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The Oil­field Work­ers’ Trade Union (OW­TU) has been held li­able for over US$4 mil­lion in loans it se­cured for its bid to ac­quire Petrotrin’s Pointe-a-Pierre re­fin­ery af­ter it was closed, and the over­all com­pa­ny re­struc­tured in late 2018.

On Mon­day, High Court Judge Car­ol Gob­in up­held KCL Cap­i­tal Mar­ket Bro­kers Lim­it­ed’s case against the OW­TU and its as­so­ci­at­ed com­pa­ny Pa­tri­ot­ic En­er­gies and Tech­nolo­gies Lim­it­ed, which was es­tab­lished to aid in its bid for the re­fin­ery.

The loan cen­tred around two agree­ments en­tered in­to be­tween KCL Cap­i­tal and the OTWU, through its then-trustees Ozzi War­wick, Ray­mond Hug­gins, and Ernesto Ke­sar, be­tween No­vem­ber 2019 and May 2020.