State wants to recover $34M

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The Office of the Attorney General is pursuing an action filed by the Sport Company of Trinidad and Tobago against eBeam Interact Ltd, hoping to recover $34 million.

This comes out of the Life Sport bacchanal which was unearthed in 2014. The civil action was brought against Adolphus Daniell, owner of eBeam Interact Ltd.

The sum of $34 million was paid to eBeam to provide lessons in Mathematics, English and technology to participants of LifeSport in 2012. Minister in the Office of the Attorney General and Legal Affairs Stuart Young, speaking at a news conference at the Office of the Attorney General and Legal Affairs in Port of Spain, on Friday, said government is pursuing a claim against eBeam, for failing to perform any or any adequate services and a total failure of consideration for the contract.

He added, “We are pursuing eBeam for failing to provide any or any adequate deliverables to justify these payments.

“It is the State’s contention that it is entitled to a repayment of the $34 million as monies had and received for consideration which wholly failed.”

Young said there was a back dating of the contract. As a parallel action, in 2016 they brought a claim against 14 defendants, the majority of whom were the former directors of the Sport Company.

He added, “We are seeking a declaration that they are guilty of breach of their fiduciary duties under the Company’s Act, guilty of negligence, and caused to make a contract on June 2013 and back dated it to December 2012.

“We have found evidence through forensic work that the contract we believed was December 6, 2012, was made June 5, 2013 to facilitate the first payment of $17.5 million. We have a very strong legal team, we will not be deterred. We have been working with international agencies, including international law enforcement agencies. I will be making another trip to Washington in the coming weeks to continue the work we are doing there.”


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