The blogmaster understands the matter Everton Cumberbatch versus Larry Tatem, Leroy Parris and Johnny Cheltenham is finally set down to be heard on January 26-27, 2022 in the Barbados Courts. For those who have not read the previous blogs – see links below – this matter was filed in May 2008. Let that sink in! Although former President of the
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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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The embedded letter dated 30 January 2019 was sent to the Registrar of the Supreme Court in the matter of Civil Case 99 of 2016 – Clico International Insurance Company (under judicial management) Claimant vs. Leroy Parris First Defendant, Branlee Consulting Services Inc Second Defendant and Estate of David Thompson (acting through duly appointed Personal Representative Marie Josephine Mara
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The Deloitte CLICO Forensic Report exposed to the world that a cheque for 3.333 million dollars was paid to Thompson & Associates by CLICO for legal services rendered. The invoice to support the payment was found to be a ‘false invoice’. Maurice King (lawyer) is listed on the fake invoice as providing a watching brief in matters related to Abarco
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Since his assets were frozen by the court, the former CLICO boss has lamented that he had been experiencing hardship – Leroy Parris (BT) The mouth of Mr. Hal Gollop, lead lawyer for Leroy Parris, has been running like a sick nigga botsy of late. His protestations about client Leroy Parris are easily accessed on a weekly basis in the
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Originally posted on Barbados Underground:
The CLICO Mess has brought into focus a bigger issue, the lack of a reliable governance framework. BU maintains we have witnessed a catastrophic regulatory failure which continues to challenge all jurisdictions CLICO operated. This view is contrary to William Layne’s who continues to dumb down the role of the regulator. The CLICO Mess has…
BU seeks clarification, in the public’s interest, on a 5 millions dollar deposit listed on an asset disclosure to the Barbados Court in an Affidavit filed by LEROY PARRIS to overturn an order freezing his assets and those of Branlee Consulting Services Inc. BU is unaware the Central Bank of Barbados is authorized to accept deposits from individuals. Last week
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In May 2012 BU posted on the matter Everton Cumberbatch Versus Leroy Parris, Larry Tatem and Breakers Investment Inc Case number”2008/770. Arising from the law suit one gleans that Leroy Parris has access to monies which he is the beneficial owner lodged in offshore accounts totalling in the million of dollars. In todays Sunday Sun we learned of a case
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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.
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The news that the Deloitte Judicial Manager has taken action to recover $3.3. million dollars paid to Leroy Parris via Thompson & Associates has flushed out Laroy Parris and his credentialed lawyers Hal Gollop QC and Vernon Smith QC. BU will not be side-tracked by the theatre that will be orchestrated around this matter about how $3.3 millions dollars found its way into the deep pocket of former Executive Chairman of CLICO Leroy Parris. What some of us want to know is if there is consensus the invoice generated to support the $3.3. million payment is legitimate and whether taxes and relevant laws have been honoured. Does Parris and his lawyers dispute the findings of Deloitte Judicial Forensic Report on the matter?
To pursue a clinical approach to discovering truth and justice in the matter of CLICO and the $3.3. million dollar payment we highlight Walter Blackman’s intervention posted on another blog Speaker Michael Carrington and Deputy Speaker Mara Thompson Drag the Highest Court in the Land Into the Gutter.
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A story that is a blight on the landscape of Barbados and will never grows old – Blogmaster Dear Mr. Leacock, I am a citizen and taxpayer of Barbados. I am also a pension actuary. My fundamental responsibility, as an actuary, is to provide services skilfully and competently, to operate with integrity, and to uphold and protect the public trust.
Read moreIn the business section of BBC of 19 June 2013 there was a headline Deloitte gets one-year New York ban. In the world of global finance it represented a routine report given the vagaries of how business is done today. Then it dawned on the author to question – why is it regulators in Barbados are never driven to censor
Read moreIn the interest of sharing all information received about any matters which BU has reported on, we have been advised and updated on the issue of the Parris v BLP and Nation and Barbados Advocate as follows: Mr Hal Gollop QC filed an action for defamation against the Nation which pre-dates the Parris action. The law firm of Carrington and
Read moreBarbadians were treated recently to the news that the enigmatic Chairman of CLICO Holdings Barbados Leroy Parris who was deposed when the bottom fell out of the CLICO parent company in Trinidad has filed a legal action against the Nation, Barbados Advocate and Barbados Labour Party (BLP). Parris would not have made the top 200,000th popular person list in Barbados
Read moreOn 27 April 2013 Barbados Underground (BU) posted the blog Who Are the Local Partners in Cost-U-Less?. Although the Prime Minister of Dominica Roosevelt Skerrit has denied the word making the rounds that he is a local shareholder, BU defends our right to ask questions of Skerrit or anyone in the interest of providing clarification. In the interest of providing
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We do not charge membership fees and believe we can offer low prices to Barbados shoppers, just as we have in our most recent store opening in the Cayman Islands, which was also a partnership with local business people NorthWest Company trading as Cost-U-Less July 2008 It has been almost five years from the time of the announcement Cost U
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