Saturday, February 24, 2018

Make those CLICO culprits pay dearly

I'm trying to be as calm as possible in writing this, but it's rather difficult.

Each day's word emanating from the CLICO/HCU enquiry seems to be grimmer than the previous day. On Thursday, former Central Bank governor, Ewart Williams, admitted over $10 billion was tacked to the taxpayers' tab because of the bank's inaction.

In a population of 1.3 million, that $10 billion tab means each citizen has been unfairly docked $7,692.31. For a family of four, that multiplies to $30,769.23. Seven, $56,846.15. What have we done to deserve such maltreatment?

As I continue to monitor the enquiry's proceedings and its bit by bit unravelling of what went down outside the scope of public knowledge within those two institutions before they were "shuttered", apart from being horrified and taking notes for future reference when writing, I keep asking myself, why these people aren't already shuttered away in jail awaiting trial for the glaring misdeeds. Given all the evidence thus far unearthed shows they have committed by their negligence? Do they carry more clout than Allen Stanford or Bernie Madoff? Or is this going to turn out to be another Piarco, where accused persons can run to court on technicalities, trying to get off scot-free or delay their day of reckoning?

Over the past few months significant strides have been made to recoup national assets unreasonably given over to foreigners.

If the DPP is reluctant to come to the people's rescue (as he did for "the holy innocents" during the State of Emergency), then let him resign so a serious crusader could look after the people's interests in the sleazy CLICO/HCU matters.

Nathalia La Foucade

Port of Spain