On the 22 June 2020 the Nation newspaper published a story with the headline $35m ICBL deal in works. #donvilleinniss On the 24 June the media reported that former Chairman of CLICO Holdings was being questioned by police. He has since been charged with fraud and released on bail. #corruption While some people love to do crossword puzzles, the BU
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Discussion on the blog Donville Inniss Case Points to Endemic Corruption in Barbados after reviewing the 2018 financials of BF&M – parent company of ICBL – revealed there is a company called Insurance Corporation of Barbados Limited Limited/National Insurance Board Joint Venture (“ICBLJV”). Barbadians have been concerned in recent years the ease with which politicians commit NIS resources to questionable projects.
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Millar told the court that in August 2015, she attended a meeting with former chief executive officer (CEO) of ICBL Ingrid Innes and former senior vice-president with responsibility for business development and marketing Alex Tasker. Following that meeting, she said Innes instructed her to make “an urgent payment” of a referral bonus to Inniss. She said she was uncomfortable with
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Two of the most newsworthy and jaw dropping events to have rocked the local political scene in the last 18 months were – the decimation of the Democratic Labour Party (DLP) in the last general election, AND, the arrest of former DLP minister Donville Inniss in the United States. BU pages must record Donville Inniss entered a plea of NOT
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The following was posted as a comment to BU blog – The Jeff Cumberbatch Column – On the Prevention of Corruption by Peter Lawrence Thompson – David, blogmater From the INNISS indictment:- 3. Barbados Company Executive 1, an individual whose identity is known to the Grand Jury, was a citizen of Canada and a resident of Barbados. Barbados Company Executive 1 was
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Credit to The FCPA Blog Barbados insurance company receives declination with disgorgement By Harry Cassin | Monday, August 27, 2018 at 7:08AM The Insurance Corporation of Barbados Limited (ICBL) received a declination with disgorgement from the DOJ Thursday for FCPA offenses related to bribing a Barbadian official. Under the terms of the declination pursuant to the DOJ’s Corporate Enforcement Policy, ICBL
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