http://www.kaieteurnewsonline....14/11/13/nbs-report/
Ombudsman’s report exposes Jagdeo’s witch hunt of NBS CEO, managers
A damning report by the Office of the Ombudsman has concluded that police wrongfully charged the former Chief Executive Officer (CEO) and two of his managers of a massive $69M fraud at the New Building Society, in 2006.
The explosive document by the public complaint office, released this month by Ombudsman, Justice Winston Moore, was based on complaints by Maurice Arjoon, the former CEO, who claimed that he was framed after he refused to illegally endorse the lending of $2B, in 2006. Arjoon’s decision to only lend $350M in keeping with the country’s financial laws angered former President Bharrat Jagdeo who allegedly threatened to deal with the CEO.
The Ombudsman’s report also questioned the role that Director of Public Prosecution, Shalimar Ali-Hack, and her husband, Sheik-ul-Hack, played in the investigations.
The report also questioned the police over missing key exhibits and failure to follow-up of obvious questions.
The report also called for the case to be re-opened.
Here is the report: