Home' Trinidad and Tobago Guardian : April 9th 2014 Contents A5
Wednesday, April 9, 2014 www.guardian.co.tt Guardian
Attorney General Anand Ramlogan
expects to complete his probe of the First
Citizens IPO issue by this weekend and
report on the results and recommenda-
tions early next week.
He said the issue was whether a legal
loophole was exploited that could result
in several legal consequences either in the
civil or criminal realm.
Ramlogan updated reporters on his probe
yesterday during a break of the Senate sit-
Commenting on the investigation of the
IPO issue, which the Cabinet recently
mandated his ministry to do, Ramlogan
"It is clear from what appears before
me thus far, the share allocation policy
did not adequately address one of the per-
mutations and that was whether, what
should happen if there was an under-sub-
scription of shares for any given categories
and in this case the given category is the
employee share of the allocation."
Ramlogan said he reviewed the report
on the issue by PriceWaterhouseCoopers.
He said it was a matter of extreme concern
as it raised serious issues about the reg-
ulatory framework and the design of the
share allocation plan at the state-owned
He said he was examining PWC s role
but would not be bound by its findings.
His review would include the advice and
guidance by PWC in its capacity as a con-
sultant, he added.
Ramlogan said he had met with Secu-
rities Exchange Commission chairman Dr
Patrick Watson on the issue to ensure a
panoramic overview was taken of the entire
Saying the situation had to be carefully
analysed in light of the practice First Cit-
izens had in place, Ramlogan said he was
examining it from different angles.
That included examining the role played
by bank officials, independent regulatory
authority and divestment secretariat of
the Finance Ministry to see where what
went wrong, if anything, if it was a matter
of improper, unethical and immoral sit-
uations and if it transcends and "translates
into legal wrong-doing which is actionable
in the civil realm and if necessary to be
referred to the Director of Public Prose-
cutions," he added.
Ramlogan said he was examining the
issue also to identify if there were any
kinks or weak links in the regulatory system
that needed ironing out and if there was
anyone who breached rule and policies to
safeguard public interest and if they could
be weeded out and dealt with.
on IPO issue
Opposition Senator Faris Al-Rawi has
said two reports by the Police Complaints
Authority (PCA) and the Police Service
into allegations of the re-establishment of
a Flying Squad in July 2012 recommended
that criminal charges should be considered
against officers involved in the operation.
He was contributing to yesterday s Senate
debate on the Finance Bill 2014, which was
presented by Finance and the Economy Min-
ister Larry Howai.
Al-Rawi said the reports were dated
December 13, 2013 and were "earth-shat-
tering." He said they confirmed the existence
of the unit, headed by retired police inspector
"It says all of that happened but it seeks
to exculpate the political entities and seeks
to pin the blame on a police officer," he told
The Opposition Senator said he found it
difficult to accept that the unidentified police
officer could have established the squad by
"He cannot be so powerful and the
National Security Council (NSC), which the
Prime Minister heads, must have known
about this," he said.
Al-Rawi said the report by the Police
Service recommended that the Director of
Public Prosecutions (DPP) should consider
criminal charges over the acquisition of
The report also recommended that charges
should also be considered in respect of the
rental of property at 51 Factory Road, Piarco,
and another at Macoya.
Al-Rawi wanted to know "how could the
Government be sitting down on something
like this and hope that it would be buried."
He also commented on yesterday s
announcement by National Security Minister
Gary Griffith of the establishment of a Spe-
cial Operations Unit to deal with crime.
Al-Rawi said the measure was being
established under the same legislation that
was used to set up the disbanded Special
Anti Crime Unit of T&T.
Griffith said the new unit was being
established under the Defence Act, the Con-
stitution and the Police Service Act and
rules. The minister said the same consti-
tutional clothing was being used to set up
the new unit.
The unit is to operate as an inter-agency
task force and its members were to be trained
by foreigners, Griffith said earlier.
(See Page A8)
Al-Rawi: 'Flying Squad' reports say:
Charge the cops
A manager s report from the Eric
Williams Medical Sciences Complex, Mt
Hope, says Guyanese national Jeetindra
Sookram did undergo an electrocardio-
gram (ECG) which showed he had a heart
But when nurses were looking for him
so he could be given further treatment,
Sookram was nowhere to be found.
Sookram, 35, died while en route to a
private hospital last Thursday.
North Central Regional Health Authority
(NCRHA) chairman Dr Shehenaz
Mohammed, who spoke to the T&T
Guardian about the report, said she believed
the genesis of the problem arose out of
confusion over "the pink form", a finan-
cial-obligation statement to be signed on
accessing emergency care.
She said the form had become unneces-
sary and agreed with Health Minister Dr
Fuad Khan, who gave instructions that the
form must no longer be presented to
"The CCTV footage showed the husband
was immediately taken into triage during
which the wife was asked to register him
so that the hospital could create a file on
the patient and have the necessary data,"
She said the "pink form" was given to
Sookram s wife Vidya Baichu and it appeared
she had difficultly in interpreting it.
"There is no audio on the footage so from
what we have seen was the wife attempting
to get assistance and it appeared she got
frustrated and left.
"The husband did undergo an ECG, which
showed he got a heart attack and when
they were looking for him he could not be
located," Mohammed said.
She said when the hospital was turned
into a public institution in 2005 it appeared
it was done without any planning, as staff
at the operational level seemed to be without
guidance in terms of procedures.
Mohammed said Baichu was expected to
meet with hospital officials today.
Guyanese got ECG---report
In a hastily called press conference at
Jubilee Street, Aranguez, yesterday,
Baichu said she was expected to return
to Guyana today to make funeral
arrangements for her husband.
She said she had got assistance from
the Guyanese consulate for her husband's
body to be flown back to their homeland.
She said the main reason she called the
press conference was to clear her name
and deny Khan's statements that help
had been offered to Sookram.
"The things that the minister is saying
about me, it is not so. They didn't give
me anything to fill out. The Health
Minister just take one side of the story.
He just listened to the hospital to hear
"I did not get any 'pink form' or
anything to sign," Baichu said.
Asked whether any hospital officials
had since contacted her, she said she
received a call yesterday but said she
refused to speak over the phone.
Baichu said she was willing to go to the
hospital to give a statement but was
unable to do so as she had several
errands to do regarding arrangements for
her husband's body.
Khan has ordered an investigation into
the circumstances surrounding Sookram's
He also said "pink forms" were not
necessary in emergency situations but
were mandatory for chronic situations
like cancer treatment.
Vidya Baichu responds to Health Minister Dr Fuad Khan's claim that her husband Jeetindra
Sookram (inset) was not denied medical care at the Eric Williams Medical Sciences Complex
last Thursday during an interview at Aranguez yesterday. PHOTO: KEITH MATTHEWS
WIDOW: NO HELP OFFERED
An investigation was launched
following reports that former chief risk
officer of First Citizens Hassan Phillip
Rahaman purchased 634,588 shares in
the bank IPO last August for $14.5
million which were later resold in
January to his family members and
companies owned by the Rahaman
family for $26.7 million.
Links Archive April 8th 2014 April 10th 2014 Navigation Previous Page Next Page