BU was informed by a source last week that fees paid to Deloitte’s Judicial Managers to date have amounted to the tidy sum of 7.2 million. However based on a recent communication (posted below) it appears that figure is about a million understated. It is an angle to the CLICO Mess which has not attracted much discussion. Perhaps the time has come to place the matter of Judicial Manager’s fees under the radar – Barbados Underground
The policy holders and investors in CLICO will be shocked to discover the goings-on since that company has been put under Judicial Management with Deloitte Consulting Inc in Barbados.
I was going to write a long story with all the facts but I reconsidered and thought the the below evidence is sufficient to shock the public to the core:-
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BNB Cheque #XXXX in the amount $480,000.00 drawn to Deloitte Consulting and signed by Jordan / Toppin and dated 30/05/2011.
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BNB Cheque #XXXX in the amount $356,213.00 drawn to Deloitte Consulting and signed by Toppin / Marshall and dated 06/07/2011.
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BNB Cheque #XXXX in the amount $400,000.00 drawn to Deloitte Consulting and signed by Jordan / Toppin and dated 28/06/2011.
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BNB Cheque #XXXX in the amount $336,050.00 drawn to Deloitte Consulting and signed by Toppin / Marshall and dated 27/09/2011.
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BNB Cheque #XXXX in the amount $450,000.00 drawn to Deloitte Consulting and signed by Jordan / Marshall and dated 14/10/2011.
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BNB Cheque #XXXX in the amount $1,292,357.53 drawn to Deloitte Consulting and signed by Jordan / Marshall and dated 27/10/2011.
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BNB Cheque #XXXX in the amount $1,248,081.56 drawn to Deloitte Consulting and signed by Jordan / Toppin and dated 29/11/2011.
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BNB Cheque #XXXX in the amount $1,149,152.00 drawn to Deloitte Consulting and signed by Jordan / Marchall and dated 14/12/2011.
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BNB Cheque #XXXX in the amount $480,000.00 drawn to Deloitte Consulting and signed by Jordan / Toppin and dated 30/05/2011.
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BNB Cheque #XXXX in the amount $927,815.25 drawn to Deloitte Consulting and signed by Jordan / Toppin and dated 20/01/2012.
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BNB Cheque #XXXX in the amount $1,609,855.75 drawn to Deloitte Consulting and signed by Jordan / Toppin and dated 24/02/2012
Based on the above it would appear that by time the Judicial Manager is finished with CLICO the policy holders and investors will be 10 – 20 million the poorer.
The blogmaster invites you to join the discussion.