Whistleblower Policy Needed–Former CLICO Executives Speak Out
The failure of CLICO and other failures in the Eastern Caribbean require regional governments to implement a whistleblower policy. It is evident regional regulators are more committed to managing within national boundaries therefore pan Caribbean companies will continue to be a challenge. BU believes a whistleblower program facilitated by Caricom can act as an ancillary mechanism to support the function of moribund regional regulators. The lack of labour mobility in the Caribbean means individuals are not motivated to risk personal financial hardship and victimization in the name of doing what is ethical and moral.
The following comments were posted in another forum by individuals purporting to be Neval Greenidge and Larry Davis, both former CLICO executives. There is always the case to question the motives of former employees in a situation like the one unravelling with CLICO. In light of what has transpired all actors who played a part should be clinically interrogated to accurately piece together the truth behind the demise of CLICO Barbados Holdings and subsidiary companies.
February 3, 2015 at 10:31 am
This is Neval Greenidge who worked with Leroy Parris for 16 years and who know from personal association with the company that he has everything to do with everything that went down…I would like to call for a criminal investigation and or an enquiry at his expense if he is innocent…I will be the first to give evidence and also bring my documents and tell of the ones that were taken from my file to hide some of his terrible misdeeds to the people of this country…I hurt every day for my policyholders who I left there because of serious and honest approach to the industry that gave me everything and which I still love dearly. When I read of them not being able to get their pensions nor send their children to school it hurts from the pit of my stomach since I know where so many millions were diverted.. What is happening to the board of Directors….
I am ready willing and able and want to see justice for those unfortunate people he has fleeced and driving around this country without a care.
Original story – Barbados Today
February 3, 2015 at 1:00 pm
I agree with Neval Greenidge, I also worked for the CLICO group in the banking side and witnessed some of the actions of Mr. Parris and Mr. Duprey. Thank God I got out when I did (1993) and the bank was eventually sold or it would have gone down the tubes as well. Would be interesting to look into the downfall of Plantations Group which was engineered by CLICO and what happened to the assets there which by the way were handled by the same Deloitte’s and no statements were ever issued as to the disposition of those assets. Mr. Parris was never trained nor had the experience to be the leader of CLICO, he was simply a puppet of Lawrence Duprey and did exactly what he was told to do with no questions asked, that is his crime and he can not walk away with a clear conscience.