JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Monday, April 28, 2025

As re­port claims oil com­pa­ny moves to re­cov­er $$...

Ex-Petrotrin officials traumatised

by

20160814

Three for­mer high-rank­ing of­fi­cials from State-owned oil and gas com­pa­ny Petrotrin named in a news­pa­per re­port about unau­tho­rised salary in­creas­es say the al­le­ga­tions lev­elled against them have left them trau­ma­tised.

For­mer Petrotrin pres­i­dents Ken­neth Al­lum, Khalid Has­sanali, and for­mer vice pres­i­dents Kei­th Ram­nath and Ja­maludin Khan were named in a Sun­day Ex­press ar­ti­cle claim­ing that Petrotrin was seek­ing to re­cov­er mil­lions of dol­lars in unau­tho­rised salary in­creas­es award­ed retroac­tive­ly to of­fi­cials who worked in the com­pa­ny's top ech­e­lon.

Speak­ing to the Sun­day Guardian, Has­sanali, Ram­nath and Khan said all the trans­ac­tions were above board. The men said their lawyers have been in dis­cus­sion with Petrotrin on the mat­ter since March. The last cor­re­spon­dence from their at­tor­neys in Ju­ly to meet for fur­ther dis­cus­sions re­ceived no re­sponse from Petrotrin.

"This en­tire mat­ter is en­gag­ing the at­ten­tion of our at­tor­neys and I will not breach the tenets of the ju­di­cial process," Khan said.

"My ca­reer start­ed in 1974, more than four decades ago and I elect­ed to stay the course with Petrotrin and its pre­de­ces­sors. It has been a priv­i­lege and ho­n­our to serve both the or­gan­i­sa­tion and the State over this ex­tend­ed pe­ri­od. This pub­lic cen­sure com­ing al­most a year af­ter my re­tire­ment in 2015 is re­gret­table and trau­mat­ic," he added. Khan said, "It is my hope that this mat­ter will be re­solved ex­pe­di­tious­ly and that the true and prop­er cir­cum­stances are ac­cu­rate­ly ven­ti­lat­ed."

The Sun­day Guardian con­tact­ed Has­sanali and Ram­nath to get their re­spons­es to the ac­cu­sa­tions.

Has­sanali said the mat­ter was "prop­er­ly set­tled" more than a year ago.

"This pub­lic spec­ta­cle on a mat­ter that was prop­er­ly set­tled by the pre­vi­ous Petrotrin board more than a year ago is most re­gret­table. It fol­lows my re­tire­ment in No­vem­ber 2015 af­ter serv­ing na­tion­al­ly and es­pe­cial­ly Petrotrin with a demon­stra­ble track record over al­most 40 years hav­ing held some 26 po­si­tions of in­creas­ing re­spon­si­bil­i­ty and mul­ti­ple sec­ond­ments," Has­sanali said.

Ram­nath said he was "shocked and sad­dened" by the al­le­ga­tions.

"I have to be very cau­tious how I re­spond to this be­cause ob­vi­ous­ly this has le­gal ram­i­fi­ca­tions. I mean we have at­tor­neys Michael Quam­i­na and Dou­glas Mendes who are in cor­re­spon­dence with Petrotrin and Cami­ni Mara­jh, so I am very lim­it­ed in what I can say but what I can say is that this whole thing has been a very emo­tion­al, shock­ing and trau­mat­ic ex­pe­ri­ence for me. A year ago, I was con­front­ed with sud­den­ly hav­ing to leave Petrotrin and end my ca­reer for health rea­sons. That is not some­thing that I planned for, it was not some­thing that I wished for. The cir­cum­stances sur­round­ing that is not some­thing that I would wish up­on any­body be­cause my life has been ir­rev­o­ca­bly changed and not in a pos­i­tive way," Ram­nath said.

"So my de­par­ture from Petrotrin is not some­thing that I want­ed be­cause I had worked in my tenure there to do the best that I could, to do what I was hired to do which was to try and bring about pos­i­tive changes to the or­gan­i­sa­tion, to lead a trans­for­ma­tion ef­fort along with the oth­er ex­ec­u­tives and the pres­i­dent and the board," he said.

At­tempts to con­tact Al­lum for com­ment proved fu­tile.

The Sun­day Guardian con­tact­ed a source knowl­edge­able about the sit­u­a­tion to get re­spons­es to the con­cerns raised in the ar­ti­cle that was pub­lished.

Among the ma­jor con­cerns raised was Has­sanali re­ceiv­ing a bonus of over $900,000 in 2015 when Petrotrin was do­ing so bad­ly.

Ac­cord­ing to the source this bonus was paid in 2015 af­ter Has­sanali's salary ne­go­ti­a­tion was set­tled, but the bonus was ac­tu­al­ly for 2012.

In that year, Petrotrin made a net prof­it of over $1 bil­lion and every Petrotrin em­ploy­ee re­ceived prof­it shar­ing of over $70,000.

Has­sanali was con­firmed in the role of pres­i­dent ef­fec­tive May 1, 2012, af­ter act­ing in the po­si­tion for about four months.

He did not re­ceive a salary in­crease for the pro­mo­tion at that time but a writ­ten com­mit­ment was made to him that his com­pen­sa­tion would be ad­dressed.

Has­sanali's and Al­lum's salaries were not ad­dressed un­til 2015 and were made retroac­tive to 2012.

The Petrotrin board gave chair­man Lind­say Gillette the au­thor­i­ty to ne­go­ti­ate Has­sanali's salary.

The salary in­creas­es re­ceived by Ram­nath and Khan in 2015 were done to en­sure eq­ui­ty of pay ac­cord­ing to Petrotrin's com­pen­sa­tion pol­i­cy.

Why did the oth­er two vice pres­i­dents Ram­nath and Khan re­ceive salary in­creas­es in 2015?

Petrotrin's com­pen­sa­tion pol­i­cy re­quires eq­ui­ty of pay for peo­ple hold­ing sim­i­lar po­si­tions. Be­fore the in­creas­es, the oth­er vice pres­i­dents were mak­ing as much as $150,000/month. Even af­ter the salary in­crease, these two vice pres­i­dents Ram­nath and Khan were mak­ing $125,000/month and still were the two low­est paid vice pres­i­dents even though they had more tenure at Petrotrin than the high­er paid vice pres­i­dents. In the case of Ram­nath, he was hired in 2012 as vice pres­i­dent, Hu­man Re­sources, and had ad­di­tion­al func­tions placed un­der him, in­clud­ing Se­cu­ri­ty, Prop­er­ty Man­age­ment, ICT and Sup­ply Chain Man­age­ment which is why his in­crease was retroac­tive to 2014.

Ac­cord­ing to the Ex­press ar­ti­cle, En­er­gy Min­is­ter Nicole Olivierre is quot­ed as say­ing "the State-owned com­pa­ny is tak­ing steps to re­cov­er unau­tho­rised pay­ments from its for­mer ex­ec­u­tives."

Olivierre said the "prob­lem of unau­tho­rised pay­ments" at Petrotrin was "self-re­port­ed" by the new board and she was "pleased" that the com­pa­ny was seek­ing to re­cov­er pub­lic funds.

Petrotrin con­firmed that their at­tor­neys are al­ready en­gaged in the mat­ter.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored