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Chairman of the Cabinet-
appointed Child Protection
Task Force, Diana Mahabir-
Wyatt, is advising all women
to seek training in self-defence,
as domestic violence has been
on the increase in the country
over the past six months.
"Every adult woman and
every girl should take classes in
self-defence, because the reality
is that violence exists," she
stressed yesterday as she deliv-
ered the feature address at the
launch of the Arts in Action Pro-
gramme of the women s exec-
utive of the National Union of
Government and Federated
Workers (NUGFW) at WASA s
St Joseph compound.
The programme seeks to
reduce the incidence of domestic
violence against women and
Mahabir-Wyatt told the gath-
ering she herself had already
done a self-defence course.
In the past six months, she
said, gambling had also con-
tributed to an increase in
She said that was because the
breadwinners in homes were
paid on Fridays and before the
weekend ended they lost all
their earnings to gambling and
the families were left hungry.
"This is becoming increas-
ingly the cause of domestic vio-
lence, (as) it ends in quarrelling,
altercations and domestic vio-
lence," Mahabir-Wyatt said.
The former independent sen-
ator said emotional violence was
more painful than physical vio-
lence as the body could heal but
she also said marital rape was
very painful and could destroy
women s self-esteem.
She insisted: "Nobody, male
or female, deserves to be raped.
No man deserves to be raped
against his consent by another
man or woman."
She also raised the issue of
violence against the elderly,
which she indicated was on the
increase as they did not have a
"Their property is taken away
from them, their dignity is taken
from them and they are neg-
lected which is a form of
domestic abuse," Mahabir-
Wyatt told the mainly female
She also said citizens did not
feel safer in the country today.
Mahabir-Wyatt also reiterated
that a lot of domestic violence
against children was not com-
mitted by men but by women
as it was women who were
mostly violent against children.
"Something like 75 per cent
of the cases of violence against
children were committed by
their mothers or their grand-
mothers," she said.
Thursday, March 13, 2014 www.guardian.co.tt Guardian
First Citizens executive Phillip Rahaman sold
most of the 659,588 shares he purchased for $14.5
million on January 14, pocketing a profit of nearly
$12 million, according to a report on the T&T
Stock Exchange Web site posted yesterday.
In a one-sentence notice, the Stock Exchange
said it had been informed by First Citizens Bank
Ltd that on January 14, 2014, a senior executive
officer sold 634,588 FIRST shares.
On January 14, the market price for First Citizens
shares was $42.15, which means that if he sold all
the shares at that price, the total consideration on
the transaction would have amounted to
Subtracting the one per cent commission for
the broker reduces the total consideration to
$26,480,410, leaving a profit of just under $12
million if the Initial Public Offer (IPO) purchase
price of $14.5 million is considered.
There is no explanation in the notice of why the
information was only disclosed on March 12, when
it should have been disclosed by January 21, five
working days after the January 14 transaction date.
Stock Exchange Rule 604 stipulates that listed
companies are required to inform the Stock Exchange
within five working days of trades made by insiders,
who comprise directors and senior officers.
Although the Stock Exchange does not identify
Rahaman by name, he is almost certainly the only
one of the bank s executive to own more than
600,000 shares, as he was identified as owning
659,588 shares in First Citizens 2013 annual report.
The next largest owner among the bank s directors
and senior officers was Larry Nath, the bank s chief
executive, who acquired 215,000 shares.
Last month, Finance Minister Larry Howai ordered
a detailed audit on the IPO allocation process. The
minister confirmed last week that the audit was
underway and that accounting firm PwC had been
handed the brief to do the audit.
First Citizens boss
sells shares for
Mahabir-Wyatt advises self defence training for women...
Gambling tied to
Shyann Mejias does a monologue during the launch of the NUGFW's Arts in Action programme at
WASA's Public Education Centre, St Joseph, yesterday. Looking on, front row, from left, is Senator
James Lambert, chair of the Task Force on Child Abuse Diana Mahabir-Wyatt and FCB's manager,
pensions and administration, Roger Pantin. PHOTO: SHIRLEY BAHADUR
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