Chief executive office (CEO) of Junior Sammy Group of Companies Dave Aqui has dismissed as a "smokescreen, absurd and sensationalism," allegations of a bitumen racket involving local contractors. In a press statement yesterday, Aqui took Lake Asphalt of T&T (LATT) to task, denying claims that local contractors owed the company more than $24 million. At a meeting with Works Minister Jack Warner on Monday, Lake Asphalt chairman Kuarlal Rampersad informed him that their investigation had revealed that millions of gallons of bitumen sold to contractors for government projects cannot be accounted for.
Aqui said it was a smokescreen as Lake Asphalt had no valid justification for the concern raised by Warner that contractors were complaining that they could not get bitumen from Petrotrin to do their work. "The Government and, in particular, the Ministry of Works and Infrastructure are not the only users of asphalt as was implied in the media report," he said. "While the Ministry of Works and Infrastructure is the major consumer of asphalt in the country, there are significant others such as private housing developers, heavy industries, other state companies-EMBD, HDC, AATT, etc-so to suggest that the excess of bitumen purchased from Petrotrin and not used on government roads is lending some sort of "racket" akin to the diesoline situation is shallow and absurd and demonstrates a total ignorance of the market place."
Contacted for a comment yesterday, Petrotrin senior corporate communications officer Walford Coker said: "All we have to say is that Lake Asphalt is responsible for the sale of all bitumen in T&T...They are responsible for all local sales." Warner, who has expressed his astonishment over the allegations, indicated that he would be meeting with the contractors to hear their side of the story.