Trinidad wins US$100 million verdict in key corruption lawsuit
Key Points(5)
- A jury in Miami awarded the government more than US$100 million in compensatory damages in a verdict late Wednesday.
- The civil case began in 2004 when the Trinidadian government sued a former finance minister, various businessmen and several companies in countries including Florida, Panama and Portugal.
- “We got everything that we asked for,” Faris Al-Rawi, a former attorney general in Trinidad who represented the government in the case, told The Associated Press.
- “This represents restitution to the people of Trinidad and Tobago.” He added that the money can be used to build schools or provide healthcare.
- The complaint initially targeted 56 defendants, among them 11 individuals and 12 corporate entities, but some secured deals over the years, so only three remained when the trial began earlier this month: former finance minister Brian Kuei Tung and two businessmen.
The Government of the eastern Caribbean island of Trinidad and Tobago has won a multimillion-dollar verdict in a sprawling corruption lawsuit that began nearly 20 years ago and involves former high-ranking officials.
A jury in Miami awarded the government more than US$100 million in compensatory damages in a verdict late Wednesday.
The civil case began in 2004 when the Trinidadian government sued a former finance minister, various businessmen and several companies in countries including Florida, Panama and Portugal.
“We got everything that we asked for,” Faris Al-Rawi, a former attorney general in Trinidad who represented the government in the case, told The Associated Press.
“This represents restitution to the people of Trinidad and Tobago.”
He added that the money can be used to build schools or provide healthcare.
The lawsuit alleged that the defendants participated in a scheme beginning in August 1996 to illegally obtain consulting and construction contracts at hyper-inflated prices via bribes, bid rigging and money laundering linked to an expansion of the Piarco International Airport in the Trinidadian capital of Port-of-Spain.
The complaint initially targeted 56 defendants, among them 11 individuals and 12 corporate entities, but some secured deals over the years, so only three remained when the trial began earlier this month: former finance minister Brian Kuei Tung and two businessmen.
Tung's attorney, Michael Garcia, said he plans to appeal, adding that the government lacked standing to sue and that he believes the plaintiff should have been Trinidad's Airport Authority.
AP/
