Credit Union Bobol
Posted: Monday, July 9, 2012
Credit Union Bobol
WHILE there were signs of bobol (fraud and corruption) in the credit union sector since 1992, the State failed, under successive governments, to act to protect shareholders from the industry-wide corruption that served as the backdrop to the disastrous collapse of the Hindu Credit Union (HCU) in 2008, the Colman Inquiry heard yesterday.
No magic wand in next budget—Howai
Finance Minister Larry Howai has cautioned that T&T should not expect miracles in the budget for the next fiscal year, due in September.
Gibbs in hot seat
POLICE Commissioner Dwayne Gibbs was yesterday placed in the hot seat by National Security Minister Jack Warner as Gibbs was asked by Warner to respond to questions about the safety of the capital Port-of-Spain.
Tell us why Verna was fired?
Group calls on PM
EMA: Only 'a few 100' turtles lost
Environmental Management Authority CEO, Dr Joth Singh, said yesterday only a few hundred sea turtle eggs and hatchlings were lost during remedial works to halt massive erosion of the beach front by the Grande Riviere River.
Prison beatings cost $10.2M
A HIGH Court judge has sent a stern warning to the State that 19th century Prison rules will not be effective tools to maintain good governance in the 21st century.
Drug Court coming in September
A pilot project aimed at providing an opportunity for non-violent drug dependent offenders to be rehabilitated, as an alternative to immediate incarceration when convicted, is expected to be rolled out in September.
Traffic to be re-routed tomorrow for opening of Parliament
Drivers can expect major disruption on Wrightson Road tomorrow afternoon when the ceremonial opening of Parliament takes centre stage at the Waterfront.
Results from CARIRI in today on Santa Rosa lead poison threat
CEO of the Environmental Management Authority (EMA) Dr Joth Singh says Home Construction Ltd will face penalties for breaching a Certificate of Environmental Clearance (CEC) and building a sump, for which no permission was granted.
$10m Marabella market to open by month's end
The $10 million Marabella market, promised over two years ago, is still incomplete and it may take more than a month for the facility to be completed.
Mystery caller warned about irregularities
A member of the Hindu Credit Union (HCU) board, who remains only a mysterious voice on the telephone to this day, called the Ministry of Finance shortly before the institution's collapse, exposing financial impropriety and other irregularities.
Probe hears Teshiera promised $71m bailout
Former finance minister, Karen Nunez-Tesheira, promised a $71 million bailout of the Hindu Credit Union (HCU) and to fully assist the institution but the plan fell through, the Clico/HCU commission of enquiry heard yesterday.
$850,000 bail for four on $10m cocaine charge
Four men allegedly held with $10m worth of cocaine in separate incidents over the weekend were placed on a total of $.85 million bail when they appeared before a Siparia Magistrate yesterday.
THE woman who was found nude and dead on a bed in a room at a garden shop and pet supplies store in Sangre Grande on Sunday, has been identified as Anuradha Parey, 23, of Palmiste Drive, Coalmine, Sangre Grande.
Send page by E-Mail