By Louis B Homer South Bureau
Basdeo Panday, former leader of the United National Congress (UNC), has set up a foundation in his name—The Basdeo Panday Foundation.
He said the objective is to pursue non-electoral politics without being in Parliament.
"The fact that I am not in Parliament does not mean I will give up the struggle for the oppressed and helpless people in the community," he said yesterday.
His first order of business was to write to Finance Minister Winston Dookeran asking if he intends giving Hindu Credit Union (HCU) investors the same bail-out treatment as financially troubled Clico.
Panday told Dookeran in the letter about an alleged election campaign promise to depositors and investors of the HCU "that should the People's Partnership form the government a bail-out similar to Clico will be offered to them". Panday said, "since the formation of the PP government I have been inundated with several requests from numerous persons who have suffered from the collapse of the HCU."
"Will the government keep its promise?" Panday asked. In the run-up to the May 24 polls, the Hindu Credit Union.
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