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Monday, 20 November 2017 19:01

EMBD Files Lawsuit Against Moonilal, Contractors Accused Of 'Cartel Behaviour'

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The Estate Management Development Company Limited has filed a lawsuit against a number of individuals and companies claiming corruption in the award of ten contracts to a select five contractors shortly before the 2015 General Elections.

This is for the upgrade and rehabilitation of certain Caroni traces and two other contracts for rehabilitation works.

The claim is being made against former Housing Minister, Dr. Roodal Moonilal, Gary Parmassar, Madhoo Ramroop, Andrew Walker, Fides Limited, Namalco Construction Services Limited and LCB Contractors Limited.

The five contractors are TN Ramnauth and Company Limited, Mootilal Ramhit and Sons Contracting Limited, Kall Company Limited, Namalco Construction Services Limited, and Fides Limited.

EMBD is claiming these individuals and entities were engaged in bid-rigging and cartel behavior, supported and/or encouraged, and/or permitted by persons in public office, including the then Line Minister, former Minister of Housing Dr Roodal Moonilal, former EMBD CEO, Gary Parmassar, and the former Divisional Manager of EMBD, Madhoo Balroop.

They are all implicated in an elaborate scheme which was executed in August 2015 and led to hundreds of millions of dollars being disbursed to these five contractors just prior to the General Elections of September 2015.

Read 3568 times Last modified on Monday, 20 November 2017 19:55
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