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    Election 2020

August 10,2020
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Monday 3 August, 2020

Mark: Did Imbert buy property for $1.7M which was worth $12M?

Opposition Senator, Wade Mark speaks in the Senate on June 2, 2020 (Photo courtesy the Parliament of Trinidad and Tobago)

Opposition Senator, Wade Mark speaks in the Senate on June 2, 2020 (Photo courtesy the Parliament of Trinidad and Tobago)

Opposition Senator Wade Mark has called on Finance Minister Colm Imbert to say whether he bought a property on Picton Street, Port of Spain for $1.7 million which was in fact worth $12 million.

He made the call during his contribution to the Miscellaneous Provisions (Registrar General, Registration of Deeds, Conveyancing and Law of Property, Real Property, Stamp Duty and Registration of Title to Land) Bill, 2020 in the Senate on Tuesday.

Mark claimed a "fraudulent act" was committed to the people of Trinidad and Tobago, where the country was denied "endless" stamp duties.

"I believe that the Minister of Finance needs to come and tell us whether he is aware of a company called Belgrave Properties. We would like the Minister of Finance to tell this country whether he bought a property for $1.7M when that property was worth $12 million and denied the country endless stamp duties," Mark said.

The Opposition Senator alleged that three lots of land at an unknown number on Picton Street was transferred from a company called Canon to Belgrave Properties.

Mark said Canon bought the property from Janitorial Services for $3 million dollars. He said Canon then sold the land to Belgrave Properties, a company created by Canon, for $1.7 million.

Mark said the country was denied stamp duties.

"That property that they sold for $1.7 million was valued over $12 million dollars. And you know who bought that property for $1.7 million? - another high ranking individual in this Government."

The Opposition MP said apartments are being constructed on the property. Mark said the matter should be investigated by the Trinidad and Tobago Police Service (TTPS).

"The Attorney General should be investigating. In fact, this is a matter for the police. The police should be involved this matter," Mark said.


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