Hindu Credit Union investors pour out their grief

HCU investor Jennifer Gobin wipes her face as she recounts her ordeal of trying to get her money from the bankrupt credit union at Tuesday’s sitting of the Commission of Enquiry into the collapse of the CL Financial and HCU empires. (Trinidad Guardian photo)

(Trinidad Guardian) Lured by high interest rates, shareholders who invested in the Hindu Credit Union (HCU) went from prosperity to poverty, after HCU’s funds had dried up in June 2008. After she’d invested her life’s savings into the HCU, all Camini Cole could get back was TT$500, she testified at Monday’s sitting of the Commission of Enquiry COE into the collapse of the CL Financial and HCU empires. The “beautiful life” Cole had planned to live when she retired had evaporated along with her independence. Shaun Khan said his grandfather died from a stroke three days after he learnt that his money was in trouble in the Harry Harnarine-run