In their absence, former Finance Minister Dr. Ashni Singh and former Chief Executive Officer of NICIL, Winston Brassington were slapped with additional charges.
The matter was heard before Acting Chief Magistrate Sherdel Isaacs-Marcus where a charge of misconduct in Public Office was read. The Court was told that between October 20, 2010 and December 20, 2010 the two acted recklessly when they sold Queens Atlantic Investment INC the Sanata Textiles Complex which sits on 18.976 acres of land for $697.8 million. The property was valued at $1.04 billion dollars, as such the selling price was grossly undervalued and thereby a breach of their duties.
Stanley Moore, one of the lawyers representing the men, told the court that his clients were not given notices to attend Court by the Special Organised Crime Unit (SOCU).
SOCU’s lawyer, Lawrence Harris told the court that the matter was filed on June 7 and he requested an adjournment in order for Singh and Brassington to be present to answer to the charges. The matter was adjourned to June 29.
The two are currently on $3 million bail each for charges of a similar nature.