KINGSTON, Jamaica, CMC—The Jamaica School (JC) has paid former schooling minister Ruel Reid J$3.3million (One Jamaica greenback = 0.008 cents) in an out-of-court settlement over allegations of incentive funds owed to him from his time as principal of the establishment.
In July 2023, Reid filed a lawsuit within the Supreme Courtroom in opposition to the Jamaica School Belief and the Jamaica School Basis, claiming that sure incentives that had been agreed upon when he was the principal of JC needs to be paid to him even through the interval he was absent from the college on secondment after which on particular go away to imagine the position of minister of schooling.
Reid claimed an estimated J$28 million, with curiosity.
In a press release, the Jamaica School Belief stated the choice to pay Reid was commercially tough however was taken after receiving authorized recommendation and weighing the danger of continuing with what it stated would have been a pricey litigation course of.
Derek Jones, chairman of the Jamaica School Belief, stated the settlement will price 10 % of the quantity in danger.
“This places the saga behind us and permits us to think about how greatest the cash which was in danger within the lawsuit could be greatest used to additional the pursuits of the 1,650 boys who attend Jamaica School,” Jones stated.
“The Belief was suggested {that a} trial of the matter would seemingly happen after a number of years and at a possible price of roughly 5 million {dollars} in authorized charges. The overall quantity in danger was, due to this fact, of the order of $33 million,” the assertion from the JC Belief stated.
Jones expressed his reduction with the event and stated he’s now directing his full focus and efforts towards the additional development of the college, the employees, and the scholars.
Reid, a profession educator, handed Holness his resignation in March 209 amid swirling allegations of corruption, cronyism, and mismanagement at Caribbean Maritime College (CMU), which falls below the Ministry of Schooling.
A number of months later, Reid; his spouse, Sharen; daughter, Sharelle; CMU President Fritz Pinnock; and councilor for the Brown’s City division of the St Ann Municipal Company, Kim Brown Lawrence, have been arrested on fraud-related expenses for allegedly diverting roughly $50 million from the CMU.
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