Home' Trinidad and Tobago Guardian : April 23rd 2017 Contents Sunday, April 23, 2017 guardian.co.tt
Raymond: Don't give CL
Financial back to Duprey
It will be "unacceptable" if
CL Financial is returned to
Lawrence Duprey, Afra Ray-
mond of Disclosure Today,
"I don't believe the people
who caused this disaster and
who are in a position of respon-
sibility could be just handed
back this company after the
money is repaid and so on.
"We don't even know how
much money has been lent and
how it is being repaid," he said.
"I don't think it should be
returned to them those peo-
ple are not fit and proper to
have ownership, directorship
or hold positions as officers
or controlling shareholders of
a financial institution in this
country. There are fit and prop-
er guidelines and that is one of
the very issues we raised with
the Governor of the Central
Bank Dr Alvin Hilaire."
Duprey was chairman of CL
Financial when the conglom-
erate went to the Central bank
for assistance in 2009.
Raymond, along with the
(CEO of Disclosure Today Ri-
shi Maharaj and David Walker
have written to Hilaire calling
for him to explain what is go-
He said Hilaire has to account
to the population on the issue
of the CL Financial bailout and
the way forward,
The trio delivered their letter
to Hilaire on Wednesday.
Hilaire was written to on
January 31 but there was no
"We need to know what
is happening. It is a colossal
amount of money that has
been spent on this bailout. It
was administered through the
Central Bank and there are
more questions than answers,"
He said the letter to Hilaire
asked how the bail out could
have gone on so long without
any proper accountability.
The group also asjked wheth-
er the Central Bank now has to
"release CL financial from its
"If we have to release it be-
cause the law says we have to
release it because targets have
been achieved who do we leave
it to," Raymond said.
ald Hinds wants the
Law Association to
speak out in defence
of Chief Justice Ivor
Hinds said he had
noticed for some time
"with increasing alarm
and worry" the position
taken by MPs who are also members of the legal
profession. He was referring to recent calls by
Opposition Senators Wayne Sturge and Gerald
Ramdeen for information under the Freedom of
Information Act about the recent appointment
of three judges.
He said the adverse comments being made
about Archie "can only have one effect, that is
to bring disrespect and disdain and a diminishing
of the reputation of the Judiciary."
Hinds said those who were engaged in such
action were"not mindful that it is not just an
attack on one individual but an attack on the
He said that is especially so when the attack
was not justified.
"To query the appointment of the judges by an
attack on the Chief Justice is really troubling,"
Hinds, who is also an attorney, said he want-
ed to condemn that behaviour. He said lawyers
should channel their concerns through the :aw
To use the Parliament to launch attacks on the
Judiciary was reckless, dangerous and must be
condemned, he said..
Hinds called on the Law Association to speak
out in defence of the Judiciary, which he said
was an important State institution. He also
said Opposition Leader Kamla Persad-Bisses-
sar should "restrain them and for them to be
guided by civility."
Persad-Bissessar and Ramdeen could not be
reached for comment on the minister's state-
T&T's services sector has the potential to
tap into international markets worth trillions
of US dollars and increase the country's for-
eign exchange revenue, Permanent Secretary
in the Ministry of Trade, Frances Seignoret,
Speaking on behalf of Trade Minister Paula
Gopee-Scoon at the T&T Coalition of Services
Industries' (TTCSI) 10th Anniversary Interfaith
Thanksgiving in Woodbrook, Seignoret said: "We
are particularly heartened by international trends
which show opportunities in areas of health and
wellness estimated at US $160 billion, medical
tourism estimated at US $50 billion, creative in-
dustries estimated at US $140 billion, ICT servic-
es estimated at US $1.4 trillion and professional
services estimated at US $1.4 trillion."
Seignoret said T&T's National Development
Strategy 2016-2030, more commonly referred
to as Vision 2030, highlighted that globalisation
and technological advancements will further shift
economic activities from production of goods to
creation of services.
She said this requires 21st century skills, in-
cluding technological know ow and becoming
multilingual and multi-skilled.
TTCSI President Angela Lee Loy said the organ-
isation, established in 2006, had been the voice
of the services sector in the country.
She said it was also one of the most important
regional advocates for development of the ser-
Angela Lee Loy, president of the T&T Coalition of Service Industries (TTCSI), left,
and Lucien Delpesh, the TTCSI's first CEO, cut a cake during the group's 10th
Anniversary Interfaith Thanksgiving at TTCSI office, O'Connor Street, Woodbrook,
yesterday. PHOTO: ANDRE ALEXANDER
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