Tag Archives: Trinidad and Tobago Central Bank

CL Financial – CLICO fraud: Dr. Terrence Farrell wilfully blind?

Protecting Sacred Cows…

Our old friend Afra Raymond takes issue with the former Deputy Governor, Central Bank of Trinidad and Tobago, Dr. Terrence Farrell and Farrell’s statements in support of the bank’s outgoing governor, Ewart S. Williams.

Considering that Ewart Williams knew in 2004 that CL Financial Group was having serious trouble and was in violation of the law – and that Williams and the Trinidad Central Bank did nothing until the house of cards collapsed, Dr. Farrell’s praise is indeed misplaced and almost comical except for the great human tragedy that the Central Bank’s failures contributed to.

Always an excellent read at AfraRaymond.com:

“The entire scenario reeks of corruption in the highest offices in the Republic and on the largest possible scale.  We are witness to an epic swindle being carried out on our Treasury and in broad daylight.”

from Afra Raymond’s new article The Sacred Cow

Advertisements

8 Comments

Filed under Barbados, Business & Banking, Consumer Issues, Corruption, Economy, Trinidad and Tobago