Trinidad Petroleum Holdings Limited (TPHL) Tuesday says it is trying to determine if an offense had been committed after Energy Minister Stuart Young said a false document had been submitted by a local company in its bid to acquire the state-owned oil refinery.
TPHL, which was formed after the state-owned PETROTRIN was restructured in November 2018, said in a brief statement that it is in receipt of a document submitted by Patriotic Energy Services Company Limited in furtherance of its non-binding offer for the oil refinery.
According to TPHL, the document was identified as evidence of a wire transfer of US$1.5 billion nto a local bank, with Patriotic Energies and Technology Company Limited as the beneficiary.
But TPHL says information suggests there was no such transfer, and the document has been referred to its legal advisors and the relevant authorities for advice.
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