rawi said there was a lot of confusion regarding
the SSA Amendment Bill and the Interception of Com-
"It seems as if many people had just woken up from
a deep sleep for the last five years," Al- Rawi said,
adding that the Act was passed in 2010.
He said areas of the Act must be carefully followed
to obtain evidence, otherwise it could be deemed null
Wednesday, May 18, 2016 www.guardian.co.tt Guardian
Chairman of new stakeholders group:
The liabilities of Clico have climbed
from a reported $23 billion in 2010 to
$30 billion in 2014, according to chair-
man of the Clico Stakeholders Alliance
(CSA) David Walker.
Walker confirmed the figure as the
new group, CSA, prepared for its formal
launch today at Cascadia Hotel, at 2
pm. The group, which involves British
American stakeholders, has been in the
Word on the group arose last month
when CL Financial s (CLF) majority
shareholder, Lawrence Duprey, signalled
he was heading to legal action following
non-response from Government on his
proposal to repay the debt owed to
Government from the 2009 Clico
bailout following CLF s collapse.
Yesterday, Walker said: "The CSA
has been formed to bring all affected
parties together to lobby for the end
of Central Bank control through a
recognition of the fact that firstly tax-
payers and secondly all other parties
continue to suffer through continuation
of a failed policy.
"We advocate a return to respect for
the laws of T&T, certain that a legal
plan is the only route to a final solu-
"Our founding document describes
the mandate as to restore CLF to private
sector control, to ensure that taxpayers
are fully reimbursed in respect of the
Government s intervention in CLF and
to implement a strategy that fully
respects and acknowledges CLF s con-
tractual obligations to policy holders,"
Walker said at today s launch the
group would be citing the implications
of the latest liability figure and dealing
with a number of other inconsistencies
in Government statements on the issue.
He said in October 2010, the then
PP administration said Clico had a
deficit of $7 billion: Assets of over $16
billion and liabilities of over $23 bil-
"But in the latest Clico accounts
(December 2014), the latest liabilities
figure is $30 billion, so after spending
taxpayers monies Clico owed more
than that it did at the start,"
Walker added: "In October 2010, our
prime minister told us that rescuing
Clico legally would cost $14 billion. She
chose instead to execute an illegal plan
that cost more than $20 billion. Tax-
payers are the clear losers. Every other
stakeholder in Clico also loses and the
losses will continue until we have legal
closure. Our tax dollars should not be
exposed to unquantified business risk.
"Even in 2009, at the lowest point
in the company s operations, its tra-
ditional business was hugely profitable,
like every other major insurance busi-
ness in the country.
"Now, after seven years of interven-
tion, that has been turned into a loss
maker (Clico accounts 2014). Further
Central Bank control means unending
losses and more pain. It continues to
cost us about $5 million every day
according to those 2014 accounts."
He said CSA would be calling on
people to join the exercise, "those who
desire to see this burden removed from
the backs of long suffering taxpayers
The Finance Ministry on Monday
confirmed there had been no sign of
legal action from Duprey or any other
groups. A spokesman said the ministry
continued to be in talks with the Clico
representatives and talks were "cordial
AG Faris Al-Rawi, right, speaks with chairman of the T&T Transparency Institute, Deryck Murray, left, and
newspaper columnist and social and political commentator Michael Harris before the start of the forum
yesterday. PHOTO: MARCUS GONZALES
Life Sport audit
increase by $7b
'Possible arrests coming Deryck Murray, chairman of the T&T Transparency
Institute, said: "Corruption thrived in a veil of secrecy"
adding that very often secrecy and privacy were often
Saying it was, therefore, up to civil society to ensure
there was a balance between information being readily
available and the work of law enforcement officers,
Murray said the right to privacy must be ensured,
especially to those who were not the perpetrators.
Regarding the issue of trust he said oftentimes
members of the public questioned whether the judicial
process was fair and above board.
He added that T&T ranked 39 on the current
He asked: "Do we just want laws on the books? We
the people who form civil society need to make our
voices heard. We need to see implementation."
Commenting on 14 people being killed over the last
weekend Murray said it had come to a point where
murdering someone was now the answer if somebody
got vex with someone.
'RIGHT TO PRIVACY MUST BE ENSURED
Links Archive May 17th 2016 May 19th 2016 Navigation Previous Page Next Page