Home' Trinidad and Tobago Guardian : August 15th 2013 Contents A26
Guardian www.guardian.co.tt Thursday, August 15, 2013
To All Owners of Lands in
SOLVISTA PARK, MARACAS, ST. JOSEPH
M. VALLEY LIMITED
TAKE NOTICE that the Annual General Meeting of the
Shareholders of SOLVISTA PARK LIMITED will be held at the
Maracas Gardens Park, Jeffrey Guillen Drive, Maracas on
Saturday September 14th, 2013 at 4:00pm sharp for the
1. To receive and consider the Audited Financial Report for
the period ending December 31, 2012.
2. To receive and consider the Directors' Report.
3. To elect Directors to the Board of Solvista Park Limited.
4. To pass a Special Resolution with respect to capital expenditure.
And to transact any other business as may come before the
meeting or adjournments thereof.
A member entitled to attend and vote at the meeting is entitled
to appoint a Proxy to attend and vote in his stead. A Proxy need
not be a member of the company.
If you cannot attend and wish to appoint a Proxy in your place,
kindly contact Solvista Park Limited at firstname.lastname@example.org
for a Form of Proxy, complete and return to the MGRA Mail Box
4N (Mail Box situated on Eustace Bernard Drive before main gate)
before the 13th day of September 2013. (Please note that your
signature to the Proxy must be attested by a witness).
Dated the 12th day of August, 2013
Solvista Park Limited
By Natalie Aimes Darmanie, Secretary
NEW YORK---Two former JPMorgan
Chase & Co traders falsified bank
records to try to cover up trading
losses that were spiraling out of con-
trol, prosecutors said yesterday in a
criminal case that raises fresh ques-
tions about whether Wall Street
learned its lessons from the 2008
Javier Martin-Artajo, 49, and Julien
Grout, 35, and their co-conspirators
were accused of marking up the market
value of an investment portfolio to
hide the fact that it was plummeting
in value. The portfolio eventually sank
into an eye-popping US$6 billion loss
attributed to Bruno Iksil, a trader who
became known as the "London
Whale" for his location and the super-
sised bets he made.
Preet Bharara, the Manhattan US
attorney, hinted that the misconduct
was not just the work of a couple of
rogue traders, but was systemic in a
bank that failed to keep adequate watch
over its traders. He said companies
need to pay closer attention to the
cultures they create.
"This was not a tempest in a teapot,
but rather a perfect storm of individual
misconduct and inadequate internal
controls," Bharara said at a news con-
ference---a jab at JPMorgan CEO Jamie
Dimon, who once dismissed the con-
troversy around the trading loss with
that flip phrase.
The "London Whale" controversy
has burdened the bank for months,
but the new charges shift the narrative
of the tale. Iksil, whose name has long
been associated with the embarrassing
loss, tried to raise questions about how
his colleagues were recording the
trades, according to prosecutors.
Prosecutors also portray bank
employees as knowing exactly what
they were doing, not workers simply
overwhelmed by complicated sys-
tems---a defense banks have mounted
for missteps in the financial crisis and
John Alan James, executive director
of the Center for Global Governance,
Reporting and Regulation at Pace Uni-
versity s Lubin School of Business in
New York, called the case a milestone.
"They re shaking a big stick at the
biggest bank in America," he said.
Lawyers for Grout and Martin-Arta-
jo, both based in London when they
worked at JPMorgan, did not return
calls for comment. Martin-Artajo is a
citizen of Spain and Grout is a citizen
of France, which could potentially
complicate the prosecution.
Bharara said his office had contacted
the two men s lawyers.
"We are hopeful they will do the
right thing and present themselves in
the United States," he said.
Mitchell Epner, a former federal
prosecutor who is a criminal defense
attorney at Wilk Auslander in New
York, said Martin-Artajo and Grout
might try to mount a defense by plac-
ing the blame on their superiors. (AP)
JPMorgan Chase & Co
ex-workers charged in
'London Whale' loss
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