Saturday, August 1, 2015

Fire bank execs, board


 In this era of resignations and firings, Prime Minister Kamla Persad-Bissessar must fire the entire board of directors of First Citizens. 



This board and its chairperson seem totally clueless as to what was being hatched by executives under their purview.



Senior executives of the bank must also go. There appears to have been a massive insider-trading scheme that was perpetrated on an unsuspecting public.



The chairman of the Trinidad and Tobago Stock Exchange must also be fired for his double conflict-of-interest role, both as chairman of the Stock Exchange and as the head of Bourse Securities, which facilitated the resale of the shares.



Linus F Didier



Mt Hope