New Barbados Senator Is Proof Of Ongoing CLICO DLP Incest

Swearing in Ceremony - Senator Jepter Ince promises to protect Clico's interests, come what may!

Swearing in Ceremony - Senator Jepter Ince promises to protect Clico's interests, come what may!

Does CLICO still own the David Thompson government?

One thing you have to admire about Prime Minister David Thompson – he never forgets his friends. Thompson has not forgotten all those long years when CLICO and CEO Leroy Parris supported the losing DLP Democratic Labour Party with campaign donations and supported David Thompson personality by handing CLICO’s legal work to Thompson’s law firm.

Yes sir – you can admire loyalty to friends.

CLICO Barbados ThompsonThe problem starts when the friends are now the Barbados government that dispenses your tax dollars to CLICO without transparency or rules about conflicts of interest. Then the friends arrange to place CLICO alumni in strategic positions throughout the government to assist the interests of this “band of brothers”.

Yup, there is far more to Friday’s appointment of CLICOite Jepter Ince as a new Barbados senator than simply tossing out a perk to an old friend. For Leroy Parris, David Thompson and the CLICO band of brothers, it is about the continued implementation of the strategy to protect their past business dealings from real scrutiny by the public and burned shareholders.

Senator Ince’s Qualifications?

Qualifications? Hell – he should be under investigation for the CLICO Fund debacle!

For a start, when Jepter Ince was working for CLICO and advising Barbadians to borrow from Clico Mortgage & Finance Corporation to invest in the Clico Balanced Fund, he and CLICO failed to tell folks that some of the so-called “investments” were into the less than solid “investments” of other CL Financial Group companies. “Investments” like way over-priced Florida swamp land real estate where it is now alleged that senior CL Financial people took millions in kickbacks while Mr. Ince’s clients got screwed.

See BFP’s articles…

EXCLUSIVE REPORT BY BARBADOS FREE PRESS: CL Financial Group Collapse – Insiders Took Bribes To Have Company Purchase Land For More Than Market Value!

CL Financial, CLICO Fraud Report: Dummy Company, Phantom “Consultancy” Payments, Vanishing Money Transfers From Company To Company

See Keltruth’s articles about the oh-so-close relationship between Clico and Prime Minister David Thompson…

Payback!

Lack of Transparency – Private Citizens Losing Money

What is the Nature of the Relationship between Leroy Parris of CLICO and Barbados Prime Minister David Thompson?

We should be having a public inquiry where Mr. Ince would have to answer questions about his actions, the actions of the companies he worked for and the actions of the other senior CLICO allumni who worked with him.

But that isn’t going to happen, friends.

The fix is in.

Say hello to your new Barbados Senator Jepter Ince…

Ince is new Senator

8/1/2009 – Barbados Advocate

BARBADOS has a new Senator. He is financial consultant, Jepter Ince, who was sworn in yesterday in a brief ceremony at Government House.

Speaking with the Barbados Advocate just after the occasion, the new Democratic Labour Party Senator said that his appointment came about after he was recommended by the Prime Minister, David Thompson and his appointment was approved by Cabinet. He replaces former Senator Derek Alleyne, who is the new Director at the Urban Development Commission.
Senator Ince said that he was looking forward to engaging in debates in the Senate and making a positive contribution to the social and economical landscape of the island.

He is also looking forward to strengthening those institutions, which have been the benchmark of the moral fabric that has enabled Barbados to maintain its political stability from independence to the present day.

The Senator stated that he will not be concentrating on any specific area, rather he will support whatever Government was working on and do whatever he can to bring these plans to fruition. He expressed his gratitude at being appointed senator and vowed to do his best to support the Government and people of Barbados.

Clerk of Parliament, Pedro Eastmond, said that Ince would most likely officially start his duties in the senate on August 12th.

… from the Barbados Advocate article: Ince is new Senator

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25 Comments

Filed under Barbados, Corruption, Freedom Of Information, Offshore Investments, Political Corruption, Politics, Politics & Corruption

25 responses to “New Barbados Senator Is Proof Of Ongoing CLICO DLP Incest

  1. West Side Davie

    You are very naughty this afternoon BFP! How dare you say what everyone is thinking!

  2. Facts

    BFP,

    I thnk you are wrong in your attack on Mr. Ince’s qualifications.

    If you are referring to his academic CV, I think you are very off-target.

  3. BFP

    It is not about his CV. It is about his track record and the conflict of interest and political strategy of placing another CLICO alumni in a position of power. It is about corruption of the Senate with someone whose past involvement with the CLICO debacle has not been vetted.

    It is also about his failure to either recognize or speak out about wrong-doing by his company and other personnel.

    He deserves a public enquiry, not a job requiring the trust of the public.

  4. missing home

    Thank you BFP for asking the questions that the Barbados papers won’t. How much more of this clico nonsense can we expect from our dear leader Thompson?

  5. You are way off mark here! Jepter is eminently qualified in the fields of insurance and finance from a prestiguous NY college. He has been active in the DLP since the mid-eighties, working hard along with Donville Inniss in the St. Philip campaigns. He has a great track record in his choosen fields both in the USA and Barbados. He parted company with Clico a long time ago, and certainly was not and cannot be considered a freind of Leroy Parris. Unlike many of his peers, Jepter has opted to lend his voice to public debate and uplifting Barbados. As a young black Bajan, I am very proud of him and know that Thompson and DLP made an excellent choice.

  6. Facts

    BFP,
    Frankly, leaving policitcs at the door, I can’t see how you can criticise the man for advising people to invest/borrow from Clico Mortgage and Finance.

    CMF is a fiancially strong company.
    You are mixing up CMF with Clico life insurance. CLI is the company that was recently in financial straits

    If Ince was in anyway connected with CMF, he is eminently qualified to be a national adviser on economic matters.

    Those who are lining up for an opportunity to buy CMF, obviously don’t share your views on the liquidity and strength of the company.

  7. Chicago

    CLICO CLICO CLICO!

    Its almost like Clico and the DLP are one. Why did the Prime Minister appoint a group of his special people to oversee Clico Life instead of letting the courts decide as is normally done?

    I’ll answer that question: Thompson wanted to protect his Clico friends from public examination. That’s why he appointed the committee.

  8. RRRicky

    Facts, Jepter advised people to BORROW from Clico Mortgage to INVEST in other Clico companies and funds like the failed Clico fund that made dollars into pocket change.

    YOU (Facts) are doing the mixing up to confuse people, but the people who borrowed money from Clico to “invest” in failed Clico companies on the advice of Mr. Ince are not confused.

  9. Eagle Eye

    Thompy’s problem is that as a friend of Leroy Parris and Clico’s lawyer for many, many years he seems unable to separate his previous position from his present one.

    This is precisely why he should have chosen the judicial management option that Mia Mottley urged him to take. No matter what decision he makes now, good, bad or indifferent there will always be suspicion that he is either trying to help his old friend or protect his own interests.

    It is a demonstration of extremely poor judgement for a leader and will lead to questions of his leadership ability in other areas, not the least of which is the economy.

  10. "*Adviser to the President*"

    …….And Bajans will do nothing about it
    ……. Can you blame them ?

  11. Facts

    RRRRicky,
    Please name the “failed Clico companies” in which people were advised to invest.

    Please refer to our Barbados business environment.

  12. passin thru

    I agree with you 100% Eagle Eye. Poor judgment on Thompson’s part but he is a good politician and he made that decision anyway. To me that says that something is wrong and he needed to protect clico more than he needed to appear unbiased.

  13. Donald Duck, Esq

    has anyone heard about what has happened to british american insurance in bermuda this week?

  14. 2009

    BFP,

    I must admit………. that you are again wrong on this score.

    Mr. Ince is eminently qualified for the post of Senator.

    His Most Royal Highness PM David Thompson is more than eminently qualified to appoint Mr. Ince to his new position.

    Bravo…..to good GOVERNANCE !

  15. bajanbat

    http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?articleId=7d981d230030003&sectionId=60
    have a look at this website for the Royal Gazette in Bermuda. It seems that only in Barbados has CLICO not suffered any losses. I guess they do not have friends in those territories as beholden to them as it appears in Bds.
    No one will be prosecuted or even investigated here, the DLP will ensure protection for the stalwarts.

  16. bajanbat

    We can’t name the “failed Clico companies” because the DLP is protecting them at the expense of the taxpayers with no transparency. What a sham. This Govt has failed in just about everything they said they would do – except free bus fares, let us not forget that big one!

  17. bajanbat

    they are lining up because they see the chance to get some assets CHEAP! Not because of the STRENGTH of that company – wake up. Whatever qualifications Mr Ince may have it is just unbelievable except in Barbados that the PM would nominate him to the Senate. With his position at CL behind him he cannot be seen to be impartial. It is too obvious that his appointment is just another layer of protection for the DLP and a little reward for a good friend.

  18. bajanbat

    see my recent post with a link to the website

  19. I believe that Jepter Ince has not worked for or with CMFC (a subsidiary of CLICO) for over 3 years. He worked there under the BLP regime and he was certainly not a favourite of Leroy Parris. They just could not get along. To suggest that his appointment to the Senate had anything to do with CLICO is stretching the truth to the max! Have you ever thought that the PM needed a firebrand Senator who is well versed on global financial and economic matters? We do we persist in casting negative aspersions on every successful young black man in this island. BFP, you are sickening on this one. Find other ways to attack CLICO. btw …. tell us about the 4 former BLP Cabinet Ministers that all had 6 – 7 figure investments in the same CLICO.

  20. BFP

    You seem to know quite a lot about Clico. Please tell us how much in “political donations” that Leroy Parris, CL Financial, Clico and all other associated companies provided to which political parties over the last five years.

    Please tell us why the Prime Minister took the highly unusual (and possibly illegal) step of appointing a group of hand-picked people to take over Clico rather than having the courts do so as per law.

    Leroy Parris appointed over the CBC to control the media and Ince appointed to the Senate.

    To those of us who struggle every day to make up for our Clico losses, those appointments stink. They are a constant reminder that this is not an accountable government in a functioning democracy.

    Transparency? Accountability?

    Thompson just does what he likes and to hell with integrity legislation, freedom of information laws or conflicts of interest rules.

  21. Hants

    BFP wrote “Please tell us why the Prime Minister took the highly unusual (and possibly illegal) step of appointing a group of hand-picked people to take over Clico rather than having the courts do so as per law.”

    That is an untruth you wrote BFP.

    It may be a lot of things but it is NOT illegal.

    Let the mount gay wear off and tek a sea bath to clear yuh head.

  22. Chicago

    Hants makes a point, but he should make it clear. Hants, what law makes it legal for the Prime Minister to appoint the board of a public insurance company that has or is about to fail?

    What law provides the PM with that authority? In law?

  23. Donald Duck, Esq

    chicago

    I take it that you are referring to the oversight committee. Could someone let me know who is on this oversight committee?

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