The police investigation into the infamous ‘fake oil’ scandal, involving the now-defunct state oil giant Petrotrin and A&V Oil and Gas is still ongoing.
This according to Police Commissioner, Gary Griffith, who was asked for an update on the police investigation into the fake oil scandal during a press conference yesterday.
Over the weekend, A&V Oil and Gas was successful in its case against Petrotrin, when three arbitrators ruled in the company’s favour, finding that Petrotrin failed to prove that the company engaged in any inappropriate practices and was entitled to be paid for their services.
A&V provided crude oil to Petrotrin until 2017 when Opposition leader Kamla Persad-Bissessar alleged the company was defrauding Petrotrin of almost $100 million by inflating its oil production figures. The company is now entitled to an $84 million payment that was previously held in escrow and may also be entitled to damages.
Asked to comment on the ruling yesterday, Griffith said, “That situation between Petrotrin and AV has nothing to do with the police investigations, the decision made in the arbitration has nothing to do with the investigation.”
He said he received an update on the police’s investigation on Sunday and he was told investigators are seeking independent investigators.
“We are looking for an independent reservoir engineering expert that is going to assist us to ascertain certain things and also a forensic investigation will take place and this is to validate the legitimacy of crude quantities,” Griffith said.
He said the TTPS’ legal department is doing letters of engagement to retain the services of those experts.
“After the contracting of these experts, we will be able to complete our investigation with the findings to ascertain where we go from here,” Griffith said.