Prime Minister Kamla Persad-Bissessar opened the newly constructed Mayaro Fire Station on Sunday, one week before the country faces the polls to choose a government that will run the country for...
You are here
What is in Phillip Rahaman’s future?
Monday night’s decision by the First Citizens board to dismiss the majority state-owned company’s chief risk officer, Phillip Rahaman, because the board had “lost confidence” in his ability to “carry out his duties,” is by no means the end of this story.
Left unanswered in the board’s cryptic three-sentence release—which came from the office of the deputy CEO of First Citizens, Sharon Christopher—was this question: What exactly did Mr Rahaman do to lose the confidence of the board, which hired him in January 2012, following stints at Scotiabank and FirstCaribbean International Bank?
It is clear to me that the answer to that question is not going to come from the bank. In its statement on Tuesday night, First Citizens said: “Given the other ongoing investigations, it would be inappropriate to comment further at this time.”
The investigations that are ongoing include one by the accounting and consultancy firm PricewaterhouseCoopers (PwC), which was delivered to Finance Minister Larry Howai yesterday and is due to be discussed at Cabinet today.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.