There’s an ongoing battle for ownership of the mega-million dollar newspaper, Newsday. The company launched by Daniel Chookolingo in 1993, is getting no media publicity because two years after its launch, the daily immediately became the fastest selling newspaper in Trinidad and Tobago outstripping the then 30-year old Trinidad Express and the mighty Guardian which was then over 75 years old. Both newspaper and their vast billion dollar media outfits have remained silent since the case was filed in the High Court in 2014.While Newsday’s up-to-date value remains shrouded, there was a valuation done a decade ago which put its worth at over $200 million dollars. Sources close to Mr Chookolingo says this is a bogus value which was given by the Steve Castagne controlled board to buy out minority shareholders to gain full control of his company.
Updated: Mar 10, 2019
Local commentators suggest that the top 1% of Trinidad & Tobago own well over 70% of the wealth, since most of the citizens live on loans and those are held by financial institutions which are owned by the same one percenters.
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"So, I'm happy for this insight about the Oligarchy because the 1 Percent orchestrate fights between Indians and African to stay in control of T&T's billion dollar treasury. There are Syrian and whites in both or all political parties that have a vested interest in continuing the legacy of the colonials, to divide and conquer with a passion - V. Maharaj"
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" They are using the FreeMason playbook, and it's easy to control small T&T. They tap phones, surveil important people like politicians and high public officials like Permanent Secretaries. You'd be surprised what info you can get from that. Most of them have cocoa in the sun...from taking bribes to illicit love affairs. They use that information to get compliance, obedience and loyalty from these people. They have no interest in exposing these people but use it for compliance. This is how they control the entire country and can escape their own illegal activities and appoint anyone from President in office.-Mr Waite "
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" These people just want to make money by hook or by crook ...to hell with Trinidadians & Tobagonians. -Smith "
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" These people are becoming overbearing now. Trinis just like the dumb Americans who believed that Trump was so rich that he wouldn't want to rip off the state. The 1% in TT have already taken over the treasury for those who are hoodwinked. "