News

Dissatisfied With Approach

The state of Trinidad and Tobago was given the green light to appoint liquidators to preserve the assets of CL Financial (CLF) as it seeks to recover a multi-billion-dollar debt following its bailout of the conglomerate in 2009. This comes after the court of appeal on Monday overturned a ruling handed down by high court judge Kevin Ramcharan last Wednesday in which the judge dismissed the application on the ground that it was made prematurely. Here in Grenada the BAICO and CLICO policyholders group (BACOL) is in the process of gathering evidence of financial transactions that took place with both BAICO and CLICO in order to build a strong case for compensation. President of BACOL Dr. Patrick Antione speaking as a private citizen had expressed his disapproval of the way the matter is being dealt with by the Trinidad government. Dr. Antione said this approach by the Trinidadian government will not be in the best interest of the Caribbean Community.
0 comments

                    

The state of Trinidad and Tobago was given the green light to appoint liquidators to preserve the assets of CL Financial (CLF) as it seeks to recover a multi-billion-dollar debt following its bailout of the conglomerate in 2009.

This comes after the court of appeal on Monday overturned a ruling handed down by high court judge Kevin Ramcharan last Wednesday in which the judge dismissed the application on the ground that it was made prematurely.

Here in Grenada the BAICO and CLICO policyholders group (BACOL) is in the process of gathering evidence of financial transactions that took place with both BAICO and CLICO in order to build a strong case for compensation.

President of BACOL Dr. Patrick Antione speaking as a private citizen had expressed his disapproval of the way the matter is being dealt with by the Trinidad government.

Dr. Antione said this approach by the Trinidadian government will not be in the best interest of the Caribbean Community.

Article Rating

Vote Data