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A fraud was committed on the people of Trinidad and Tobago regarding Petrotrin, Trade Minister Satyakama Maharaj said yesterday.

Speaking in the debate on the mid-year review in the Senate, at the Red House, Port of Spain, Maharaj said the People’s National Movement (PNM) government told the country Petrotrin was haemor­rha­ging losses, but the accounts showed otherwise.

He said he reviewed the 2018 accounts which showed that in 2017, Petrotrin gene­rated $2.5 billion in net cash from operating activities, of which $500 million was used for investment and $1.8 billion for financing, leaving a cash surplus.