Articles

Angostura CEO to quit as probe ends

The probe against em­bat­tled CEO of An­gos­tu­ra Genevieve Jod­han, who is ac­cused of flout­ing the com­pa­ny’s pro­cure­ment pol­i­cy in the award of sev­er­al se­cu­ri­ty con­tracts, is near­ing com­ple­tion and she is like­ly to quit as part of a set­tle­ment deal.

De­tails or the fi­nal agree­ment are still be­ing ap­proved by at­tor­neys in­volved in the mat­ter and Jod­han is ex­pect­ed to re­ceive an undis­closed sum as part of the agree­ment, re­li­able sources told Guardian Me­dia.

Jod­han, 53, who has been on ad­min­is­tra­tive leave since last Oc­to­ber, was the sub­ject of two sep­a­rate au­dits which ex­am­ined the award of con­tracts amount­ing to over one mil­lion dol­lars to MH Tac­ti­cal Re­sponse Group, New Or­der Se­cu­ri­ty Ser­vices and Cor­po­rate As­set Pro­tec­tion — all aligned to Sgt Mark Her­nan­dez, a key mem­ber of the Spe­cial Op­er­a­tions Re­sponse Team, an elite unit of the T&T Po­lice Ser­vice.

An­gos­tu­ra is one of the crown jew­els ac­quired by the State af­ter the 2009 bailout of the CL Fi­nan­cial Group. It is a pub­licly trad­ed com­pa­ny and mak­ers of the world-renowned An­gos­tu­ra Aro­mat­ic Bit­ters and a host of pre­mi­um rums, in­clud­ing 1919.

Ac­count­ing firm Price­Wa­ter­house­C­oop­ers was called in to in­ves­ti­gate the award of sev­er­al con­tracts in mid-2018. The com­pa­ny al­so con­duct­ed its own probe.

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Image:  Wikipedia