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From page A1
TCL immediately appealed the decision by Justice
Harris to grant the injunction. The appeal has been
fixed for hearing on September 30 while the sub-
stantive matter of the granting of the injunction is
due to be heard on October 4.
In its statement yesterday, TCL said it took the
action against the shareholder, the bank and the
bank executive, "based on facts that have come to
light in this matter, including the statements and
admission made by Wilfred Espinet in his affidavit
filed in court and having regard to the circumstances
surrounding the involvement of Republic Bank, Ian
De Souza and Wilfred Espinet in the orchestration
of the shareholders proposal."
Responding to the TCL release by e-mail yes-
terday, Espinet said: "There is simply no merit in
their claims, as there was no merit in their original
decision to disallow our request for the nomination
of directors. The noose is tightening. Panic has
replaced rational thought."
The TCL shareholder also said that the company s
chairman and its chief executive were "making
these decisions to the detriment of shareholders
Republic Bank managing director, David Dulal-
Whiteway, speaking through an executive of the
bank yesterday, said: "This matter is being looked
at by our legal advisers and the bank is not in a
position to comment at this point."
Calls to Republic Bank in Barbados went to voice-
mail and De Souza did not respond to an e-mail
sent to him.
On Saturday, TCL reported that it had made an
unaudited, after-tax profit of $70.4 million for the
first six months of 2013, compared with a loss of
$172.4 million in the comparable period in 2012.
The cement company also reported a 26 per cent
increase in its revenue as a result of higher average
cement prices, a 17 per cent increase in cement
volumes, especially in the T&T market, and a 48
per cent in export volumes.
In the notes to their June 30 accounts, it is stated:
"Notwithstanding the improvement in operating
performance and financial position over the past
six months, the directors have concluded that the
challenging demand environment and the still-
existing weakened financial position of the TCL
group and its main subsidiaries, CCCL and ACCL,
continue to represent a material uncertainty that
may impact the ability of the group to continue as
a going concern."
Tuesday, August 6, 2013 www.guardian.co.tt Guardian
Busy day at forensics after bloody weekend
for 05th AUGUST, 2013
Trini revellers in the
band Blue Box Cart
show off their T&T
flags they cross the
stage at the National
Monday. (See page
A8) PHOTO: DAVID
While police continued their investiga-
tions into nine murders over the weekend,
the victims relatives and friends gathered
at the Forensic Science Centre in St James
yesterday to identify their relatives and
witness their autopsies.
Scores of people began gathering outside
the centre well before its doors opened. Many
had to wait till late evening while pathologists
and other staff tried to deal with the workload
caused by the weekend murder spree.
When a news team from the T&T
Guardian visited the centre yesterday, large
groups were seen huddled together in the
car park while they waited for staff to tell
them when their relatives bodies would be
Most of the victims families refused to
speak to the media, saying they preferred
to grieve privately.
Relatives of Venice Chattergoon, who was
stabbed to death near his home at Concerned
Citizens Street, California, on Saturday
night, spoke briefly with reporters.
Chattergoon was reportedly liming and
drinking with a neighbour, when they had
a quarrel which resulted in Chattergoon
being stabbed 28 times. Chattergoon, a
machine operator, also played drums in a
tassa group in his community.
In an interview yesterday, Chattergoon s
father, Chanardath, denied that his son was
"It is hard to believe that he attacked
anyone. He had nothing with anyone. He
made friends easily," the elder Chattergoon
He also dispelled reports that his son was
The suspect in Chattergoon s murder had
not been arrested up to late yesterday. An
arrest is imminent, police said.
A relative of 28-year-old Sangre Grande
construction worker Sean Duncan also spoke,
saying he was murdered by people who
envied his success. Duncan was shot dead
at his Mulchan Street, Guaico, home on Fri-
day night, by two men who were dressed in
police and army uniforms.
The relative, who identified herself only
as Patsy, said Duncan bought a car and
began renovating the house recently.
"People were jealous of his car and how
his family was living nice," Patsy said.
She said Duncan was hard-working and
was not involved in a life of crime.
The girlfriend of 24-year-old Michael
Fox, who was among three men shot dead
at Desperlie Crescent, Laventille, on Sat-
urday, described him as helpful and loving.
Keisha Hamit said Fox was originally from
Santa Cruz and was staying temporarily in
Fox, his 21-year-old cousin Jamal, and
friend Shaquille Bishop, 21, of Tunapuna,
were found dead in a house on Saturday
morning. They had all been shot.
"He didn t deserve to die like that," an
emotional Hamit said.
Meanwhile, the two charred bodies that
were discovered at a dump in Claxton Bay
around 11 am on Saturday remained uniden-
tified up to late yesterday.
The bodies will be kept at the centre until
relatives come forward to identify them.
(See page A9)
Long hours for
Move for new board
members takes twist
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