A SAN FERNANDO businessman, who admitted to providing false information to the Board of Inland Revenue (BIR) in an attempt to obtain greater financial returns, has been ordered to pay fines amounting to $90,000.

The sentence was imposed on the businessman, Shannon Sookoo, an auto parts dealer, by Magistrate Indar Jagroo on Tuesday at the San Fernando Magistrates’ Court.

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Sookoo was fined $10,000 on each of the nine offences that took place when he knowingly submitted false information in his Value Added Tax (VAT) return forms for the period September 1, 2008 to August 31, 2009.


This week, we at Bourse take a look at the financial performance of two major players in the Non-Banking Finance sector: Sagicor Financial Corporation Limited (SFC) and Guardian Holdings Limited (GHL), for the six-month period ended June 30th, 2019. 

LAST week saw 1,346,042 shares traded on first tier market, a decrease of 14.24 per cent on the previous week’s total of 1,569,519 shares crossing the floor. The value of the shares traded was up by 15.62 per cent to $14,347,690.73 from the previous week’s value of $12,409,110.29.

Thanks but no thanks. Wheel and come again. This is the message president of the Public Services Association Watson Duke has sent to UNC political leader Kamla Persad Bissessar, who on Tuesday called for unity with the trade union movement, ahead of next year’s general election.

THE Chief Executive Officer of the Heritage Petroleum Company Mike Wylie has taken leave of absence from the job on medical grounds. This was confirmed by chairman of Trinidad Petroleum Holdings Company (TPH) Wilfred Espinet, who said the CEO was on sick leave.