INDEPENDENT Liberal party (ILP) Deputy Political Leader Anna Deonarine was the major beneficiary of the sale of 20 acres of land, bought by her parents from Dole Chadee’s brother for $225,000 and then sold by them to CLICO for a whopping $13 million.
Dole Chadee’s brother was Thackoor Boodram, who was beheaded in December 1997.
The sale represents a profit of close to 6,000 per cent on the original investment.
The $13 million was credited to a CLICO policy in Anna Deonarine’s name on March, 29, 2005. The Express obtained copies of all the relevant documents.
The annuity application for an EFPA Policy no R000115034, filed by Anna Rampersad (Deonarine’s married name), stated that “the sale of the property (of) $13,000,000 was to be credited to this policy”.
The CLICO agent who would have received a fee for this transaction was Shama Deonarine, the ILP Deputy Political Leader’s mother. Shama Deonarine, who owned the land along with her husband, worked at CLICO at the time. Shama Deonarine has been celebrated as a highly successful CLICO agent.
The transaction was described as a “land racket” by Attorney General Anand Ramlogan as he addressed last night’s meeting of the UNC in Princes Town.
Ramlogan said the “sweet deal” began with the sale of the 20 acres of land situated at Warren Road, Warrenville, Cunupia, for the “steal of a deal” price of $225,000 in April 1997. The “lucky persons”, Ramlogan said, were Inal and Shama Deonarine, parents of Anna Deonarine, “Ms Range Rover”.
Ramlogan said they purchased the land from Boodram. He said if the name Thakoor Boodram “rang a bell” it was because “this was the deceased brother of hanged drug lord Nankissoon Boodram, aka Dole Chadee... He (Thackoor) was the ... pig farmer who got kidnapped and killed in one of the most brutal killings this country has even seen”, Ramlogan.
Documents held by the Express confirmed that proprietor, “Thakoor Boodram of Valsayn”, sold the land to the Deonarines on April 16, 1997. The land was sold as agricultural land.
In February 2005, Colonial Life Insurance contracted GA Farrell and Associates to arrive at a valuation for the land. The valuation report stated that the land was worth $11 million, on the assumption that Town and Country Planning permission was granted for it to be used for residential purposes.
One month later, the Deonarines sold the land to CLICO for $13 million, $2 million more than the valuation price quoted by Farrell Associates. This was in April 2005.
The Attorney General said CLICO paid this inflated price for the land as though the land was approved for residential use.
Ramlogan stated, however, that no approval was ever given by Town and Country Planning for conversion of the use of the land from agricultural to residential purposes.
Documents show that planning permission had been granted on June 5, 2003 for the subdivision of the parent parcel into four agricultural plots for one year. This approval expired on June 5, 2004.
On January 25, 2008 an application was submitted by Home Construction Ltd, almost three years, after the purchase by CLICO, for the sub-division of the parcel for residential use. This was refused on May 27, 2008. To date there has been no appeal by CLICO of this decision by Town and Country Planning.
Ramlogan said he found the family of Deonarine was getting lots of bargains. He said Anna Deonarine got a Range Rover for a “B15 price”.
With respect to the land, Ramlogan said if one worked out per acre the price, the Deonarines paid Boodram, it worked out to $11,250 per acre.
Noting that there were eight lots in an acre, he said this in turn worked out to 160 lots at $1,406.25 per lot. He said even for agricultural land this was a very low price. “Where does one get a lot of land worth $1,400?” he asked.
Contacted for comment yesterday, Anna Deonarine said she preferred to meet with the Express in person and not speak over the phone. She said she was prepared to meet with the Express today on the issue.
Anna Deonarine has claimed that she was the victim of fraud, involving the purchase of a Range Rover vehicle from an agent, Nadeem Baksh.
The vehicle was seized by the police in November 2011, after the London Metropolitan Police wrote to the Trinidad and Tobago Commissioner of Police about an international car-stealing racket involving high-end luxury vehicles, which were stolen in London and shipped to Trinidad and Tobago for sale.
Deonarine has provided a detailed explanation of her side of the story, saying she was the victim. However, the Attorney General has raised questions about the transaction, including the issue of the price Deonarine paid for the car, which, he claimed, was worth between $1.2 million and $1.6 million, but which was bought by her for $240,000.