Will The Barbados Courts Be Predisposed To Favour Mariano Browne?
Today, the Trinidad & Tobago Express is taking a look at the politics and political connections behind the Mariano Browne fraud allegations. Barbados Opposition DLP leader David Thompson is acting as lawyer for one of the interested parties – RBTT/CLICO.
On the other side of the case, the T&T Express newspaper is calling Mariano Browne “a financial supporter and close associate of Barbados Prime Minister Owen Arthur and his Barbados Labour Party (BLP)…”
Hmmmm…. makes us wonder who the “silent beneficiaries” of the whole aborted bank deal were to be if Mariano Browne had been successful in pulling it off without, ahem, “problems”.
Oh well, Browne doesn’t have to to worry – In the long term in any Barbados court action Mariano Browne is sure to have the secret support of an old BLP friend: former Barbados Attorney General and now Chief Justice David Simmons. (photo immediately above)
Here is an excerpt from the Trinidad and Tobago Express article The Mariano Browne Saga…
Insiders say a lot of the personal hostilities between some of the principal players in this continuing corporate feud are not unrelated to political loyalties both here and in Barbados…
On the Barbados end of the business, Leroy Parris, Chairman of CLICO Holdings Barbados and reputedly, a bitter enemy of Browne, is said to be a close friend of Opposition Democratic Labour Party (DLP) leader, David Thompson.
Thompson is listed as one of the attorneys in the joint RBTT/CLICO Barbados lawsuit filed against Browne for alleged financial impropriety and corporate misbehaviour at CCB.
On the flip side, Browne is said to be a financial supporter and close associate of Barbados Prime Minister Owen Arthur and his Barbados Labour Party (BLP). Browne last week insisted that he had only a “professional relationship” with the Barbados leader.
He also maintained much of his earlier claims made in court pleadings in his failed bid to block the 2004 sale of CCB to local banking giant, RBTT-mainly that CCB and CL Financial reneged on an agreement to sell the bank to him.
The Barbados High Court and Court of Appeal found otherwise. The ownership structure of the CLICO-owned bank and the contention that Andre Monteil was not authorised to sell the bank was a substantive issue that figured in the court’s final ruling in favour of Leroy Parris and CCB.
… read the full article at the T&T Express (link here)
BFP: Nov 25, 2007 – Mariano Browne Accused Of Fraud By Caribbean Commercial Bank Ltd. and RBTT Bank