National Industrial and Commercial Investments Limited (NICIL)
Irfaan Ali on 19 fraud charges over Pradoville Two
Nineteen charges of conspiracy to defraud by common law, were yesterday instituted against former PPP/C Minister of Housing, Mohammed Irfaan Ali by the Special Organised Crime Unit (SOCU), after nearly two years of investigations. The charges, which detail offences alleged to have occurred between the period of September, 2010 to March 30, 2015, are in … Read more
Govt spent US$5M to rehab Sanata, then sold it to Ramroop for US$3.4M – Audit report reveals
By Abena Rockcliffe The term “friends with benefits” was magnified in a section of the National Industrial and Commercial Investments Limited (NICIL) audit report which confirmed that Dr. Ranjisingh ‘Bobby’ Ramroop—best friend of former President Bharrat Jagdeo—was able to grab the Sanata Complex at a gift price. The report also highlighted NICIL’s admittance that it … Read more
Mystery monies…Govt. using secret bank accounts to finance Marriott – AFC leader
The US$57M Marriott Hotel is significantly completed but there questions remain as to where Government is finding the money from to continue construction and other critical works.Initially, Government had plugged in US$20M leaving it to find another US$37M from a private investor and a syndicated loan from Republic Bank Trinidad Limited.However, that US$37M had remained … Read more