Bob's Lessons Learned

Shareholders Seek to Stop Sale of Clico

2020 Shareholders Seek to Stop Sale of Clico Trinidad Tobago Newsday By Jensen La Vende February 2, 2020 Majority shareholders of CL Financial Limited (CLF) have initiated legal action against the State in a bid to stop the sale of Colonial Life Insurance Company (Clico) and British American Insurance Trinidad Ltd (BAT)... Read Article
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Desalcott

Construction Big-rigging, Money Laundering The Desalination Company of Trinidad and Tobago is the largest operating desalination facility in the western hemisphere that was formed to sell desalinated seawater to a government owned agency from 2000 to 2024 on a build, own and operate basis. The Attorney General retained Lindquist to investigate allegations of bid-rigging in a process that lead to award of the plant construction to Hafeez Karamath Engineering Services Ltd and Ionics, Inc., based in the U.S. in August 1999 at a cost of US$121 million. In 2006 criminal charges were laid, but in 2010 after the passing of...
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