First Citizens Bank

Darbasie: Securities market compliance systems working

The Group CEO of First Citizens Bank, Karen Darbasie has indicated that compliance systems in the securities market in T&T are functioning effectively.

This comes after reports that Subhas Ramkhelawan and his company, Bourse Securities, agreed to pay $1.3 million to the T&T Securities and Exchange Commission (TTSEC) for its contravening role in the First Citizens Initial Public Offering (IPO).

In an interview with Darbasie, the bank CEO told Guardian Media that she thinks the notice is ”an indication that the regulation of the markets is working”.

Former police officer assisting with investigation into airport robbery

A former police officer is now assisting with investigations into last Wednesday's airport robbery.

The man was detained on Saturday night by officers of the organised crime and intelligence unit.

Last Wednesday, armed bandits escaped with an estimated $5 million in cash from the cargo cart at the tarmac of Piarco international airport.

Police said the man and two other women were being questioned up to late yesterday evening.

Last week, seven people were questioned soon after the incident.