Lawrence Duprey, former chairman of the collapsed CL Financial Group of Companies, has been taken to court by former CL Financial executive Carlos John for breach of contract.
John, a former government minister, is contending that Duprey failed to repay him part of a personal loan worth in excess of $5 million, following an oral agreement between the two in 2012.
According to court documents, Duprey had initially intended to accept liability in the lawsuit, but when the matter came up for hearing for the first time yesterday at the Hall of Justice in Port of Spain, his attorneys indicated to presiding Judge Frank Seepersad that their client has since back-tracked on this and instead wished for the matter to proceed to trial.
But following the submission by Duprey’s lead attorney, Farid Scoon, the judge said he would have to peruse the law and make a ruling on whether such a position could be adopted by Duprey. That decision will be delivered on May 12 when the matter is recalled.
Neither Duprey nor John was present in court during yesterday hearing.