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Whistleblower Policy Needed–Former CLICO Executives Speak Out

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Embattled Leroy Parris flanked by Chis Sinckler, minister of finance and Hal Gollop QC, Parris' lawyer on the campaign trail in 2013
Embattled Leroy Parris flanked by Chis Sinckler, minister of finance and Hal Gollop QC, Parris’ lawyer on the campaign trail in 2013

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.

Neval Greenidge

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

Larry Davis

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.

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163 responses to “Whistleblower Policy Needed–Former CLICO Executives Speak Out”

  1. Artaxerxes Avatar
    Artaxerxes

    @Anthony February 5, 2015 at 9:30 PM #

    “My only reason for commenting was that I could not believe him being truly sorry for leaving HIS clients behind at Clico but contacting me AS SOON AS HE STARTED ALICO and passing on inside Clico information.”

    Anthony, I don’t know very much about the insurance industry, but normal business practice would suggest what Greenidge did by revealing CLICO’s information in order to solicit sales is unethical.

    The accounting profession is guided by a code of ethics, which is given to all professional accounting students to study for the duration of the program. Unfortunately, like any other profession, we will encounter dishonest accountants who would “take short cuts” or ignore financial irregularities in order to make “quick” money.

    When an accountant leaves the employ of one organization to seek employment in another, he is bound by ethics not to divulge his previous employer’s confidential information to his new employer, especially if both organizations undertake similar business activities.

    But these things would happen in an ideal world…… this is the real world.

  2. Clico policy holder... Avatar
    Clico policy holder…

    I read with surprise what Anthony wrote about he man..

  3. Clico policy holder... Avatar
    Clico policy holder…

    I can can without a doubt say that he was one of the most caring and decent insurance agents to ever grace this country. He sold me three policies at Clico and one at ALICO and never did he once ask me to stop paying my older policies..he was also a top detective who I had the privilege of working along side and he not only taught me policing but life and to always be the best and most dignified despite being a police officer..do you think he could have gone around telling every client to stop paying their insurance program at Clico? In fact he should be applauded for his decency in ensuring that they maintained their insurance since at that time Clico was believed to have to been one of the leading companies. I remember him saying about 10 years ago that Parris fired because he told the agents in training that the same policy should not be sold in such large numbers but that they should focus on the regular insurance plans and that he had call back one of the clients for their money since he didn’t like what he saw..You should appreciate the guys honesty and understand that he is truly a highly respected and very honest and decent man. Parris should have never been ther but we all know now the purpose.

  4. balance Avatar
    balance

    What I would Mr Greenidge to explain is why he never disclosed the evidence in his files about the terrible misdeeds Mr Parris was inflicting on the people of Barbados.

  5. Bajan boy Avatar
    Bajan boy

    I agree with Walter as what we seem to want to do is to shoot the messenger and allow the message a clear ride. Don’t you think there are many others who know a lot about Clico as well and are scared to speak because of people like Anthony..I don’t want to say that Neval is a paragon of virtue but I can without a doubt he was one of the best and most honest insurance agents to ever grace our shores. He is undoubtedly one of the best recruiters and best trainer I have worked with in my 25 years in the insurance industry. If the circumstances now permit him to speak so be it.he is not the target he worked honestly and real hard for what he earned he was never one to steal and I can say boldly he worked to keep the industry clean and fired anyone he caught stealing from clients. I worked at Clico with him and I know he was the envy of the industry because of his high ethical and other standards. He even set a standard for dress that changed the face of the industry through the Clico agents who emulated him..so let’s get on with real issue and stop trying to shoot the messenger..

  6. Reynold Avatar
    Reynold

    It is surprising you should ask that question Anthony as I know Neval has been fighting a case against Clico for over 15 years and it is still pending. He paid the price for fighting the same Leroy Parris against selling that policy.

  7. Anthony Avatar
    Anthony

    It is surprising that Neval whom some have described as a good and caring man are describing what I have outlined as shooting the messenger.

    Many Clico past employees knew the shenanigans going on for years before the company was exposed but still went on to sell policies to new or existing clients.

    In fact Neval said he has a file about impropriety and fraud dating back over his years at Clico.

    If one cares about clients and I am not talking about fellow agents with the same agenda, then Clico clients should have been notified like I was several years before it hit the fan.

    Many of the pensioners who are now suffering including the ones who have went to the grave may have been spared.

    That is my only concern.

  8. millertheanunnaki Avatar
    millertheanunnaki

    @ David BU:

    David man, it seems the High Court has heard the cries of the CLICO policyholders and pensioners and the pleas from the ‘decent-minded’ people of the BU household (ac & co purposely excluded) and has frozen the assets of Leroy Greenverbs Parris and his tax evasion company.

    But it seems Leroy has been returned to the den of lepers and abandoned by his friends in high places. Or is this just a sham to deflect the focus from the DLP administration while blocking any attempts to conduct a full tax audit into the affairs of the tax dodger and money launderer. The poor pharmacists and suppliers to the QEH would be glad to get a shot of monetary morphine (from Leroy’s ill-gotten stash) up their arms to ease the financial pain and suffering brought on by the current political administration’s fiscal and monetary indiscipline and obvious incompetence.

    Will Leroy’s high-powered legal backers appeal the ruling of the High Court to put the matter in a judicial coma as suggested by the PM in the case of the Speaker Carrion? Or will he be the fall guy to protect the third defendant name in the BIPA lawsuit Mara the executrix of David’s ill-gotten millions?

    This is make or break time for the judicial system in Barbados with serious implications for foreign investors looking on to see if the monkeys handling guns will be shooting at the right target.

  9. Davie Avatar
    Davie

    It had to come to a head at sometime and if the time is now then it is the right time.We just have to be watchdogs of out Judicial system. The financial audit should also be unsealed and we will then have a full picture of the actual sums of money the three of them are responsible for taking amongst themselves. Hilford Murrell also need to speak out as he was also a senior executive there and knows quite a bit about infelicities. The house at Dayrells was built without out a cent of his all from Clico proman when they building the houses at Cleirmont yet he took 650.000 in lump sum mortgage…the tax man had all of the information for sometime now we will await true Justice….

  10. David Avatar
    David

    @Miller

    It will be a win win. The JM gets the 3.3 million or be fritters it away in legal fees.

    Also make the separation between the BU family and that of the household :-).

  11. David Avatar
    David

    @Anthony

    You are correct, many like Thornhill, Browne, Brewster, et al knew of the shenanigans.

    Note the Barbados court issued the order to freeze Parris’ assets in the two companies totalling 4.4 million in assets. Mara Thompson is attached to this matter as a defendant in her capacity as Executrix of a David Thompson’ estate.

  12. Evergreen Avatar
    Evergreen

    Anthony wake up it is not about Neval you are sounding a little too personal it is about Leroy Parris and the collapse of a company he mismanaged and the loss of 400 million dollars that policy holders need to retrieve one way or the other.

  13. Bush Tea Avatar
    Bush Tea

    @ Anthony
    If one cares about clients and I am not talking about fellow agents with the same agenda, then Clico clients should have been notified like I was several years before it hit the fan.
    ++++++++++++++++++++++++++++
    ….so what was your reason for failing to spread the news after you were made aware of the issues with this policy?

    You could have gone to the press, the call shows, the newspapers etc.

    Also, how do you know that others were not similarly warned as you were…?

    It is not normal to expect someone who has been closely associated with an organization and who leaves on bad terms, to go around bad talking that organization – it comes across as sour grapes and vindictiveness.

    ….sometimes there are confidentiality agreements involved.

    Stop casting aspersions unless you have other information of bad intent…

  14. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    What came first?

    Did Neval, as is the ploy of any insurance salesman, approach Anthony as a potential client, and say “examine and compare what my company Alico has with what your Clico has, because it is always good sense to review insurance because actuarially speaking, what you purchased 10 years ago for premium x will cost less now, AND BY THE WAY, Clico investments are at a risk?

    Was his a genuine concern for an assured rather insured party, or was he like any other insurance salesman looking for new business and sought to leverage insider information to his advantage?

    Many seek to paint Neval as a man of deep principles but hindsight being that he targeted Anthony because of his significant disposable income one would be inclined to believe that he was not so principled after all

    And Reynolds’ recent comment regarding Anthony’s outstanding suit against Clico, if true, gives a different complexion on this matter of Neval’s seeming ” principles ” of full disclosure these many years hence

    You do the right thing all the time not only some of the time for your obvious advantage.

    Having said that, the enemy of my enemy is my friend and his “principles” would in this matter of Clico malfeasance appear to be another nail in Parris’ coffin

  15. are-we-there-yet Avatar
    are-we-there-yet

    Bushie re. your 8:23 am post

    You’ve got to the heart of the matter, as usual!

  16. Anthony Avatar
    Anthony

    @ Bush Tea

    Remember I was sold a Policy by a former Clico agent from someone whom I considered a friend and was enlightened by Neval who had taken up the top post with Alico.

    Neval during our meeting did not inform that he had left Clico under bad terms or he had a court case against Clico as mentioned by another commentator.

    My responsibility was to confront the former Clico agent who missold me the product; to which I did and have my private matter resolved.

    The responsibility to making it public should have been the Clico Agents and Senior Managers who benefitted financially from funds invested by the clients and who knew better and had more than information than I had.

  17. Bush Tea Avatar
    Bush Tea

    @ Anthony
    The responsibility to making it public should have been the Clico Agents and Senior Managers who benefited financially from funds invested by the clients and who knew better and had more than information than I had.
    +++++++++++++++++++++++++
    You were placed in a difficult position of needing to save your investment and at the same time having access to important information that could have damaged CLICO.

    The truth is that “the responsibility to making it public” was that of ALL RESPONSIBLE CITIZENS who had the information.

    The point is that you found yourself placed in as guilty a situation as those insider CLICO agents. They probably have good excuses for their silence too… (mortgage to pay, children to feed, medical commitments…)

    Who says that the agents had better information than you did…? you may be surprised. You are clearly a highly intelligent man, ….some of those agents…. 🙂 ..not so sure..!!

    Finally, how about all those clients (you included) who paid good money for a pig-in-a-poke?
    Didn’t they (you) ALL have a responsibility to READ the damn contract …or at least get an independent opinion from another expert (like an agent from a competing company) BEFORE putting down good cash?

    Very few are blameless in this mess….

  18. Bush Tea Avatar
    Bush Tea

    @ Anthony
    …and how about gurus like Walter who HAD TO KNOW that these policies were a lotta shiite from day one… (cause he is bright as shiite and actually understands these things)… should HE not have created a big stink?

    …was Walter not a big Radio host or something in those days? 🙂
    …Was he not intimately aware of the CLICO internal shambles back then?

    …to whom much is given…..

    But in the FINAL ANALYSIS…
    Those various CLICO BOARD MEMBERS are the ones who must pay the ultimate price. THOSE scamps accepted the fiduciary RESPONSIBILITY to oversee the proper management of that company ….and failed miserably.

    Even those that resigned had a responsibility to VOICE their concerns and reasons for resigning….. and they ALL had a DUTY to understand the business and to ensure that all was above board….so cannot claim ignorance…

    They MUST NOT BE ALLOWED to hide behind the ass of the crooked idiot Parris.

  19. Bush Tea Avatar
    Bush Tea

    ….and don’t talk about the other call-in host who always knew shiite because “school children used to talk outside his gate”….

    Strange that he heard not one shiite INSIDE CLICO’s board room but every other topic by a bus stop….

    Strange that he also ended up on other boards where the organization’s accounts are in shambles and business seems to be falling apart ….

    passing strange that he has now been promoted again to represent us in our most critical tourist market…

    what the hell are we rewarding…..? …..fumbleness?

    steupsss

  20. Anthony Avatar
    Anthony

    @ Bush Tea

    Didn’t they (you) ALL have a responsibility to READ the damn contract …or at least get an independent opinion from another expert (like an agent from a competing company) BEFORE putting down good cash?
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Agreed with the above comment.

    However in my case a colleague who was an accountant for a major local firm told me about the Executive Plan and that he had invested $1/4 million.

    We both shared the same Clico agent as drinking/social buddy.

    That is why I got involved and based on being good friends trusted what we were sold was a good product.

    The fault lie with both of us as we should have read the fine print and ask questions.

    One thing I forgot to omit in earlier posts is that on learning from Neval, I was able to enlighten my accountant colleague who had first told me about the Executive Plan, and he also was able to recover the company he worked for their $1/4 million after confirming to the Clico agent.

  21. David Avatar
    David

    There is enough mess with this Clico fiasco to go around.

  22. Anthony Avatar
    Anthony

    Correction:

    One thing I forgot to mention in earlier posts is that on learning from Neval, I was able to enlighten my accountant colleague who had first told me about the Executive Plan, and he also was able to recover the company he worked for their $1/4 million after confirming to the Clico agent.

  23. Artaxerxes Avatar
    Artaxerxes

    @ Bush Tea February 6, 2015 at 9:44 AM #

    “….and don’t talk about the other call-in host who always knew shiite because “school children used to talk outside his gate”…. Strange that he heard not one shiite INSIDE CLICO’s board room but every other topic by a bus stop….
    Strange that he also ended up on other boards where the organization’s accounts are in shambles and business seems to be falling apart …. passing strange that he has now been promoted again to represent us in our most critical tourist market… what the hell are we rewarding…..? …..fumbleness? steupsss…”

    Excellent, Bushie……. top drawer contribution.

  24. DeeWord Avatar
    DeeWord

    Am I missing something, or is this discourse about the rigged CLICO policies sold to Anthony symptomatic of the lassisez-faire attitude many of us adopt with matters like this when we trust the seller or believe the company offering the product to be top notch.

    Bushie rightly alluded to a simple phrase that a businessman of Anthony’s caliber would have known well: caveat emptor. Or as Bushies said, “Didn’t they (you) ALL have a responsibility to READ the damn contract”.

    Surely the terms (… was supposed to be paid 8% interest and if I tried to withdraw the principal … losing some of the principal decreasing amounts) had to be in the policy contract or Anthony would have been able to sue CLICO and his friend for FRAUD.

    With that in mind I am confused with the comments that “The responsibility to making it public should have been the Clico Agents and Senior Managers”.

    Can somebody (maybe Anthony) clarify for me what exactly was to be made public when the policy was always in the hands of the policy holder.

    As I see it this is a non-point as you cannot legislate against stupidity, outright carelessness or negligence by a victim.

    Unless Anthony can confirm otherwise, it seems to me that Greenidge was chasing new business and took the opportunity to highlight aspects of a CLICO policy that Anthony had never taken the opportunity to review in detail and which he knew would incite Anthony to revoke the policy. No legal issue there as I see it (insurance ethics rules, notwithstanding).

    The legal issues, we can and must pursue, however are “those various CLICO BOARD MEMBERS … who must pay the ultimate price. THOSE scamps accepted the fiduciary RESPONSIBILITY to oversee the proper management of that company ….and failed miserably.”

  25. DeeWord Avatar
    DeeWord

    Ok Anthony your at 9:45 AM answers the question.

    Saw it after my submission.

    I think that makes my point clearly or as the famed Engish teacher would say. ‘pellucidly’.

  26. David Avatar
    David

    @DeeWord

    Caveat emptor notwithstanding what is the role of the regulator and government?

  27. millertheanunnaki Avatar
    millertheanunnaki

    @ Bush Tea February 6, 2015 at 9:44 AM #
    “ ….and don’t talk about the other call-in host who always knew shiite because “school children used to talk outside his gate”….

    Strange that he heard not one shiite INSIDE CLICO’s board room but every other topic by a bus stop….

    Strange that he also ended up on other boards where the organization’s accounts are in shambles and business seems to be falling apart ….

    passing strange that he has now been promoted again to represent us in our most critical tourist market…
    what the hell are we rewarding…..? …..fumbleness?”

    Skippa or Bossman Bushie you ain’t taking any prisoners these days.
    That same man who knows everything and all the solutions to the problems facin the Barbadian business world and Government bureaucracy is one boy that can’t plead ignorance.
    Given his long-standing career at the very top in the field of banking and finance I fail to see how men like Leroy Parris and Terrrence Thornhill could have pulled wool over his eyes so blatantly and consistently. I suspect Mr. Tony Know-It-All either greedily turned a blind eye or was morally complicit in this massive fraud in which he might have received reward in return for consultancy services for financial advice fictitiously provided similar to the legal services provided by Thompson & Associated crooks and scammers.

    If he was sitting on the Board of the Bridgetown Port he would have been like a sniffer dog looking for an ounce of cocaine of corruption or fraud contained in every transaction.

    He contributed to the terrible mess now plaguing the NIS. We are still awaiting the long-promised financials. But what do we get in return other than being saddled with another jackass of a political pimp being rewarded for political ass licking instead of measurable output and performance to represent the country in an international organization and at one of the highest levels in the World.

    And these are the kind of moral criminals that you want the young people to emulate instead of the drug dealers and don gorgans in the heights and ghettoes.

  28. David Avatar
    David

    If we blame Marshall for his hypocrisy, we have to do what To a government who rewards same person with the cushy post?

  29. The game... Avatar
    The game…

    I like most of the agents who were at Clico at the time of the collapse had the privilege of working with Neval Greenidge at that time we all felt and still do that had he and the late Michael St.Clair been allowed to do theirs obsession without the constant interference of Leroy Parris the company would not have been where it ended. They both played significant roles in the development of the agents and I Neval in particular always ensured that agents were properly trained and focused on their development to enable them to identify and write quality business. Those who think otherwise are totally wrong and as some one said earlier is shooting the messenger. Mr. Parris had all the power in fact he said on more than one occasion he is the board and what he says go.
    There was a previous article on BU by a former agent Mr. Walter Blackman who also made a comment on this blog and who intelligently outline in a letter to DPP the man infelicities he needed to see addressed relating to Clico and its policyholders. Like all of the politicians in Barbados on the Government side with the responsibility he as expected remained silent as well.
    Mr. Blackman’s article lend for very interesting reading and you guys should avail yourselves with a copy. This entire issue is about Leroy Parris and not Mr. Greenidge as he also had a case against Clico pending for a long time and had a right to remain silent to avoid jeopardizing his own law suit.
    We stand behind Mr. Greenidge on principle many current agents currently active in the industry can attest to his professionalism,honesty,commitment and love for the industry. He passed on many of those qualities to us and today we are
    much better for it.

  30. The game... Avatar
    The game…

    I like most of the agents who were at Clico at the time of the collapse had the privilege of working with Neval Greenidge at that time we all felt and still do that had he and the late Michael St.Clair been allowed to do theirs obsession without the constant interference of Leroy Parris the company would not have been where it ended. They both played significant roles in the development of the agents and I Neval in particular always ensured that agents were properly trained and focused on their development to enable them to identify and write quality business. Those who think otherwise are totally wrong and as some one said earlier is shooting the messenger. Mr. Parris had all the power in fact he said on more than one occasion he is the board and what he says go.
    There was a previous article on BU by a former agent Mr. Walter Blackman who also made a comment on this blog and who intelligently outline in a letter to DPP the man infelicities he needed to see addressed relating to Clico and its policyholders. Like all of the politicians in Barbados on the Government side with the responsibility he as expected remained silent as well.
    Mr. Blackman’s article lend for very interesting reading and you guys should avail yourselves with a copy. This entire issue is about Leroy Parris and not Mr. Greenidge as he also had a case against Clico pending for a long time and had a right to remain silent to avoid jeopardizing his own law suit.
    We stand behind Mr. Greenidge on principle many current agents currently active in the industry can attest to his professionalism,honesty,commitment and love for the industry. He passed on many of those qualities to us and today we are
    much better for it.s

  31. DeeWord Avatar
    DeeWord

    @David February 6, 2015 at 10:24 AM….Caveat emptor notwithstanding what is the role of the regulator and government?—————-

    There are some fellas on here (Artax, the forensic auditor in particular) who can knock that over the boundary better than I can.

    My simple and broad response is that regulators are there to safeguard the public from all activities where pertinent information is withheld by the offering company and the consumer is unable to make an informed decision on their purchase; or where information in provided to one class of consumer and not to another on the same product; or where the consumer is drawn into a contract with one promise and the rules are changed mid-stream with new promises that can place the consumer at a disadvantage.

    To ensure the company is performing withing established rules and operating as a going concern and not as any form of pyramid scheme or other illegal construct.

    In short, to ensure a level playing field for the consumer against the more powerful corporation.

    Regulators would have reviewed that CLICO contract (I expect) and given their blessing because risk is certainly not illegal.

    Risk (in any form; high or very high) is the nature of business because with great risk can come great reward as well.

  32. Artaxerxes Avatar
    Artaxerxes

    @ millertheanunnaki February 6, 2015 at 10:25 AM #

    Who were the members of CLICO’ board of directors?

    So far, I know of Tony Marshall. He used to passionately defend the DLP in his role as a moderator of “Brass Tack”; he was appointed as an independent senator, chairman of NIS board, and recently, the high commissioner to Canada.

    The late prime minister, David Thompson and Thompson & Associates were on CLICO’s list as “associates and related parties”, and it has been proven they received payments on behalf of Parris.

    We all are aware of Jeptar Ince’s association with CLICO and the DLP. He was the manager of CLICO’s Balanced Fund and the DLP’s candidate for St. George North [obviously, his campaign would be financed by Leroy Parris, and more so if he lives in that constituency.
    Here is a guy who was begging Bajans to invest in CLICO. If you believe that Neval and the other insurance salesmen knew there were issues with CLICO’s policies, then what do we have to say about Jeptar?
    Jeptar has been rewarded for his failure, on two occasions, to win the St. George North seat [and perhaps for other reasons], since he was appointed as a senator and parliamentary secretary in the ministry of finance [and most interestingly, after the collapse of CLICO came to light].
    Ironically, with CLICO and the government receiving financial advice from a man who referred to the fiscal deficit as the “physical deficit”, no wonder CLICO and the state of the Barbados economy are presently in dire straits.

    It would be interesting to learn what happened to the other key players in this CLICO affair, especially those with close affiliation to this DLP administration. Perhaps we may find out that the DEMS have circled the wagons to protect their own.

    Who knows, this entire CLICO affair may prove to be a “mafia type organized consortium”. For example, Parris has access to prominent lawyers; the protection of prime ministers; financing both political parties has its rewards; a warrant was issued for his arrest, but the police could not find him [but easily found “Barry Jack and “Woggy”]; individuals of certain organizations and of particular levels in society were members of the board of management.

  33. David Avatar
    David

    @DeeWord

    And if the report is that a supine Supervisor of Insurance went to sleep at the wheel? Where does the government’s responsibility starts and end?

  34. FearPlay Avatar
    FearPlay

    First off @ Anthony – this is not about you and Neval, this is about a much bigger matter – CLICO and Parris, please don’t distract us. If you feel the need to discuss your interaction maybe you should open a separate discussion.

    Next let me ask, upon whose recommendation is the Governor General appointed? And with that in mind how can someone who defended the DLP with every fiber in their body as a call-in host; was appointed as NIS Chairman, then be appointed an Independent Senator by the GG? INDEPENDENT???? And to add insult to injury, subsequently receives a government appointment to high office in a foreign country. Again I ask, INDEPENDENT?

    Moving right along, as a director of CLICO with an extensive background in banking to be hoodwinked by Mr Parris would suggest that either Mr Parris was very clever or….! Now an overseas posting means that a local property will be available for lease at a very hefty sum. Should this person be recalled from Canada in order to give evidence in a criminal case, a case that has the potential to bring down the government…..would that not be asking the goodly gentleman to put these new sources of revenue under threat?

    And finally, was it not poetic justice to see that VOB and The Nation News were not invited by Mr Parris to a news conference arranged by his legal team, one of whom has offered LEGAL advice to VOB on numerous occasions in the past. The same VOB that has nurtured many a DLP candidate for political office as call-in programme hosts.

  35. Prodigal Son Avatar
    Prodigal Son

    Where has Leroy Parris hidden the other $4 million dollars? First Caribbean made him take way the $8 million he had with them.

    Why would the Financial Services Commission be in court to block the JM’s petition to have the last report unsealed?Something is rotten in Denmark.

    The Financial Services Commission should be up front trying to protect the policyholders from rotten run companies, not trying to help cover up their nasty deeds. Why dont they go to court to get the BRA to audit Leroy Parris in light of all the revelations? This looks like Fumbles, Gollop and Stinkliar’s fingerprints are all over this.

    By the way Artaxerxes, I think it is to the UN that Phony Marshall has been posted. Yvonne Walkes is the one who been appointed HC to Canada, if I remember correctly!

  36. millertheanunnaki Avatar
    millertheanunnaki

    Can anyone say why the Financial Services Commission (FSC) would want to block the unsealing of Judicial Manager’s report which provides for more serious findings from the forensic audit?

    What’s the sense of paying millions of dollars ( much in foreign currency) for a more detailed forensic audit and it is put to NO use? Where is the justice in that?
    Why would FSC not want to know what are facts in order to improve to its regulatory framework and seek to make the wrongdoers compensate their innocent victims?

    Is it because there could be evidence sufficient to implicate not only Mara Thompson but also expose the numerous payments made to bankroll the DLP 2008 political campaign and large payments to individual politicians?

  37. are-we-there-yet Avatar
    are-we-there-yet

    Millertheannunaki re. your 1:56 pm post;

    It seems to me that any thinking person can see that the reason the FSC gave for maintaining the sealing of the report is spurious at best and that the second forensic audit report probably concretized or added to the grievous charges of actionable misconduct that could be placed on DT and perhaps other high fliers.

    Your third paragraph outlines the most logical reason why the FSC would seek to disadvantage the CLICO and ALICO policy holders against their best interests at this time by continuing to hide the contents of that report now that the cat is already out of the bag. Your third paragraph above makes sense and is entirely consistent with explaining the way the present Government has handled the CLICO matter from day one.

    Parris has argued that the JM did an atrocious job of managing the company and he may be right but the JM might be able to show that their hands were tied, vis-a-vis taking the most appropriate actions at various points in time by the very agencies that commissioned the report. Perhaps the sealed report might also contain clues in that regard

    Let’s hope Justice will eventually prevail. The Learned Judge has already scored 1 goal for the justice system in this match so far.

  38. Due Diligence Avatar
    Due Diligence

    We have had lots of comments about Neval Greenidge, who sounds like a credible witness; but nothing about Larry Davis

    Here is a very brief profile of a Larry Davis.

    Mr. Davis has spent over 40 years in the banking industry. Mr. Davis served as Chairman and Chief Executive Officer of the Caribbean Commercial Bank and has provided financial consulting services to a number of International Business Corporations located in Barbados. Mr. Davis currently acts as a Director for City Bank & Trust Co. located in Crete, Nebraska

    Larry Davis is/was a Director of TRIMEL BIOPHARMA HOLDINGS INC, a Barbados IBC.

    Can anyone speak to Davis’ credibility?

  39. millertheanunnaki Avatar
    millertheanunnaki

    @ Prodigal Son February 6, 2015 at 1:49 PM

    Prodigal, did you hear the PM piss parading today at the George Street cesspool of deceivers and liars?
    The man claimed he never promised to maintain free tertiary education and he has no intention of changing his mind regarding UWI students having to pay tuition fees.

    He argues that why should a country that have over 150,000 vehicles on its roads be providing 100 % free tertiary education.

    He has a point but didn’t the damn liar know this when he promised the same students continuing free tertiary education as long as he is PM and the DLP is in power?

    Next he will be telling the poor CLICO policyholders he never promised they will received back at least the principal portion of their investments; and we are not talking about the EFPA holders.

    The man still would not accept that Carrington is a nasty piece of work by trying to rob Mr. Griffiths. Question to you Mr. PM: Why didn’t the Speaker heed your advice to get a lawyer? Even the thief can see you as a damn joker.

  40. Due Diligence Avatar
    Due Diligence

    Miller

    See the video at the link below.

    With the ability to lie like that – Dave Ames could get a spot tan the Cabinet table – if not as a Minister at least as a consultant.

    Wonder how much went into political pockets to get the Merricks approval

  41. Due Diligence Avatar
    Due Diligence

    PS

    Wonder how many purchasers deposits went in Barbados Lawyers “Trust” accounts

  42. David Avatar
    David

    Parris fighting CLICO court action

  43. old onion bags Avatar
    old onion bags

    @ Miller

    millertheanunnaki February 6, 2015 at 5:00 PM #
    @ Prodigal Son February 6, 2015 at 1:49 PM

    Prodigal, did you hear the PM piss parading today at the George Street cesspool of deceivers and liars?
    The man claimed he never promised to maintain free tertiary education and he has no intention of changing his mind regarding UWI students having to pay tuition fees.

    He argues that why should a country that have over 150,000 vehicles on its roads be providing 100 % free tertiary education.

    He has a point but didn’t the damn liar know this when he promised the same students continuing free tertiary education as long as he is PM and the DLP is in power?

    So D back biting sliming crab went back to froon to excuse his lack of back bone….Dem is true to form,….let’s face it they are just a bunch of ladder kickers finding BIG JOBS plus nuff lies Inc…..cannot keep their word…..image this from a once poor boi frum St.philip who manage to come up a ladder to be a teacher.

    From here on only the children of rich boys shall be lawyers and doctors..watch!

    I.e if wanna VOTE fa DEM again!

  44. CHAUCER Avatar
    CHAUCER

    Did the Supervisor of Insurance approved the Executive Plan product

  45. Prodigal Son Avatar
    Prodigal Son

    onions, miller,

    I heard this man this evening on VOB news and could not believe my ears. Had not for free tertiary education, we would not be where we are today because none of them in the House Assembly right now on the DLP side, with maybe the exception of Mara and Sealy would be where they are today to be f…..ing up this country.

    He should thank God that he was born when free tertiary education was made available for the sons and daughters of maids. Every day as I travel this country and see so many young people roaming aimlessly, I wonder what will become of them!

    For Fumble to deny that he never said that UWI would remain free when it was front page news, we now see the man for what he is ………a bold face ugly bugly liar!

  46. Caswell Franklyn Avatar
    Caswell Franklyn

    I happen to know a little about Neval Greenidge’s case against Clico and it might surprise you.

    Greenidge had his services terminated by CLICO in August 1999. He hired Freundel Stuart to represent him in the matter. Stuart filed the case
    CV0148/2000 Neval Greenidge v. Clico International Life Insurance Ltd. My information is that the matter languished for eight years and the first date of hearing was in 2008 after the DLP formed the Government. The case was last set down for mention on October 28, 2014 before Cornelius J. I am told that that adjournment would have been the 13th before that judge.

  47. Norst the Invader Avatar
    Norst the Invader

    David

    It seems that Hon. Richard Sealy (when he was acting PM), approved the Delta State Education Project despite his knowledge that Fruendel Stuart was completely this program. Hon. Richard Sealy was the chairman of Cabinet when it miraculously appeared for approval.

    FRUENDEL STUART HAS NOW TAKEN UNILATERAL ACTION AND TERMINATED THE NIGERIAN EDUCATIONAL PROJECT.

  48. David Avatar
    David

    @Norst

    Tell us more? Blow the whistle!

  49. Norst the Invader Avatar
    Norst the Invader

    My sources tell me that since it was approved by acting PM Sealy and Cabinet, Stuart has been fuming. We need to see whether Sealy will serve again as acting PM since we know that the PM has refused to let Jones act as PM since the Eager 11.

  50. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    This is so much filth but the way this endgame is playing, worse is yet to come.

    One HAS FIRST TO SAY kudos to the Blogmaster at BU whose unswerving commitment to this Rum Shop has been the catalyst and continues to be the fuel of our version of Revolution.

    No other local social commentary corner has had the balls nor the determination to see this through.

    Congrats David[BU]

    This is very much like the Tet Offensive the Vietcong staged against the US forces in 1968.

    The reason that the ole man admires it is twofold (i) there are enough “munitions” in so many areas of our society that will systematically and favourably impact on this inept government to bring it to its knees but more importantly (ii) even when de ole man was younger I cud not run from a bullet out of the mouth of any gun.

    I does even have difficulty running from Sister Headley when she does she 100 meters dash to push she breaseses and frontal parts pun me on a Sunday morning. OOB and BT may like dem sort of tings but if de body parts respond and stick out, if wunna feel dat Mac Fingal getting crucify heah fuh telling dem little rainbow coalition children bout them lack of melanin is something,den wunna ent know de scandal dat Ole Man PUDRYR erection in church, in front de Sunday School Chilrun would cause.

    It is evident that the new strategy is more clearly thought out than walking bout Bulbados in the hot sun unlike Commisingsong and Comrade Bobby, aided and abetted by Comrade Denny.

    The “bullets” are using the most egregious of “their” corruption practices and bring them to both “courts”, court of public opinion, here on BU, and to a lesser degree facebook, and then to the law courts of the land

    It is noted that both sides have bullets though in their arsenal (unfortunately, barring Stinkliar and Donville, none of the rest has the grey matter to fight back)

    So find a stink (some verifiable corruption, act of malfeasance, the bigger the better) and, after getting your soldiers on board, euphemism for BLP judges with balls, or proper pudendas, advance the matter to the courts where EVERYBODY IN BULBADOS, gine hear bout it.

    Barring the obvious flaw of “people in glass houses should not throw stones” on careful examination one sees that the choice of “munitions” being chosen ARE NOT so character specific as to be generally considered “individual character assassinations” but fall into that grey area of “national” concern.

    You must all remember that tangentially what these attacks on CLICO/Leroy Parris (who I do believe gots to be family to Minister of Eddy Kashun Ronald WeJonesing) will do is bring into disrepute, Mara, the Dead King David and all the rests of the DLP carrion.

    It is important for this to be “tangential” because the psychology of (i) offending DLPites and their false remembrances of the DEad King’s non existent legacy (not to be confused with his estate) or (ii) the soft spoken widow Mara (the sleeper wunna ever watch how she does sleep in the HoP?)

    Having said all of this about our version of the Summer of Discontent, I would still hope that when the retorts highlighting similar “indiscretions” of the accusers starts that a few men and women with balls and without their characteristics and lack of integrity, would come out of this soon to be “Massacre at Hue” and take the reigns.

    “CHANGE OR DIE”

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