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  • 1 year ago
One day after Ancel Roget held a news conference and suggested that the government unfairly denied Patriotic a chance to run the refinery... Energy Minister Stuart Young took to the Parliament floor and said categorically, that the reason Patriotic was not successful was because they had submitted a fraudulent proof of financing document to the evaluation committee. Rynessa Cutting has more from Minister Young's post-budget contribution.
Transcript
00:00Energy Minister Stuart Young came to the Parliament dropping bombs today, as he revealed that
00:06Patriotic was given not one, but two opportunities to show proof of their ability to finance
00:11the refinery's operations, at which point they provided a document for a large sum of
00:16money, all cash.
00:18Lo and behold, as part of that second opportunity, is a document that I have in my hand here
00:24today that appears to be a swift message of a cash wire transfer of 1.5 billion US
00:34dollars on behalf of Patriotic Limited, Patriotic Energies and Technology Company Limited, receiving
00:451.5 billion US dollars at a local bank in Trinidad.
00:51Stuart Young says further checks would reveal the document to be fraudulent.
00:55And I can stand here without fear of contradiction, here and outside, as I might do later on,
01:02and say it is not a real document.
01:04So therefore, unfortunately, they could not move forward because the document that was
01:10produced as proof of financials is not real, fake, fraud, fraudulent.
01:17And that, Mr Deputy Speaker, through you, to the population, is the truth of why Patriotic
01:25couldn't make it.
01:26The Energy Minister's comments came one day after OW2 President-General Ansel Roger suggested
01:32yet again that the government had unfairly dismissed Patriotic's refinery bid.
01:38Every unfair game must play over, yes, and rest assured, this is an unfair game.
01:46Attempts to reach Roger were unsuccessful.
01:49The Energy Minister also referenced the Dragon Gas and Coquina gas deals negotiated with
01:54Venezuela and called on the population to keep these in mind when they go to the polls.
02:00Do you think that the same President Maduro or the same Vice President Delcy Rodriguez,
02:05who now also carries the portfolio of Minister of Energy, would do business with the UNC?
02:11So picture this, what would happen to that future that the PNM government has secured
02:18for children from 2027?
02:20Because the Venezuelans do not need to continue with it if they don't like those who attack
02:26them weakly.
02:28The Energy Minister was speaking after the opposition leader made her post-budget contribution,
02:33in which she accused the government of leading the country into a debt trap and of not properly
02:38managing the country's affairs, a narrative the Energy Minister summed up as a blatant
02:44untruth.
02:45There can be no better independent measurement of a government and of a country's fiscal
02:53stability than the IMF and the rating agencies.
02:58Having just completed an Article 4 by the IMF, as well as Standard & Poor's, Moody's,
03:04Carey Chris and Finch, this government has managed us very well and all have continued
03:12to give us the highest levels of ratings.
03:15Renessa Cutting, TV6 News.
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