Shareholders, policy holders and citizens pay the price for trusting Hiralal
Sometimes things ARE as they appear.
An August 24, 2009 photo “Banking on Republic” in Trinidad & Tobago’s Newsday shows the happy Trinidad & Tobago Inspector of Financial Institutions, Carl Hiralal, having the honour of cutting the ribbon to open a new Republic Bank branch. (Oh, did we forget to mention that Clico owns 33% of the Republic Bank?)
The promotional message is clear: T&T’s Inspector of Financial Institutions is publicly declaring his approval of the Republic Bank and the bank personnel who appear with him in the photo: Derwin Howell, David Dulal-Whiteway, Gregory Thomson and Susan Williams.
There are other improper messages being delivered too… Continue reading