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 A BREAKDOWN OF THE $408 MILLION FEES

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Honeylu
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PostSubject: A BREAKDOWN OF THE $408 MILLION FEES   Mon Apr 13, 2015 7:26 pm



$95 million; Forensic audits and probes
$80.7 Inherited legal fees from the PNM administration
$ 67.4 million. Fees paid for the DPP’s Office
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If one were to subtract this total of $243.1 million from the $408.2 million, the balance is $165.1 million, and spread over 4 ½ years it represents approximately $36.7 million per annum, which is in line and in some cases less than previous administrations spent on legal fees.
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Preliminary checks at the Ministry indicate that legal fees paid by the Ministry during the period 2002 to 2010 amounted to $372,000,000. This represents an average of $41 million per year.
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The Ministry, in accordance with the directive of Cabinet, retained lawyers and other non-legal professionals, such as accountants, to conducted sixteen forensic probes. Probes were conducted for:
TTEC Street Lighting Implementation Unit;

eTeck (6 separate investigations: Medical Transcription Services and Training Project;

UniBio A/S Protein Production Plant in TT Project; Tamana Intech Park;

Alutech Research and Development Facility; Bamboo Networks Limited; and Reynald Associates Limited (RAL) Consortia);

PETROTRIN (3 separate investigations: World GTL Ltd; Ultra Low Sulphur Diesel Project; and Gasoline Optimisation Programme);

Estate Management Business Development Company;

Sports Company of Trinidad and Tobago;

University of Trinidad and Tobago;

UDeCOTT (Brian Lara Cricket Academy);

Scarborough General Hospital;

The purchase of the ill-fated MV Su.

As a result of these probes, the Attorney General has commenced numerous unprecedented cases for civil fraud, negligence and breach of fiduciary duties against top officials to recover over $2 billion in compensation.
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The AG has recovered $300 Million from Hyatt Arbitration
$1.4 Billion from the OPV arbitration
And Won the $2.7 billion WGTL arbitration

One can simply say with the $165 Million spent in 41/2 years it returned over $4 Billion to the coffers of the country.
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