Is There More to the Angostura Sexual Harassment Story?

The boycott campaign being led by Fixin TnT.

On November 3rd, 2016 a sexual harassment complaint was submitted to the Board at Angostura Holdings Ltd that named Dr Rolph Balgobin, the company’s government appointed Chairman, as a sexual predator. His accuser has only ever been described as a senior female executive.

Almost a year later in October 2017, Dr Balgobin was cleared of the sexual harassment allegations after an investigation was completed and a report compiled by judge Rolston Nelson was lodged.

AHL Chairman Dr Rolph Balgobin

On Wednesday, November 29th a memo was sent internally at Angostura announcing the removal of a senior female executive. It was the same female executive that made the sexual harassment complaint on November 3rd.  Fixin TnT is currently leading a boycott of the company by claiming AHL is supporting abusive behaviour and covering up sexual harassment at its company.

#NEWSauce has come to understand that just prior to the submission of her sexual harassment complaint in November 2016, the female executive, who has served as the company’s Chief Financial Officer, was apparently involved in compromising actions at the company. Sources claim that both the Pricewaterhouse Cooper’s Audit and the Nelson Report point to fraudulent behavior on the part of the executive and other senior executives, several of whom have since resigned from the company. Senior management and the Board at the company believe that the harassment allegations  last year came just at the time the female executive knew she was going to be questioned about her actions. The sexual harassment report was made just as a board meeting was being convened to discuss her actions in 2016. A month later two of the executive’s colleagues also resigned from the company, one after 26 years of service.

The police report and subsequent investigation into the allegations delayed any action that could be taken against the executive by roughly a year. Another source indicated that the executive was willing to accept a multimillion dollar settlement from Angostura Holdings to make the sexual harassment allegations go away.

An alleged excerpt from the settlement being requested by the whistleblower on harassment claims.

According to the source, the PwC audit found “45 shell companies running as subsidiaries.” The source claims that money was being siphoned out of Angostura Holdings Ltd into those shell companies and ending up in the hands of former big chiefs of the company. Other sources within the Finance ministry say it is believed that the money leaving Angostura actually went on to pay former CL Financial chief, Lawrence Duprey, and that the PwC audit actually reveals all of this.

The Angostura source also indicated that some of the female executive’s actions violated European Union rules. Because of this, Angostura is loath to reveal all because it could damage, if not destroy, the company. The source also said that between December 2016 to the present, at least five senior executives – chief executive officer, chief operations officer and several others – have either resigned or have been fired and it is believed they were all linked to the corruption uncovered in the PwC audit.

AHL needs to make public the findings of that PwC report if only because public money is involved.

5 thoughts on “Is There More to the Angostura Sexual Harassment Story?

  • December 3, 2017 at 8:59 am

    ole time words of wisdom for Fixin T&T spring to this ole time mind:

    Think before you act

    Don’t jump to conclusions

    Look before you leap

    BTW: Does this mean
    1. Swift criminal investigation into actions of former female senior executive wrt financial misdealing and false allegations of sexual misconduct?
    2. the alleged sexual predator is NOT a sexual predator?

    • December 3, 2017 at 9:01 am

      The alleged predator has been cleared of wrongdoing in this instant. The executive was fired this past week for her actions. I think the public needs to know more, though. Much much more.

  • December 3, 2017 at 2:21 pm

    “In September 2017—Dr Rolph Balgobin was cleared of sexual harassment allegations in a report done by Justice Rolston Nelson. It was reported that Nelson said the complaint should be dismissed, but having not interviewed Balgobin or the former executive he could not make a finding that it was made in bad faith.”

    From the Guardian: I am confused by the integrity of this report.

    • December 3, 2017 at 2:24 pm

      Why precisely? One-man tribunals are not uncommon. President Carmona once presided over one and exonerated Avason Quinlan-Williams….*whistles*

  • December 3, 2017 at 5:39 pm

    Before one goes on a rampage they should always ensure they have the real story. On Angostura. The foolishness that occurred, happened with many CL companies so not surprising at all. It’s the stupidity of all those Executives.


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