264 responses to “The Michael Carrington Watch–Governance Crisis”

1. 

   pieceuhderockyeahright

   February 2, 2015 at 7:43 pm

   
   

   Legal Escrow Facilitation Unit (for) Money as in Lef-um or left de people brass hole money alone

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2. 

   ac

   February 2, 2015 at 8:32 pm

   
   

   look the judical managers are strategically dumb and the various contracts which will be given into evedience would show how that there efforts to haul and drag were self serving and to cover ass nothing more nothing less. after all their were the ones to it around and do nothing to protect the policyholders,.Now they come up with this smoke and mirror strategy pretending, well i have see better nets cast than this one and they came up empty handed ,the same can be said of this

   hi bds mike i see the BU court have hired you to be their resident advisor for today to dispel fact from rumor and give these knuckleheads a birds eye view of how things work in the corporate world, but as usual the Master of pontification and hyperbole dusted off his old rule book sat right up front giving advice as to how things legal work in bushman world, very impressive or depressive
   listen advisor don’t get too depress the BU gangsters are notorious for head butting i got a few to prove (evedience) any how bro stay( put )any job is better than none even if the wages are cheap, here is a piece of trvia worth stating ( just in case) BU have their resident labour manager Caswelll who himself is unemployed but will take on any challenge be it labour or otherwise
   BTW how was my spelling today A or B wait wuh happen to the Judge David he seem to be less frequent today, somebody told me that he was advising mia on how to push carrington off the bench head first followed next by OSA,

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3. 

   millertheanunnaki

   February 2, 2015 at 8:34 pm

   
   

   @ bdosmike February 2, 2015 at 7:13 PM

   Thanks for letting us know you are not that stupid just naïve and living in cloud cuckoo land.

   My friend, you will have to wait until 2020 before you get your day in court. This CLICO funeral will last until the Twelfth of Never.
   Check and see who will be representing the biggest target of your lawsuit; if not godhorse Hal the teaching mate and confidant of the fumbling man in the highest of places who has a garrulous leper as a pal to protect at all cost and whose law school buddy is in charge of the same judicial arm of government.
   Now with such incestuous activity, you really believe your case will ever see the light of day under the current dispensation?

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4. 

   DeeWord

   February 2, 2015 at 8:56 pm

   
   

   @Caswell Franklyn February 2, 2015 at 7:10 PM #…I will give you a hypothetical situation, and I must add that even though it might have some characteristics or bear some resemblance of known events, I am not referring to any particular person.————————–

   Interesting scenario and based on your wide experience there is a good chance this is a composite of situations or actually happened previously.

   So my question to you though: What about the cancelled check or wire transfer?

   Surely, the elderly person received the ‘substantial funds’ by some means other than cash that can be verified.

   The other part of this also is that as a general rule elderly folks should have someone as a trustee (relative, close friend) if they feel a lack of trust with any professional/person with whom they are doing business.

   Of course Barbados has it’s problems of elder abuse as well and relatives or supposed confidants may also take advantage of the elderly person and rob them blind.

   So, unfortunately some elderly folks are going to get defrauded simply based on the caliber of people in their lives.

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5. 

   Crusoe

   February 2, 2015 at 9:32 pm

   
   

   Please, please someone give ‘ac’ a blowhorn and send her to Broad Street, we need some light entertainment.

   PS ac, your ‘Angel of Wickedness’, priceless that, I cracked up. You are absolutely two cans short of a six pack.

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6. 

   Crusoe

   February 2, 2015 at 9:36 pm

   
   

   Colonel Buggy February 2, 2015 at 5:09 PM # Bush Tea February 2, 2015 at 12:29 PM #
   …..HOW THE HELL DO YOU ALL NOT START A DAMN RIOT?
   ……………………………………………………………………………………………………………
   With the QEH running out of supplies almost weekly, no Bajan is eager to facilitate or test Ronald Jones famous problem solving theory.

   Thanks for reminding, easily forgotten with the hijinks that the rest of the comedy crowd are up to.

   My gosh, what a lot.

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7. 

   Colonel Buggy

   February 2, 2015 at 10:17 pm

   
   

   Perhaps we now understand why the PM and Leroy Parris are bossum buddies. One has wrecked an Insurance empire, and see no fault on his part. The other has wrecked a small coveted empire (ask Ralph Gonsalves) , and similarly cannot see no fault on his part.

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8. 

   Prodigal Son

   February 2, 2015 at 10:19 pm

   
   

   @ millertheanunnaki February 2, 2015 at 8:34 PM #

   @ bdosmike February 2, 2015 at 7:13 PM

   My friend, you will have to wait until 2020 before you get your day in court. This CLICO funeral will last until the Twelfth of Never.
   Check and see who will be representing the biggest target of your lawsuit; if not godhorse Hal the teaching mate and confidant of the fumbling man in the highest of places who has a garrulous leper as a pal to protect at all cost and whose law school buddy is in charge of the same judicial arm of government…………..

   Well, well, well.

   Leroy Parris on my TV tonight telling Barbados with a bold face that he has done nothing wrong and if he had to do it over again, he would do the same.

   Maybe thief bigger then?

   This man should be glad he lives in Barbados. Can you imagine this man could tell Barbadians that it was not him that caused CLICO to collapse, it was because people bad mouthed the company that caused people to come for their money and made a run on the company. His diabetes really has him delusional.

   And can you believe Hal Gollop? The man actually said tonight that based on the papers he had in his hand, CLICO still owes Parris 6.5 million. Does Hal Gollop know that it is alleged that the lying thieving dead king concocted those papers after the company went belly up? When the Oversight Committee asked for these documents, they were non existent. Parris said tonight that the company should never have been put under Judicial Management! He has some nerve.

   How can Hal Gollop sell his soul like that? He said that CLICO still owes Parris…………wait, after paying him $80,000 a month, after Parris was siphoning off huge sums by way of Branlee and Professional Services? Flying about in a private jet which cost $90,000 per month to lease…….for his own aggrandizement out of policy holders monies.

   Greedy is as greedy gets! Leroy Parris is going to suffer the same fate as David Thompson!

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9. 

   Bush Tea

   February 2, 2015 at 10:55 pm

   
   

   @ bdsmike
   Thanks for your frank response. Indeed your position is as solid as one would expect from a true Bajan, and in normal circumstances, would warrant a grade A+ appraisal.

   In normal circumstances …like where we had real courts, honest lawyers, ..like where Lodges did not supersede the Law of the land, and where politicians were there to guarantee fairness and justice…especially for the weak and poor.

   But these are NOT normal circumstances….so normal tactics WILL NOT WORK.

   ALSO…Bajans are brass bowl idiots…… You must know that!! THEREFORE you should NOT expect them to stand up for their rights.
   …They will not march
   …They will not sign petitions
   …They will not even whisper too hard …least the neighbor find out CLICO robbed them

   SO DON’T EXPECT THEM TO SUPPORT YOU….even though you are probably only doing this for THEM….unless of course you holding a dub fete..

   NOW let us look at the tactics….

   1) Politicians – NO …they are lackies and have been brought lock stock and barrel by the very thieves you battle…..

   2) Lawyers – LOL Ha Ha …oh shiite…. muh belly… even bigger crooks than CLICO..

   3) Courts – No… Waste of time. a combination of (1) and (2) above.

   4) The Public – NO ….Brass Bowls… as you clearly see from your membership.

   5) External forces….YES…
   …..Seek ways to go directly to the CCJ just like the Jamaican girl did…
   …..Write to the World Bank/IMF and ASK FOR THEIR HELP
   …. Check the International agreements we have signed. You are sure to find at least one that has been broken in the CLICO shiite. (Murderers do this all the time to escape being hanged)
   … Seek help from iNTERPOL/FBI/Mounties etc by arguing that funds have been laundered offshore into their jurisdictions.
   …Engage the international press by writing your story and asking them to highlight your plight
   …write a damn book

   6) Do like Plantation Deeds and use the social media. Call names. highlight the brazenness of the crooks. keep at it (don’t mind Enuff’s complaints, he knows why it bothers him…) Embarrass their asses. it MUST raise their pressure every time they have to go out in public knowing what people are saying about their deeds…

   7) Have a “sit-in” outside Leroy Parris’ house every last Friday in the month… take food and drinks and play some music (Dub) and carry signs asking him please for wunna money as promised….

   8) Same thing on Brown’s beach by the esplanade every second Friday. …more food and music ….. and signs asking Froon to ask his friend to please tell the pensioners bout their money….

   …and don’t mind the eddy kashun minister with his shiite talk, Bushie understands that some of the same soldiers and policemen going to be on YOUR side of this issue when the bell rings….dem got money in there too…
   …he may be surprised WHICH heads get cracked…. 🙂

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10. 

    Hants

    February 2, 2015 at 11:11 pm

    
    

    Former CLICO executive, Leroy Parris has been speaking about the collapse of the company and his role in the business over the years.

    This was during a press briefing called by his lawyers Hal Gollop QC and Vernon Smith QC to discuss the latest developments in the matter.

    Former Clico Executive, Leroy Parris was responding to questions from the media on whether he felt responsible in any way for the problems being faced by the company.

    In fact, Mr Parris says during his time at CLICO, it was well managed and very profitable, accounting for several successful investments in Barbados and across the region.

    He says where things went wrong was the run on Clico, after word got out that the parent company had financial problems.

    He is adamant however that the Barbados operation should not have been put under judicial management.

    The former executive says however he is sorry about the outcome and empathizes with the policy holders, of whom he is one.

    On the issue of the 3.3 million dollars which the Judicial Manager is now trying to recover from Mr Parris, his lawyers say it is money to which the former executive is entitled.

    Attorney Hal Gollop produced four documents which he says detail the set up of the company, Professional Financial Services and the agreement to pay Mr Parris gratuity of 10 million dollars that was due on May 15th, 2008.

    Mr Gollop says there have been several misconceptions over the years regarding the money owed to Mr Parris.

    The lawyer declined to comment on the merit of the suit because it is before the court.

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11. 

    Artaxerxes

    February 2, 2015 at 11:34 pm

    
    

    The following excerpts were taken from page 12 and 12 of the “Forensic Audit of CLICO International Life Insurance Ltd. (under Judicial Management): Report as of December 5, 2011”:

    There were also a number of payments funded by CIL, which related to CLICO Group Executives:

    Payments to related parties:

    • On January 16, 2009, a payment for $3.333mm was made to the law firm Thompson & Associates by CIL. We examined the invoice from Thompson & Associates dated December 30, 2008, which described four different legal matters in detail and the “fees‟ or “retainers‟ for each. The invoice was approved by Mr. Leroy Parris, as Chairman. The invoice was paid by CIL cheque on January 16, 2009 and deposited „to the credit of the payee‟ that day. CIL recorded three of the four matters as an inter-company receivable from CHBL. We were advised that the fourth amount for $237K was believed by CIL to be its expense at the time the invoice was received and therefore this item was not charged back to CHBL. In CHBL‟s accounting records, three of the four matters were recorded as separate transactions as “Professional Fees”, totaling $3.096mm.

    • We have been advised by CIL that the $3.333mm payment was actually to the benefit of Mr. Leroy Parris, the former Chairman of CIL and CHBL, and related to partial payment of a “gratuity”. We have been advised that Mr. Parris acknowledges that this payment was related to the “gratuity” payments owed to him under his employment contract. The employment contract was between CHBL and Professional Financial Services (“PFS”), which we understand to be Mr. Parris‟ company through which his remuneration was paid, and was signed by Mr. Parris, Mr. Duprey, and Mr. Terrence Thornhill. Part 4 of the contract provided that:

    o “The employer will pay to Professional Financial Services Inc. and/or Leroy Parris a gratuity of US $5,000,000.00 on the 15th day of May 2008 in such manner as may be agreed between the parties on terms as set out but amended herein as to the date of payment but in no way otherwise in a letter dated December 5, 2002 between Leroy Parris and Lawrence Duprey”.

    • We have not seen a copy of the letter dated December 5, 2002 referenced in the employment contract.
    • CIL provided a letter dated June 18, 2010 from CHBL to “PFS”, which indicated that:

    o “In addition, under contract commencing May 15, 2005, Clico Holdings (Barbados) Limited will pay to you, a gratuity of BDS$10 million on May 15, 2008. BDS$3,333,333 of this amount has already been paid”.

    • We found no reference to this payment in the Minutes of CIL or CHBL at or around the time it was made. However, in July 2009, shortly after the appointment of Dr. Frank Alleyne as the Government‟s representative on the Board of CHBL, there was reference to a request from the Oversight Committee for information relating to payments made to Mr. Parris, specifically a copy of Mr. Parris‟ employment contract;

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12. 

    Caswell Franklyn

    February 3, 2015 at 12:01 am

    
    

    Prodigal Son

    Re: your 10:19 comment.

    You lost me there. What should?

    >

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13. 

    David

    February 3, 2015 at 3:42 am

    
    

    Isn’t the issue about the 3.3 million check more to do with a false invoice generated to support the payment?

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14. 

    are-we-there-yet

    February 3, 2015 at 1:08 pm

    
    

    Artaxerxes; Its refreshing to see that they were some DLP operatives who operated with impeccable ethics in matters under their purview. Dr. Frank Alleyne was a shining example of ethical professionalism in the CLICO matter as you outlined above.

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