Daily Archives: March 25, 2011

CL Financial disaster: Did Trinidad and Tobago Finance Minister Karen Nunez-Tesheira get her money out?

Afra Raymond digs deeper…

“The 325 (CL Financial) shareholders are listed alphabetically, as at 7th September 2008, with details of their occupations and addresses also supplied.  Of course, that list shows, at #289, the then Minister of Finance – Karen Nunez-Tesheira – as Karen Tesheira, Attorney-at-Law – holding some 10,410 shares.”

“Another thing that is striking is that Lawrence Duprey would appear to have only three blocks of shares in his ownership –

  • #47 – CL Duprey Investment Trust – holding 1,634,335 shares, but we are unable to find the details on that company.
  • #78 – DALCO Capital Management Company Limited of #37 Frederick Street, POS – holding 1,947,833 shares. I am assuming that DALCO is a play on his initials – Lawrence Andre Duprey LAD, reversed.
  • #302 – Trustees of CL Financial Limited – holds 119,145 shares.

I am taking that to mean that Lawrence Duprey had under his direct control a maximum of 3,701,313 shares – i.e. 49.35% of the group’s entire shareholding…slightly less than half.”

Further Reading

Afra Raymond posted a story with CL Financial’s Annual Return filed 2009 and as usual he’s like a terrier worrying a bone: he won’t let go. Good for you Afra! Keep at ’em!

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Filed under Barbados, Business & Banking, Consumer Issues, Corruption, Crime & Law

Looking for the family of Joseph Augustus Duncan: Born Barbados 1866

Hi folks,

Once in a while we receive requests to help locate long lost branches of family trees and unknown relatives. There are lots of genealogy forums out there, but sometimes it helps to put the names to a wider audience.

We don’t mind helping out and our readers have come up with some wonderful connections along the way. So let’s see if we can help this reader from the UK… Continue reading

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Filed under Barbados, History