Daily Archives: March 7, 2009

Barbados Government Bailed Out CLICO Even Though Company Failed To File Financial Statements

PM Thompson Says His Conflicts Of Interest Are None Of Your Business

PM Thompson Says His Conflicts Of Interest Are None Of Your Business... but CLICO is getting an excellent return on loaning their corporate jet to David Thompson!

Barbados Prime Minister Thompson Was Lawyer For CLICO When They Failed To File Financials For 13 Years!

David Thompson and CLICO CEO Leroy Parris have had quite the cozy relationship and it just keeps getting better. Well, better for them anyway. Whether the relationship is healthy for the taxpayers of Barbados, that is another question. Especially after they read the new article by Keltruth that shines some light on a few areas the two gentlemen would probably rather not have mentioned.

Thompson was the lawyer for CLICO in 2004 when that company hadn’t filed financial statements for over a decade. CLICO Holdings (Barbados) Ltd. 1993 financial statements were filed in 2006!!!

Some of the CLICO sub-companies haven’t filed financial statements in years and years and some have NEVER FILED financial statements!

But Prime Minister David Thompson and his government are bailing them out anyway.

And it is the same with his rich horse-owner friends at the Barbados Turf Club where Thompy’s government bailed them out to the tune of $19 million dollars or so even though the latest financial statements on file are for the year 2004!

Keltruth Blog did proper searches at the government office and has copies of the corporate records to back up everything they have printed in their latest story.

Oversight? Rule of law? Accountability?

Cha! The DLP is handing out millions and millions of your tax dollars to bail out companies that don’t even keep or file their financial statements according to law.

Another disgusting illustration that electing the Thompson DLP government changed nothing except to provide a new bunch of piggies with their time at the public trough.

Keltruth Blog: Did Thompson’s DLP Have Audited Financials for the Companies that they Bailed Out?

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Filed under Barbados, Barbados Government, Business, Consumer Issues, Corruption, Crime & Law, Ethics, Freedom Of Information, Offshore Investments, Political Corruption, Politics, Politics & Corruption