Harry Harnarine, former president of the troubled Hindu Credit Union (HCU) has said it wrote the State Solicitor Eleanor Joy saying that the HCU board needs to have its name cleared because of the Government's "pronouncements" on the board since the reading of the budget.
"The Government made a pronouncement on a matter they should have not. Finance Minister Winston Dookeran said they Government will gradually pay off depositors with up to $300 million of taxpayers' funds and eventually recover the money through the sale of the HCU's assets," he said. Harnarine, who yesterday called the Guardian, said their "names were cleared" in April when High Court Judge Vashiest Kokaram ruled that the HCU should have been given a hearing prior to the liquidation of its assets, which was started by the previous government.
Harnarine said this in itself proves that the HCU board is not guilty of anything or of any type of misconduct and they want this present Government to recognise this. He said Kokaram's ruling was based on a report from the Commissioner of Co-operatives, Clarence Mitchell. On Saturday, Harnarine and the membership of the HCU will be having a meeting.