CLICO (Barbados) in Bid to Stop Prosecutions

| November 1, 2011

(Barbados Nation) Lawyers for CLICO Holdings (Barbados) Limited are making a last-ditch effort to ensure that company executives are not hauled before the court.

They rushed to the High Court yesterday in a bid to halt any possible criminal proceedings against directors of CLICO International Life (CIL), a subsidiary of CLICO Holdings.

The move came less than 24 hours after Commissioner of Police Darwin Dottin revealed in a SUNDAY SUN interview that the police probe into the alleged contravention of an order by the Supervisor of Insurance in August 2009 prohibiting CIL from selling new business was at an “advanced” stage and a decision would be made shortly as to whether criminal charges would actually be laid.

Dottin said the matter had already been brought to the attention of the Director of Public Prosecutions.

(Source http://www.stabroeknews.com/2011/news/breaking-news/11/01/clico-barbados-in-bid-to-stop-prosecutions/)

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Category: Barbados News

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