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  • 8 months ago
High Court Judge Frank Seepersad condemns the conduct of attorney Varun Debideen in a seven million dollar fraud case.
Justice Seepersad refers Debideen to the Disciplinary Committee of the Law Association.
More in this report.

Transcript
00:00In a judgment which was delivered electronically this morning, Justice Frank Cipassa declares
00:05illegal a loan agreement for $7 million which was prepared by attorney Varun Dibidine.
00:11He says this loan agreement made no commercial sense and in the court's view, this was a
00:16sham document which lacked commercial viability and it was designed and drafted to circumvent
00:22source of funds obligations so as to include third parties including the banks into thinking
00:28that the sum was a legitimate loan when in fact it was not so.
00:33He has ruled in favor of Advanced Toes and Marketing Limited who is seeking the repayment
00:37of $7 million from three parties named in the civil suit.
00:42They are Cordell Philbert, Jawash Ramjathan and ZA Limited Engineering Consultancy.
00:48The court heard that around the month of July 2023, Advanced Toes and Marketing Limited
00:54engaged the services of the three defendants to undertake conceptualizing, managing and
00:59performing construction services inclusive of maintenance services for a construction
01:04project.
01:05The work was never done and the money was never returned.
01:08Judge Cipassa declares that all three defendants colluded and or conspired to defraud the claimant
01:13of the money and they are jointly and individually liable to the claimant for the repayment of
01:19the $7 million with interest.
01:21The Registrar of the Supreme Court has been directed to send all the documents filed in
01:25the case as well as the court's decision to the Disciplinary Committee of the Law Association
01:30of Trinidad and Tobago for their consideration within 28 days of the ruling.
01:35The Registrar of the Supreme Court is also directed to make an application to the Disciplinary
01:40Committee of the Law Association of TNT in relation to Varun Debedin who had drafted
01:46the agreement.
01:47Alicia Boucher, TV6 News.
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