One Caribbean Media Limited, the parent company of CCN TV6 is seeking the help of the new Minister of Finance Davendranath Tancoo, in recovering two-and-a-half million dollars from the past government.
00:00Caribbean Media Ltd., the parent company of CCN TV6, is seeking the help of the new finance minister, Devindranath Tanku,
00:07in recovering $2.5 million from the past government.
00:11In a statement read out by the minister as he wrapped up the debate on the mid-term budget review earlier this week,
00:17Tanku mentioned the ministers, who were written to by OCM previously, in a bid to recover what is now being termed aged receivables.
00:25The outstanding monies resulted from unpaid balances for advertising in the express newspapers.
00:31The state agencies include the Office of the Prime Minister, the Ministry of Energy and Energy Industries, the Ministry of Health and the Judiciary.
00:40The new minister quoted from a document sent by the CEO of One Caribbean Media.
00:46A letter from One Caribbean Media Ltd., request for, dear Honourable Minister, request for support in settling aged receivables.
00:53I wish to take this opportunity to extend warm congratulations to you on your recent appointment as Minister of Finance,
01:00and to wish you every success in this important rule.
01:03I am writing to request your assistance in settling a significant amount of aged receivables owed to the Trinidad Express newspapers.
01:12It is ironic I am reading this, owed to the Trinidad Express newspapers by several state agencies, a matter previously brought to the attention of your predecessor.
01:23I do not know if that is the former member, that is the former minister, or the former former minister.
01:29But a matter previously brought to the attention of your predecessor and several cabinet colleagues, that is, his cabinet colleagues.
01:37Despite prior engagement and partial progress through reconciliations and limited payments, the majority of balances remain unpaid.
01:49Please see a tax summary of aged receivables with a total outstanding balance of $2,536,775.31.
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