Govt faces multimillion claim from Chinese firm...but no liability if inducement was paid

  • The government of Trinidad and Tobago could be forced to make a termination payment of up to an estimated US$43Mn to the China Gezhouba Group International Engineering Co Ltd (CGGC) for the cancellation of its contract with the Housing Development Corporation (HDC), according to Express Business calculations based on local high-rise apartment construction costs and profit projections.
  • That is if an investigation of the award of the controversial contract determines that no bribes, inducement or commissions were paid by the Chinese contractor to any local official.

(Source: Trinidad Express)