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In the com­men­tary in this space on Au­gust 14, which was head­lined, “Why is Kam­la at­tack­ing Re­pub­lic Bank?” it was re­port­ed that three cor­po­rate en­ti­ties con­trolled by Min­is­ter of Fi­nance, Dav­en­dranath Tan­coo, owned 84,263,895 shares in Re­pub­lic Fi­nan­cial Hold­ings Ltd. RFHL is the largest fi­nan­cial in­sti­tu­tion in the Caribbean Com­mu­ni­ty (Cari­com), with as­sets of $128.96 bil­lion (US$19.24 bil­lion) as at June 30, 2025.

The three en­ti­ties, con­trolled by Mr Tan­coo as Cor­po­ra­tion Sole, ac­cord­ing to RFHL’s 2024 an­nu­al re­port, are:

• Na­tion­al In­vest­ment Fund owns 49,021,779 RFHL shares, which is 29.92 per cent of the com­pa­ny