News: Kuei Tung assets frozen by State

Friday, May 28, 2004 - 04:10 PM Printer-friendly page
Trinidad and Tobago

The State obtained an order of restraint, yesterday, preventing former Minister Brian Kuei Tung from disposing of any of his assets.

News Source: Trinidad Guardian

By Gail Alexander

Kuei Tung is one of 17 people who were recently charged with fraud in connection with the Piarco Airport development project.

He is on a total of 16 charges.

It is alleged that Kuei Tung and five other accused conspired to obtain contracts and payments to a total value of up to $144 million out of the $1.6 billion airport contract.

A source yesterday said the State moved to seek the order of restraint to prevent Kuei Tung from disposing of his assets, after he allegedly transferred two Miami properties which he owns to the names of his daughters. They live in the US.

The ex-parte injunction was granted by Justice Mira Dean-Amorer in the High Court yesterday, under the Proceeds of Crime Act.

The state was represented by Douglas Mendes and Michael Quamina.

According to the order, Kuei Tung will be unable to sell or dispose of, in any way, assets ranging from local and foreign property to vehicles.

The properties to which the order applies include a Westmoorings residence as well as a Fairways house shared by Kuei Tung?s former spouse, and two Miami properties which he owns.

Kuei Tung will also be unable to dispose of his four vehicles: a BMW, silver Mercedes Benz E320, a Grand Cherokee recreational vehicle and a sports car.

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RPS Subject: Re: Kuei Tung assets frozen by State posted: May 28, 2004 - 02:53 PM
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registered: Jan. 2004

Since when a Grand Cherokee is recreational vehicle wah he does only use it down the islands ......or in the bush? I guess Kuei Tung rooling largeee. It good for him, I coudl understand u tief alil million but you and yuh boys gone with 144 mill that just too much.....he overdo that scam

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