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BUSINESSMAN Carlton Reis, who controls a majority of the voting rights in CL Financial Ltd (CLF), has praised the government’s move to halt the controversial sale of the Trincity Commercial Centre Ltd (TCCL), calling it “the start of justice” and a long-overdue crackdown on “white-collar crime” in Trinidad and Tobago.

Reis, representative of Dalco, the largest CLF shareholder, said the government was finally taking meaningful action after years of mismanagement and alleged abuse during CLF’s liquidation.

He spoke with Newsday on October 15. On October 13, the government, through the Attorney General, was granted an injunction to stop the sale of TCCL, which includes Trincity Mall.