Home' Trinidad and Tobago Guardian : February 10th 2014 Contents SHALIZA HASSANALI
Former CL Financial
Duprey says the $3.8 bil-
lion after tax profit Clico
made in 2012 is "irrele-
vant to him."
However, Duprey said
the way the insurance
company was structured,
Clico should have been
able to net in excess of
$10 billion annually.
Speaking at his Florida
home on Saturday,
Duprey said the assets
Clico held was much
more than the $3.8 billion
profits it made "because
it was an assets based
company and it was
designed to have this
kind of performance at a
He said Clico had pro-
jected its profits to be $10
billion from 2012, with
the company realising it
full potential in 2015.
(Clico) was purposely
destroyed by certain peo-
He was commenting
on the release of the 2012
audited financial results.
Duprey said while the
public may see the big
profits as a ray of hope
for the company "to me,
it should have been $10
billion, given the way the
company was built. It
was built to give the peo-
ple high returns on their
Duprey said he would
not get emotional about
Clico s turning itself
"Things happen and
you move on."
Stating that he was
working harder than ever
before, Duprey said he
was still interested in
rebuilding T&T s under
"Tell them (Govern-
ment) to give me a call
to come back and I will
come back. There is a lot
of work to be done in
Trinidad. I would like to
come back, but I would
not come back to those
who would not welcome
me," Duprey said.
Duprey said because
of the state of the USA
economy he was still in
a financial bind.
"I am living from day-
to-day. Still scraping to
make ends meet. But I
Duprey said he has
been offering his expert-
ise in tilapia rearing in
South Africa and the
planting of the oil palm
in Central America.
"I am working as a
In 2009, Government
took control of the CL
Financial empire, after it
collapsed. The State has
since filed legal action to
recoup its $20 billion it
has spent refunding
investors. A criminal
investigation was also
Monday, February 10, 2014 www.guardian.co.tt Guardian
Results of Raffle drawn on Sunday 2nd February 2014
Port of Spain
Martha E. Cupid-Ansolia
SPACE FOR RENT
Close to Gulf City Complex
Ideal for Casino
Approx 13500 sq. ft.
View of San Fernando Hill and the Ocean
Contact Jain or Eartha
Mon. to Fri. between 8.00 a.m and 5.00 p.m
657-9613 or 653-1753
The project almost never got off
WASA sent them an eviction notice
informing them they were on State
land and had to remove their crops.
Eden Shand, the then St Ann s MP,
visited the site and was blown away
by the work they were doing. He duly
declared it worthy of government sup-
"He got the environmental agencies
together and we mobilised the com-
munity," says Jaramogi. And that s
how the project really took off.
When her husband died in 1994,
Jaramogi continued the work. It was
1999 when the project became a reg-
istered NGO and 2000 when she
received her first official government
grant allowing her to pay employees
rather than relying on volunteers and
Who steals from a
As to why criminals would target
her organisation, Jaramogi says, "The
place is so...beyond complex right
now, so rigid and insecure." She means
T&T as a whole, not Fondes Amandes,
which is usually an oasis of calm.
"And when someone comes and
takes what it is yours and when you
try to talk about it, you feel you
shouldn t say anything, that s the level
of lawlessness and uncaring."
She s referring to a story in the
papers about a witness in a criminal
case who had been threatened and
killed to prevent her giving evidence.
We discuss the issue of unemployed
youth, those who lime on the block,
indifferent to working for a living,
committing petty or serious crimes.
"Trinidad always had a laid-back
way of life.
"If you feel to work, you work,
especially in rural communities there s
always food around you can live off.
You don t have a lot of bills to pay,
people survive for long periods with-
out being gainfully employed.
"But now, with the American influ-
ence, they want the big sneakers, the
fancy phone and the big-screen TV
in the crib, but they don t want to
work for it so they steal and rob," she
We talk about CCTV and the fact
that in capital cities like London you
can t move anywhere in public with-
out being on film.
In T&T it is easier to hide and dis-
appear on and off the streets making
police detection work that bit harder.
"The directions given to us by the
police were we should get cameras---
but, as an NGO, someone needs to
pay for that. It s not a business gen-
erating income and expensing costs.
give you that flat.
"They tell you, We can t pay
salaries just tools and equipment. We
don t ever have extra cash except when
we have occasional private donors,"
In this context, incidents like this
theft can be crippling. Right now the
staff have brought in their own laptops
and an old desktop computer to work
on.They are using pen and paper and
the teaching session with children
from the International School that
morning had to be done with hand-
clapping and singing in rapso style
rather than an educational video
shown on the stolen television.
"I had them singing, This is our
earth we need to survive, let s plant
some trees and keep them alive, " says
The excited chatter of children fills
the air outside.
Blissfully unaware that any crime
has been committed, they have
enjoyed their morning, learning about
their local environment in a place that
will continue doing what it does,
regardless of this callous and senseless
From Page A6
'Let's plant some trees
and keep them alive'
A 23-year-old pipe fitter will
appear before a San Fernando
magistrate this morning after
crashing into two police vehicles
while under the influence of alco-
The accident happened just out-
side the Mon Repos Police Station
along the Naparima Mayaro Road,
around 4.35 am on Saturday.
The accused driver of William
Trace, Moruga, spent the weekend
in custody after being arrested and
charged by WPC Figaro.
Reports stated that the man was
driving a grey Nissan Cifero, head-
ing west when he smashed into a
new police SUV, which was parked
in front the station. The impact
caused the police vehicle to collide
with another parked police vehicle.
The suspect and two other
occupants, ages 25 and 23, of Pleas-
antville and Lower Hillside, respec-
tively sustained no serious injuries
in the crash.
He was issued a breathalyser
test and police said he had exceed-
ed the legal limit for alcohol con-
sumption while driving. (KF)
Drunk man crashes outside police station
Police place barriers to direct traffic after a 23-year-old driver lost control of his car and crashed into the
vehicles which were parked outside the Mon Repos Police Station along the Naparima Mayaro Road, Mon
Repos, San Fernando, on Saturday. PHOTO: KEVON FELMINE
Links Archive February 9th 2014 February 11th 2014 Navigation Previous Page Next Page