OPPOSITION Leader Kamla Persad-Bissessar has called the Government “negligent” over the decline of the Heritage and Stabilisation Fund (HSF) by more than $6 billion and said the loss has caused
Duprey ordered to pay US$139m for bad Clico Energy deal searchlight.vc - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from searchlight.vc Daily Mail and Mail on Sunday newspapers.
Port of Spain, Trinidad – The former executive chairman of CL Financial (CLF) and CLICO director, Lawrence Duprey, has been ordered by the High Court to reimburse more than US$139 million to the companies for facilitating a deal to sell shares in what was then called CLICO Energy to Proman Holdings (Barbados) Ltd in February 2009. The order was handed down on Friday by Justice Devindra Rampersad in the multi-million-dollar claim …
FORMER CL Financial jefe Lawrence Duprey has been ordered to pay the conglomerate, on trust, US$139,416,295, which represents the proceeds of a deal he cut in 2009 with Proman Holdings (Barbados) Ltd for shares of the group’s crown jewel, Clico Energy. Justice Devindra Rampersad made the order on Friday. In September 2021, Rampersad reserved the
THE FEARS and concerns of the workers furloughed from Caribbean Dockyard and Engineering Services Ltd (Caridoc) deserve a more comprehensive response than the Prime Minister’s ardent and robustly defensive declaration that the company is not for sale. A state company that’s forced to send home 75 per cent of its workforce for three months is