Facebook
go here
cnews
Thursday, 09 June 2016 19:04

Young: SIS case still ongoing

Written by C News
Rate this item
(0 votes)

Minister in the Ministry of the Attorney General and Legal Affairs  Stuart Young has addressed an erroneous newspaper report stating the SIS's assets have been "unfrozen."

Speaking at the Weekly Post Cabinet Briefing, he said the matter is a live matter and the injunction continues, contrary to one media report.

"I was very, very surprised to see the report in today's newspaper and also to observe the inaccuracy of the report. I have been following up on this matter and in fact I was fully briefed with respect to the matter. There has been no lifting of the injunction with respect to the SIS assets. There has been no dismissal of the matter brought by NGC against SIS."

However, Minister Young said Rain Forest Resorts Limited may be in contempt by action of releasing mortgages.

"I do also understand that the Attorneys may be looking at contempt proceedings because I do understand that Rain Forest, which appears to be a shell company, had certain mortgages over the assets of SIS to a certain tune, those may have been released and discharged which may very well be in breach of the court orders."

 

 

Read 576 times Last modified on Tuesday, 21 June 2016 09:17
  • C SPORTS
  • C SPECIALS
  • Press Releases
Critical thinking was the order of the day at the recent First Flight Scholastic Chess Tournament held at the Brian
Champions again. That's San Juan North Secondary after they blanked a game Valencia Secondary 2-0 at the Larry Gomes
National Senior Men's Team Coach Dennis Lawrence has called former National Captain, Kenwyne Jones, a great servant of
The Trinidad and Tobago Football Association is calling on its members to get their act together and become compliant,
While Carapichaima retained the Central Zone Inter-Col title with a 4-2 penalty shootout win over Chaguanas North
  • 1
  • 2
bottom
Top