BU’s read of the following is simple, the political class is the same everywhere, they are wont to protect their own. What is interesting in this case is that transparency laws are on the statute books in Trinidad and Tobago. Why would the recently installed Rowley PNM government not want to be transparent about how public funds used to bailout CL Financial are accounted for? The following is a note shared by the Indefatigable public advocate Afra Raymond. We continue to wish him well.
The Ministry of Finance & the Economy has today formally advised the Appeal Court of its intention to proceed with their appeal against the High Court ruling of 22nd July 2015 which ordered publication of the requested details of the CL Financial bailout –
- the audited accounts of the CL Financial group;
- the formal presentation to the Independent Senators in September 2011 on the bailout and;
- the details of the payees – i.e. the names of those who received payments.
This is an unprecedented and huge expenditure of Public Money exceeding $20 Billion, yet it seems that we remain bound by the detrimental ‘Code of Silence‘ in our country. Having had the Ten Commandments drummed into us as youths, it now appears that the Eleventh Commandment is to be part of our adult learning – ‘Thou shalt not be found out‘.
This matter will be expedited and I will continue my efforts to obtain all the details of all the payments in this huge expenditure of Public Money.