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Wednesday, September 21

Former CL director tells of huge bonuses, real estate deals

Stabroek News - Guyana: "Trinidad Express) Strange commissions, exorbitant bonuses and significant weaknesses in internal controls were the order of the day at CL Financial, former group financial director, Michael Carballo, said yesterday.

Carballo made the statement as he gave evidence for the second day at the Commission of Enquiry into the collapse of CL Financial and the Hindu Credit Union (HCU) at the Winsure Building, Richmond Street, Port of Spain, yesterday.