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476 responses to “CLICO Final Forensic Report UNSEALED”


  1. Here is the video to accompany the story of the bride leaving her intended at the altar.

    I hope this aint catching otherwise some people would be in a lot of trouble :-).

    http://www.msn.com/en-ca/news/video/indian-bride-a-no-show-because-groom-lacks-smarts/vi-AA9NLwV


  2. Everyone’s focus is on the CEO but he had a lot of help in achieving his goals, first the politicians whom he had in his back pocket, the Gov’t regulatory body responsible for the administration and good conduct of the Insurance business, the auditors who rubber stamped the annual financial statements, the underlings who never questioned any decision but went along for the ride as long as they were able to get some of the crumbs and finally the gullible public whose trust was bolstered by the actions of all those previously mentioned.


  3. Recall that on April 14, 2011, and pursuant to section 57 of the Insurance Act of Barbados, the Barbados Supreme Court appointed Deloitte Consulting Ltd. as Judicial Manager [JM] of CLICO International Life Insurance Ltd. (CIL). The court also issued a further order setting out the authority of the JM, requiring them to file, within 30 days, an interim report with the court in relative to CIL’s operations.

    The JM’s report of May 27, 2011 indentified a number inter-company balances and made note of experiencing some difficulty in obtaining supporting documentation to substantiate the amounts due from related companies.
    As such, the JM subsequently made an application to the court recommending a forensic audit be conducted, with the primary objective of investigating these amounts in an effort to determine how they were created and what they represented.

    It is important to note that the Supreme Court issued an order setting out the authority of the JM. Hence, the JM is duty bound to operate within the parameters of the order, and would have to seek the court’s permission to undertake any action that goes beyond the scope of the authority as stipulated by the order.

    Therefore, for example, supposed the JM makes an application to the court recommending that further forensic audits be conducted on CLICO’s financial operations and the investigation revealed a number of financial improprieties. The JM could make an application seeking the court’s permission to have the relevant authorities investigate those individuals responsible for committing these acts.

    Also, recall claim form 99/2015 filed in court by CLICO through the JM “alleging that on January 16, 2009, Parris “in breach of fiduciary duty and/or in breach of trust” procured a CLICO cheque, number 92, in the amount of $3.333M to Thompson & Associates, and are seeking that Leroy Parris, Branlee Consulting Services, and the estate of late Prime Minister David Thompson, represented by Mara Thompson, should account for those funds.

    The JM has to provide the Financial Services Commission with a copy of the forensic audit report. The Financial Services Commission Act, specifically Sections 14 to 22 make for some very informative reading.


  4. As it relates to this “new evidence” that some individuals on BU are hoping would compromise or question the validity of the forensic audit reports. They should be made aware that while conducting audits, whether they are financial or forensic, sometimes information can be purposely misplaced in an attempt to “cover-up” an illegal activity.

    The auditors clearly stated, under the heading “Restrictions on Use” in both forensic reports, [page 2 of the December 5, 2011 report and page 1 of the June 21, 2013 report]:

    “This report is based on information in our possession or provided to our firm by CIL, CHBL and their respective subsidiaries as at December 5, 2011. WE RESERVE THE RIGHT, BUT WILL BE UNDER NO OBLIGATION, TO UPDATE OUR FINDINGS FOR ANY NEW INFORMATION THAT BECOMES KNOWN TO US AFTER THE DATE OF THIS REPORT.”

  5. millertheanunnaki Avatar
    millertheanunnaki

    @ Sargeant March 16, 2015 at 7:52 AM
    “Everyone’s focus is on the CEO but he had a lot of help in achieving his goals, first the politicians whom he had in his back pocket, the Gov’t regulatory body responsible for the administration and good conduct of the Insurance business, the auditors who rubber stamped the annual financial statements, the underlings who never questioned any decision but went along for the ride as long as they were able to get some of the crumbs and finally the gullible public whose trust was bolstered by the actions of all those previously mentioned.”

    Sarge, we couldn’t agree with you more. Bushie would recommend you for an instant promotion from a junior NCO to even a major NCO (Sergeant-major) for the above submission. You are beginning to see ‘the forest for the trees’.

    But Sergeant-major, now we know what is what isn’t the same shit different day?
    There are a few trees in the forest that you have not seen in order to get yourself out of the woods.
    What are the branches of the tree representing the law enforcement agencies doing about the information now before them? Are they going to do diddlysquat thereby carrying on where the ‘bought politicians’, “Gov’t regulatory body” and rubberstamping fees grabbing auditors have left off?

    Are the poor CLICO policyholders going to be left with only a moneybag of financial bones when the gang of vultures in the form of lawyers and accountants are finished with the CLICO cadaver?
    Do you mean that not even a cent of moral compensation would the policyholders be getting by seeing the CEO and his accomplices behind bars and deprived of their ill-gotten gains?


  6. I previously mentioned to Bushie, the role of the judicial manager, which included “procuring a more advantageous realization or distribution of the company’s assets amongst its creditors.”

    Note that, in the Interim Report, the JM made mention of having found certain discrepancies is the disclosures relating to the value of CLICO’s assets, specifically the accounts receivable and referred to as “amounts due from related companies”, for which the auditors experienced some difficulty in obtaining any supporting documentation to substantiate the value of the assets.

    As at the time of appointment of the JM [April 14, 2011] the interim report noted that CLICO’s assets totaled $802M, of which $446M was supported by the relevant documentation.

    The report also made reference specifically to $370.1M in amounts receivable by CIL from related companies, “of which $319M was noted as receivable from CHBL and its subsidiaries.” The report also noted “that documents to support the majority of these inter-company receivables, including the amounts receivable from CHBL and its subsidiaries, could not be located at that time.”

    As a result, it was upon this basis that the JM made an application to the court recommending a forensic audit of CIL be undertaken.

    It is important to note that the JM negotiated a MOU between CIL, CHBL and parent company CLICO Financial Limited. One of the provisions of this MOU, as outlined in Section 10.1 states the following:

    “CHBL shall provide the Judicial Manager and/or such persons authorized by the Judicial Manager access at all reasonable times to all contracts, financial information, records, agreements, deeds and other information related to transactions between CIL and CHBL, CIL and any subsidiary of CHBL”.

    Therefore, CIL, CHBL and CFL were under obligation to provide the JM with all supporting documentation relative to substantiating the company’s financial transactions.


  7. @Sargeant

    Will try to locate the article for you.

    On Monday, 16 March 2015, Barbados Underground wrote:

    >


  8. millertheanunnaki March 16, 2015 at 10:01 AM #

    “Are the poor CLICO policyholders going to be left with only a moneybag of financial bones when the gang of vultures in the form of lawyers and accountants are finished with the CLICO cadaver? Do you mean that not even a cent of moral compensation would the policyholders be getting by seeing the CEO and his accomplices behind bars and deprived of their ill-gotten gains?”

    Miller, along with Pachamama and Sargeant have made representation on behalf of the policy holders and, in doing so, may have made certain unfair statements relative to those persons who are involved in the JM process and the roles they have to undertake.

    Bear in mind, when the JM has appointed, the company’s board of directors becomes functus officio and their functions and authority are transferred to the JM.

    Once again I will refer to the duties of the judicial manager, which included “procuring a more advantageous realization or distribution of the company’s assets amongst its creditors.”

    If you were to read the forensic report of December 5, 2011, page 3:

    “The report of the Judicial Manager dated July 28, 2011 reported on the valuation of CIL‟s assets, including the inter-company balances, applying three different valuation scenarios.”

    “As of May 31, 2011 the total amount due from related companies was $376mm.

    • Under a Forced Liquidation scenario the fair market value of amounts due from related companies was estimated at $171mm

    • Under an Orderly Liquidation scenario it was estimated at $190mm.”

    “A deficit was also shown under a Going Concern valuation.”

    “Accordingly, the report noted that “…THE COMPANY IS CHRONICALLY SHORT OF THE NECESSARY ASSETS REQUIRED TO COVER ITS POLICYHOLDER LIABILITIES and as such the shareholders of the Company have no residual equity interest.” Based on these valuations, it appears unlikely that the inter-company balances will be recovered in full.”


  9. @Artax

    The issue of concern to many are the unattended periods when the Oversight Committee and JMs were not in position.


  10. Thanks David


  11. […] Limited Leroy Parris played in the demise of the company. The revelations to be found in the CLICO Final Forensic Report UNSEALED should make sensible Barbadians feel ashamed. A listen to the contribution of Edmund Hinkson to the […]


  12. @Miller
    Are the poor CLICO policyholders going to be left with only a moneybag of financial bones when the gang of vultures in the form of lawyers and accountants are finished with the CLICO cadaver?
    ++++++++++
    The “poor CLICO policyholders” hereinafter referred to as “the lepers” since no one wants to touch them or advocate on their behalf are up the creek unless the Gov’t steps in to help them. The politically connected and those with family connections have already been taken care of and we have seen that there is no interest in prosecuting any one for this calamity despite all the compromising evidence.

    Barbados seems to exist in a parallel universe, in the real world CEO’s receive bonuses when their companies have performed well and have met certain targeted goals. In Barbados CEOs demand bonuses when their businesses have lost money and are teetering on insolvency. When the CLICO debacle first became public the then PM spoke to Bajans and assured them that all was well and his Gov’t was injecting 10m to help it through its difficulties, in the ensuing period the CEO claimed a 10M bonus was due to him and received 1/3 via the same PM (yuh can’t make this stuff up) and as Wm Layne said if this happened in Canada or the US somebody would be locked up but this is a parallel universe and its business as usual.

    The “lepers” have been sacrificed on the altar of political expediency, they are mostly elderly and don’t really have any political clout or influence and have been left up the proverbial creek.


  13. Did anyone hear the old idiot on Brasstacks today saying that Mara Thompson should be the PM?

    He said no one forced her to run but that the people wanted her, they love her and that she should be given a chance to carry on for her husband. She has done nothing wrong.

    Corey did the right thing……let him talk his nonsense. Who would believe that in 2015 after all the evidence that has been put in the public domain on how wicked and thiefing David Thompson was, we still have old jackasses who believe in them.

    Well, I be damned!


  14. @Prodigal Son March 16, 2015 at 9:43 PM #
    Who would believe that in 2015 after all the evidence that has been put in the public domain on how wicked and thiefing David Thompson was, we still have old jackasses who believe in them.
    ……………………………………………………………………………………………..
    An inherited trait. Did you know that some Bajans who were lucky to have purchased or inherited land, back in the 40’s/50’s /60’s died, and bequeath their lands to plantation owners?


  15. Not surprising that a blunder of this magnitude in respect to signatures by JM in the now touted report would be dismissed by a wave of the hand by the blp misfits. such a blunder under judicial prudence and fairness would bring the report itself into question for impartiality in content and be deemed characteristically tainted and flawed with providing such evedience to deliver a guilty outcome.
    the report now hinges on questions that any fair minded person would asked, firstly it has given wrong information,on one account. which then begs the question how many more errors unknown to the public or answers that might be embellished or put in a context to sway or has been misinterpreted by the JM
    under international law this report would not see the light of day under judicial process as it shows a blatant bias to misinformed or coverup evedience that would be of merit to delivered fair justice,

    ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

    the above comment is worth repeating

    in a article in barbados today lawyers representing lp has made a similar conclusion.

  16. St George's Dragon Avatar
    St George’s Dragon

    The Advocate printed the PR release about the “problems” with the CLICO report yesterday. Correct me if I am wrong but I don’t remember seeing any other coverage of the most recent JM’s report In the Advocate.
    Why would that be?


  17. Because the Advocate like the CBC is a PR organ of the government.

    On Thursday, 19 March 2015, Barbados Underground wrote:

    >

  18. are-we-there-yet Avatar
    are-we-there-yet

    David; St GeorgesDragon said above:-

    “The Advocate printed the PR release about the “problems” with the CLICO report yesterday”

    Could you find a link to post here on the article in the Advocate? I suspect I am not the only one who does not read the advocate and so missed the PR statement.


  19. AWTY
    Neither do I read the Advocate and so I second the motion.


  20.  

    Report on CLICO being challenged

    3/18/2015

    Some of the conclusions which have been made in the recently unsealed Deloitte Forensic Audit of CLICO International Life Insurance Limited (Under Judicial Management) have been challenged by the Counsel for Leroy Parris and Branlee Consulting Services Inc.

    In a press statement which was obtained by The Barbados Advocate, the point was made that the forensic audit did not include any interviews with former Chief Executive Officer of CLICO Holdings Barbados Ltd, Leroy Parris, nor does it provide what is deemed as hard evidence.

    “Hence it makes no findings; the reading public is left to speculate on a high level of implications and innuendo. The report provides no statement of accounts. This is indeed amazing in view of the fact that the financial collapse of CLICO International Life Insurance Ltd. was what gave rise to the implementation of judicial management. The report has not set out what was the financial state of the company at the implementation of judicial management and what it now is about four years after the implementation,” the statement added.

    Issue was made of what was termed as the lack of information regarding professional fees which have been paid to the judicial manager and other hired consultants.

    A problem was also highlighted with respect to a particular page of the report.

    “At page 10 of the report while commenting in a very confused manner about a ‘Unanimous Resolution in Writing of the Board of Directors of CLICO Holdings (Barbados) Limited’, the report states that ‘the quality of the document provided is poor and to date we have been unable to confirm when the document was signed’. We have made several copies of the said document and are still able, without any difficulty, to read on the face of the document: Dated the 15th day of May 2005. In addition the report states that the document was signed by board members, Mr. Woodbine Davis, Mr. Anthony Ellis, Mr. Leslie Haynes and Mr. Vishnu Ranlogan…but not Mr. Thornhill. That statement is just not true; Mr. Thornhill’s signature is clearly affixed as the fourth signature on the document.”

    “At pp 13-14 the report seeks to provide proof that a certain number of related parties and other parties of interest ‘did not appear to pay full market value for their units when the prices paid by third parties for comparable units were taken into account, based on Barbados land registration documents we obtained.It must be stated that all conveyances for the sale of land must be certified by the Registrar of Titles that the price paid in the conveyance represents the fair market value thereof. As such, no land could have been sold and registered by the company below the fair market value”.

    The point was made that counsel for the two defendants “will fairly and fearlessly guard their clients’ right to justice and will spare no effort in so doing”.

    http://www.barbadosadvocate.com/newsitem.asp?more=business&NewsID=42334


  21. “The point was made that counsel for the two defendants “will fairly and fearlessly guard their clients’ right to justice and will spare no effort in so doing”.

    That is what they are paid megabucks to do. Defend your client regardless of what he has been accused of.


  22. If Leroy de leper had gone to the late Bree St John and brought a bag of solid gold bullion,Bree would tell ‘get to hell out of my office,yuh teef and yuh stinking dem’


  23. Mr Gollop suggested to other Caricom Governments not to join the CCJ.He did so in the presence of Mr Smith,both of whom were shedding crocodile tears over a dismissal of a petition.
    That excursion on CBC TVseem to be having the opposite effect.Dominica is now safely on board and St Kitts is indicating its time they got on board too.If I were in Gollop’s shoes I would take a step back and assess my public pronouncements as well as the instructions I am receiving from some of my clientele.Something is rotten in Denmark.


  24. @ Gabriel
    If Gollop was smart enough to recognize the inverse impact of his public pronouncements then he would not find himself making such idiotic statements in the first place.
    Lets face it. For people like Froon and himself, the very best bet is to keep quiet and accept the criticism for poor communications.

    At least that way, many people may still assume that a minimum level of intelligence resides under their grey hair.

    Shiite man! even AC is now coming to accept that these jokers are really quite dense….


  25. […] release of the CLICO FINAL FORENSIC REPORT raises several questions about the integrity and honesty of the late David Thompson.  So far it […]


  26. Maybe the criticism of the CCJ is an attempt to force feed a Barbadian DLP appointed Judge onto the court so that when “you know who” makes his final appeal to the court there will still be someone in high places to look out for the interest of the remaining political class. Just saying’.


  27. Answer this Advocate: Is not the money Parris is fighting for not the investors?
    Therefore they would be entitled to it first, and any residue could then be claimed by Parris, and others just like in bankruptcy. Afterall this is supposedly commissions, and not salary. If Parris needs living expenses, let him claim unemployment.


  28. Who was in Government

    5.18 The actual construction process was plagued with problems which resulted in major delays in the completion of the Police Station at Crab Hill, St Lucy, leading to considerable increase in its costs. The contract for the project was originally $1.4 million but the final cost was $4 million. The problems with the project included:
    1. Incorrect setting out of the building and faulty construction work, with the resulting need for remedial work;
    2. Poorly constructed foundation covering 30% of the floor space;


  29. Approval was granted for BWA personnel to participate in a Utilities Best Practice United Kingdom Study Tour from July 10 – 17, 2010. A company was paid a total of $31,500 for coordinating and facilitating the Tour. Tickets valued at $10,708.03 were also purchased from a travel agency. At the time of the review there was no evidence provided to show that the tour took place or that these funds were ever recovered.


  30. Goods ordered from a firm totalling Bds. $462,786.26 were paid for but not delivered. No due diligence was conducted on this firm which is based in the USA.
    Authority’s Response: Suppliers that are engaged by the BWA through the tender process are required to submit a certificate of incorporation and a list of directors. All other suppliers will receive a document detailing BWA’s requirements


  31. On quotation 1027916 dated June 11, 2010 the amount quoted for the supply of goods was BDS$61,200. However, the payment was made for US$61,200.
    Authority’s Response: The BWA has written and emailed the supplier requesting a refund of the overpayment. Secondly, the BWA is pursuing legal action against the supplier on this matter and others.


  32. Mia, Owen, Chris, Fruendel, Duprey and Parris are all persons of honor. Thus the saying their is much honor among equals who rob the poor.


  33. FearPlay March 23, 2015 at 11:24 AM #

    Maybe the criticism of the CCJ is an attempt to force feed a Barbadian DLP appointed Judge onto the court so that when “you know who” makes his final appeal to the court there will still be someone in high places to look out for the interest of the remaining political class. Just saying’.
    …………………………………………………………………………………
    Not to worry,as soon as we go Republic, we will have our own Final Appeal Court, and headed by the likes of Gollop.


  34. @rachrse “If Parris needs living expenses, let him claim unemployment.”

    I think that perhaps Leroy is too old to claim unemployment benefits, but he can certainly claim his old age contributory pension (once he has been making his National Insurance payments) but since the maximum contributory pension is only $506.13 that may not be enough for a member of the political class. And Leroy, the Prime Minister’s friend is certainly a member of the political class.


  35. @ Colonel buggy
    Not to worry,as soon as we go Republic, we will have our own Final Appeal Court, and headed by the likes of Gollop
    +++++++++++++++++++++++++++
    LOL
    so that may be the reason he has been appointed chair of the ERT, the final appeals court for victimized workers…..


  36. BIPA PRESS RELEASE ON NEWS OF CLICO SOLUTION IN TRINIDAD

    27th March 2015

    WHY IS BARBADOS FAILIING CLICO POLICYHOLDERS WHERE TRINIDAD HAS SUCEEDED?

    BIPA is delighted to hear of the satisfactory conclusion to the CLICO debacle in Trinidad. The Trinidadian Central Bank Governor Jwala Rambarran has announced today the repayment of $7 billion to government by CLICO, in addition to the pay-out of $950 million to CLICO policy holders.

    BIPA is particularly struck by the Central Bank of Trinidad Governor’s closing statements at today’s press conference.

    "Today is an important day, a turning point in the story that was the CLICO crisis…Looking ahead Central Bank’s CLICO Resolution Plan has now given it an end, (and) we would like to assure the country, this plan will be executed in the manner outlined and this gruelling six year journey will come to an end."

    "As I indicated before the most important guiding principle of our CLICO Resolution Plan was to take action for the benefit of CLICO policyholders and creditors and we wholeheartedly believe this will be accomplished."

    "I want to repeat Central Bank’s CLICO Resolution Plan will bring closure to this deep financial wound inflicted on thousands of CLICO policyholders and Central Bank is doing all in its power and more to ensure such a financial trauma will never again be inflicted on you."

    BIPA President June Fowler felt it was ironic that this statement should come out of Trinidad exactly a year to the day after the Barbados Cabinet gave approval to the CLICO Restructuring Plan for Barbadian policyholders, co-created by the Ministry of Finance and the Judicial Manager which would, by the end of last year, have seen the first phase of the plan already underway towards a solution which would have satisfied most, if not all policyholders.

    On hearing the news, Fowler said, "It speaks volumes that Barbados had its own potential solution that would have enabled our Government to make a similar announcement to that made in Trinidad today of a satisfactory resolution for policyholders."

    "Instead of that," continues Fowler, "a week ago, our Prime Minister sought to ridicule, belittle and insult EFPA policyholders from the floor of Parliament, as opposed to communicating empathy for their plight and confirming that the restructuring plan approved by his Cabinet was progressing well."

    Fowler warns that, due to the procrastination and inertia of Government, in contrast to announcing that a solution is imminent, it is quite possible that news will shortly be coming advising policyholders of the liquidation of the company and the consequent loss of their savings and investments and the devastation that will bring.


  37. The Trinidadian Central Bank Governor Jwala Rambarran said “As I indicated before the most important guiding principle of our CLICO Resolution Plan was to take action for the benefit of CLICO policyholders and creditors and we wholeheartedly believe this will be accomplished.”

    I guess locking up Duprey was not his focus.

    Good luck to the BIPA members and the Bajan policy holders.

  38. millertheanunnaki Avatar
    millertheanunnaki

    @ Hants March 28, 2015 at 8:41 PM

    Now where would this money come from to save the poor CLICO life insurance and pensioners?
    Let us forget about the greedy EFPA gamblers. For if you smoke a spliff with the devil you are bound to get burn instead of high returns.

    Instead of your twat of a P M asking about lists he should be creatively imaginative enough (as a leader with vision ought to be) to propose the launching of a 10 year bond guaranteed by the Government of Barbados with sufficient face value to meet the costs of compulsorily acquiring all the lands and buildings and other tangible assets currently owned by CLICO which would be invested in a company primarily owned by the same aggrieved policyholders.


  39. @ Hants
    I guess locking up Duprey was not his focus
    ++++++++++++++++++++++++++++++++++++
    This is Trinidad you are talking about Hants…
    Shiite man, if they were to lock up all the big crooks they would have to put the couple honest people in jail ….and lock the multitudes of crooks outside…..


  40. millertheanunnaki March 28, 2015 at 9:01 PM #
    ……………………………………………………………………………
    For a start, we have $5 million of the tieffing CLICO money in our Central Bank.


  41. @ millertheanunnaki wrote “Instead of your twat of a P M ”

    He is your PM not mine. I am a Canadian citizen. lol

    If he was my PM he would “take action for the benefit of CLICO policyholders and creditors”

    Now I have very important matters to attend to. Cricket starting in 1 hour and 10 minutes and F1 starting at 3am.


  42. The lack of payments to Clico policy holders is all related to our inadequate monetary policy. If people are paid, they will spend the money and a great percentage of the money spent will go towards buying things that are imported. Imagine how much FX would decline if the Government made good on looking after the Clico mess. Until we have positive FX inflows nothing will happen.


  43. ””GET WHAT YOU can now, as there may be nothing left if this situation drags on.

    That essentially, is the advice to policyholders of CLICO International Life Insurance Limited (CIL) from two financial experts.
    Asked which was the better option – liquidation as recommended by the judicial manager (JM) Deloitte Consulting Limited acting through Patrick Toppin, or creation of a new company to take over CIL’s assets – both professionals concluded liquidation was the way to go.
    Chartered accountant and driving force behind the Barbados Association of Corporate Shareholders, Douglas Skeete, said the public would have little confidence in the new company as “Barbadians would say no to anything with a whiff of CLICO.
    The alternative then would be liquidation because you cannot continue to run the company.” (SP)
    Please read the full story in today’s Sunday Sun, or in the eNATION edition”’.
    – See more at: http://www.nationnews.com/nationnews/news/65464/closing-clico-option#sthash.BNAbdSzb.dpuf

    When we gave this advice more than 2 years ago some were ‘hesitant’ to say the least.

    That is the thing with people who cannot see the future, as God, but yet pretend to be smart.

    Now that it is settled knowledge great losses are to be counted.


  44. This now three months I am without a pension and those crooks are living sweet and we the pensioners are suffering. God please help us. Why the people in Trinidad receive their money and we cannot?


  45. @Petra March 29, 2015 at 11:12 PM “Why the people in Trinidad receive their money and we cannot?”

    Because Trinidad has oil money and we don’t.
    Because the Prime Minister’s friend Leroy Parris done lick up you money.

  46. John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES, Avatar
    John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES,

    Man, how the news kill the CLICO PONZI already, Like it never happened with the PM and his PLOY to distract the people with getting rid of the Queen , This is a real POLY to change the focus of the topic of the people ,
    Is it that simple to play and get away with doing wrong ?

    Stay On it BU , Clico clioc CLICO more fraud to come , stay on Parris , Mr Leroy he is the way in , just keep checking his land deals and see the laundering at the land tax office , Wayne Forde also need to be looked at,


  47. why oh why are the business people in Barbados and the Caribbean so petty-minded, trifling and small in the way they perceive competition.

    Competition is a good thing, it creates jobs and better service for everyone….of course LIAT and those who run that company into the ground would never get that concept, it just don’t compute. steupss

    Stupid, backward and ignorant does not even begin to describe these bunch of idiots whose only claim to fame and ambition are tied to useless titles.

    http://www.nationnews.com/nationnews/news/65550/airline-rival-liat-proposed


  48. Being greedy, trifling and small-minded creates Clicos and CGI’s and all the other dishonest business people who now have the island under siege using lawyers and doctors…they create victims of taxpayers, but the politicians allow these travesties to continue because they themselves are also greedy, trifling and small-minded.

  49. Tell me something I don't know Avatar
    Tell me something I don’t know

    I hope all BU family is listening to BrassTacks. A certain QC is on the airwaves presenting Leroy Parris’s case which is a constitutional motion against Government.

    This is a curious case since as this QC has pointed out his client is really suing the Barbados Government. Here is my concern:

    Will this matter now be heard by the CJ and if so is it reasonable that he recuse himself having been appointed by the Government who jumped through hoops to appoint him? If they rule in favour of LP, will he then be given damages – to wit – will the CJ and the Court award Mr. LP money from the taxpayers of Barbados because it has taken the courts a couple months to hear his matter.

    Will they then also “unfreeze” the man’s assets so they can fly?

    What is the importance of the timing of this matter? Does he “NEED” to have his assets unfrozen before the court examines the final report of the Judicial Manager sometime in the middle of the month? Put another way is this a well-cooked and concocted scheme to have these assets unfrozen so Mr. LP can send these stolen assets to Cayman or some other jurisdiction beyond the reach of the Barbados Court system.

    this is a very serious set of tactics because we now have a situation where LP gets to sue a friendly Government by way of a constitutional motion. Cabinet/his friend the PM or his other friend AR the AG (related to AC) can choose not to contest this lawsuit or enter a wishy-washy defence – thus giving more dollars to LP from the Treasury.

    We need to be vigelent and to make our voices heard. A thief should not be allowed to band together with other thieves to t’ief mo’ money from taxpayers!

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