The Trinidad and Tobago Football Association (TTFA) has agreed to pay the $1,262,413 million it owes a Chaguanas businessman in tranches—the first being $262,413.19 will be paid by the end of this month.
As a result, businessman Imammuddin Baksh, the managing director of Graphix Advantage Ltd, withdrew his application before Justice Frank Seepersad to freeze the TTFA’s band account for its failure to pay the sum of money arising from a judgment in Baksh’s favour over a year ago.
When the matter came up last month in the San Fernando High Court, the judge adjourned the matter to allow the parities to attempt negotiations.
Yesterday, the parties informed the judge they had arrived at a settlement. The judge directed by consent order that the first payment of $262,413. 19 be paid by December 31, 2016, followed by five monthly payments of $200,000 commencing from January 21, 2017.
The Association also agreed to pay costs and interests in two parts - $145,333.58 by February 28, 2017 and $239, 858. 48 by June 30, 2017.
Baksh, the former secretary of Jack Warner, had taken legal action against the Association (named as T&T Football Federation) inwhich Warner and Local
Organising Committee (LOC) South Africa 2010 Ltd for outstanding money owed to him for work done during the 2010 Fifa Under-17 Women’s World Cup.
Warner was the special advisor to the TTFA at the time and chairman of the LOC. The judge found Warner was not liable, but ordered the TTFA and LOC (which is non functional) to pay Baksh the sum with interests and costs. Baksh was represented by Henderickson Seunath SC.