I KEPT US$5m CHEQUE IN MY DRAWER

[Exile]

Commission of Enquiry reveals tale of easy money for ex-CL Financial exec

By by Joel Julien joel.julien@trinidadexpress.com


Story Created: Nov 17, 2011 at 11:44 PM ECT
Story Updated: Nov 17, 2011 at 11:44 PM ECT

GITA SAKAL, former corporate secretary of the collapsed CL Financial empire, said yesterday she kept a US$5 million cheque tucked inside her desk drawer for almost two months because she received a "significant pay" and did not need to run to the bank to deposit money every month.
Sakal made the statement yesterday while being cross-examined by Terrence Bharath, the legal representative for policyholders of failed insurance giant CLICO.
CLICO is a subsidiary of CL Financial.
She also admitted it was "regular practice" for executives of the conglomerate to approve payments to themselves.



http://www.trinidadexpress.com/news/...134094729.html

[MdmeX]

Commission of Enquiry reveals tale of easy money for ex-CL Financial exec

By by Joel Julien joel.julien@trinidadexpress.com


Story Created: Nov 17, 2011 at 11:44 PM ECT
Story Updated: Nov 17, 2011 at 11:44 PM ECT

GITA SAKAL, former corporate secretary of the collapsed CL Financial empire, said yesterday she kept a US$5 million cheque tucked inside her desk drawer for almost two months because she received a "significant pay" and did not need to run to the bank to deposit money every month. l

DAMN - She was a bank unto herself!