Senior Political Reporter
Resign now?
That’s Prime Minister Kamla Persad-Bissessar’s order to state board members who haven’t yet resigned.
Speaking at yesterday’s post-Cabinet media briefing at the Red House, Port-of-Spain, she also warned that every contract state boards have entered into will be sent to the Anti-Corruption Investigation Bureau to investigate.
Persad-Bissessar added, “I want to tell all boards who are refusing to resign and the CEOs and management of state enterprises who are busy signing off contracts and hiring friends and family, I tell them every contract they’ve entered into will be sent straight to the Anti-Corruption Investigation Bureau so every person and every company involved will be investigated.
“This is the most shameless type of behaviour I’ve ever seen exhibited during a change of government. It is overt, it is bold-faced and trying to eat-ah-food down to the wire and after you’ve passed the finish line - it doesn’t work like that.”
Persad-Bissessar added that Government has plans to deal with board members who are refusing to step down.
“Of course, we have plans ... which I will not share with you today. We’re calling upon them to do the right thing and should they fail so to do, we’ll do the right thing. They may be reappointed. But the principle is that when the government changes, you go. If you had done well ... some could be reappointed. It’s not like you’re going to fire everybody ... that’s not my intention to fire everybody. We need everyone.”
She added, “So - yes, we have a plan. So far, many have complied, by the way. Initially, just a few had done it and others were threatening they ‘not going anywhere’ ... whatever. I think good sense is prevailing. And for the few who are holding on by their fingernails and toenails - we have a plan.”
She declined say which state boards are “holding on by their fingernails.”
“Let’s give them a further chance after my warning today,” she said.
On another issue, Persad-Bissessar said Government is considering and will be offering an amnesty to allow state enterprises and small companies to comply with their legal requirements regarding the Companies’ Registry.
“Some companies haven’t filed statements for multiple years - CEPEP (for a five-year period, yet it received half a billion dollars), Caribbean Airlines hasn’t filed since 2015. So, the new board will soon call on the CEO to account.”
She added, “I’m giving the management of all state enterprises fair warning that they have to get their houses in order and have their statements of accounts updated and filed when due.”
“Many privately registered companies have been struck off the registry because they have not filed. State enterprises take it for granted that no matter what they do or do not, Government will keep bailing them out because of the fear of political fallout - that cannot continue....”
Saying that some continue to ignore the responsibility of providing proper accounts, Persad-Bissessar warned, “They may well end up not receiving assistance from Government in the future.”
She said proper planning cannot be taken by any organisation if they didn’t have up-to-date accounts yearly.
She said municipal corporations are also guilty of not providing proper financial statements for auditing.
“Many are culprits - UNC-controlled corporations and PNM-controlled corporations. The biggest amongst them are Couva/Tabaquite/Talparo - 15 years; Diego Martin - 15 years, Tunapuna - 12 years, Point Fortin -10 years.”
Persad-Bissessar said many companies have been struck off the Companies Registry and the amnesty would be done to allow them time to comply.