Bharath shocked at ‘deep deception’ over CAL’s status

For­mer min­is­ter in the Min­istry of Fi­nance, Vas­ant Bharath, has ex­pressed shock over what he calls “deep de­cep­tion” by the Peo­ple’s Na­tion­al Move­ment (PNM) ad­min­is­tra­tion re­gard­ing the true fi­nan­cial state of Caribbean Air­lines (CAL).

He was com­ment­ing on Prime Min­is­ter Kam­la Per­sad-Bisses­sar’s rev­e­la­tion on Thurs­day that CAL has a $260 mil­lion loan which has been rolled over mul­ti­ple times with­out a sin­gle pay­ment be­ing made.

He called the sit­u­a­tion a fail­ure in fi­nan­cial man­age­ment and a ne­glect of re­spon­si­bil­i­ty to the pub­lic.