Former SporTT board found in breach over $34M LifeSport deal

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.