Word: baldeosingh
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Dates: during 2002-2002
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...loans were paid, and Enron (now EOG Resources in Trinidad) started pumping millions of cubic feet of gas through the platform every day. The deal eventually faded from view, until a new chairman arrived at Trinidad's state-owned oil company. Donald Baldeosingh was only 34 when he took the post and was determined to make Petrotrin efficient and profitable. He wondered how the Trintomar venture could have got into such a poor lending deal and asked a London law firm to look into it. The firm retained David Hudson, a retired British merchant banker, who responded with a scathing...
...reason for ... these features of the structure, and have seen no evidence of any," Hudson wrote. "I conclude, based on the evidence I have seen, that it is probable that the transaction, taken as a whole, was both fraudulent and corrupt." Hudson's report found a responsive audience in Baldeosingh, who stopped Petrotrin from doing business with Citibank and pushed the government to investigate. "We had an opportunity to recover a significant amount of money," Baldeosingh says. Instead, Trinidad's elected officials turned on Baldeosingh. After tussling with the Energy Minister over control of a Petrotrin unit, Baldeosingh left office...
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