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Former board members of the Sports Company of Trinidad and Tobago Limited (SporTT) have been found in breach of their fiduciary duties for approving a $34 million contract for the now-defunct Life Sport programme.
High Court Judge Ricky Rahim, delivering his ruling at the Waterfront Judicial Centre earlier today, upheld SporTT’s lawsuit against former CEO John Mollenthiel, former chairman Sebastian Paddington and 12 other former directors.
Justice Rahim ruled the board failed to act in SporTT’s best interest when, in December 2012, they approved a contract with eBeam Interact Limited on the instructions of the Ministry of Sport.
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