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.
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.
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.