Captains of industry and sports must lead with great energy, guile and foresight, requisitioning useful instruments while planning results, also surrounding themselves with personnel who should...
You are here
Rowley: Govt ‘secretive and deceitful’ on Clico
Opposition Leader Dr Keith Rowley wants the Government to come clean on plans to sell Clico assets. He made the call following reports that the company, which collapsed in 2009 and received a multi-billion-dollar bailout from the Government, is up for sale. Rowley said the Government has been “silent, secretive and deceitful” about arbitration involving a foreign shareholder in a methanol company in which Clico is a shareholder and “did not come out of it with a pleasant outcome.”
He said he was told the foreign shareholder “has won that arbitration and the arbitrator has directed that the Government sell their shares to that company on terms which, if the Government does not offer, are to be dictated by the arbitrator.” Rowley claimed the Government did not want citizens to know the result of the arbitration even though taxpayers’ money had been used to bailout Clico. He said he was concerned about how the Government is proceeding with the proposed disposal of Clico’s assets.
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.