How much did CLICO donate to the DLP and/or the BLP campaign?
When Mr. Rawdon Adams delivered the 5th Annual Tom Adams Memorial Lecture in March 2010, he spoke a bit on the state of CLICO and the devastating effects on policy holders and Barbados.
Mr. Adams’ 5 minute talk on CLICO is worth listening to a couple of times – especially if you believe as we do that no one will ever be held accountable for any wrongdoing. 76.8 BILLION dollars in CL Financial assets just disappeared and no one, not even PricewaterhouseCoopers auditors, will be blamed.
Just shut-up, lie back and close your eyes indeed. This is going to hurt…
Some excerpts from Rawdon Adams 5 minute talk on CLICO. Click here to see Rawdon’s Clico talk at YouTube…
“The CLICO horse has well and truly bolted…
And all the while there have been arguments emanating from some quarters that there really isn’t much to worry about… the Government has issued the guarantee.
… I don’t doubt that those assurances were well intentioned, if spectacularly ill-conceived…
… If a 200 million dollar problem with the wide-ranging implications that this one has, is not grave enough to put before Parliament in all the gory details, there is something going terribly wrong. And it shouldn’t shock anybody if the seventy-thousand-odd people who voted the government or the sixty-one thousand people who voted for the BLP start to think they’re being asked to shut up, lie back, close their eyes and think only of the national interest…”
Barbados Free Press 
*Why are we hearing nothing from government these days on the status of clico.
*The oversight committee’s term of office has ended and we have heard nothing.
*Policyholders are fearful of speaking out on the matter.
*We have not seen anything of the revised financial statements of clico life Barbados for 2008.
*We have not seen accounts for British American for 2008 and 2009
*We have not seen accounts for clico life Barbados for 2008 and 2009, for clico mortgage for 2009, for clico general for 2009, for clico funds for 2009.
*We have not heard if leroy parris has ridden off into the sunset for his retirement.
Are we ever going to get answers from this government?????
I will probably get flak for this as being insensitive, but I think everyone is keeping quiet on this (Clico)(through the same aforementioned sensitivity) because they don’t want to stir up the hornets nest any more because of the PM’s health issue.
I don’t think it takes a rocket-scientist to realise there is a link here and even the opposition is being ‘sensitive’ to the issue(s) – good taste and all that.
Mind you, not that I think we should all sit by and do nothing until …
I’m just making a statement.
interesting article in the international news today in Japan
http://www.japantoday.com/category/crime/view/police-to-question-incubator-banks-ex-chairman-kimura
Ex Bank Chairman and 4 others arrested for obstructing an audit and for putting profits above normal business prudence ( ie recklessness )
Who will arrest the Trinidad AG, the auditors and the Chairman of Clico and its Directors?
“Voters told to shut-up, lie back, close their eyes and think of Barbados” Isn’t that the official DLP line for any question anybody puts to them??
Why should you be only thinking about the Trinidad AG here, some of Barbados’ Gov’t. top dogs are in this too, or at least on this side of the flying fish divide.
CLICO was always an accident waiting to happen.
It bought into Barbados in a major way …. Plantations, Cotton Factory …… at the time of Trade Confirmers and in circumstances where any sane person would have questioned the financial controls the laws of Barbados put on management and exactly what the role of the auditor in a company was.
What starts bad can only end bad.
BTW, this is the original John on my old Plantations, Cotton Factory, Trade Confirmers beef!!
This is my first comment in July I believe.
You can learn alot by watching so I thought I would do just that for a while.
John
July 1, 2010 at 1:18 pm
Water outages hit St Residents in some St Thomas communities are up to their necks in water problems.
++++++++++++++++++++++++++
Beg pardon, this was my last comment … in July!!
BFP … couple of my comments still awaiting moderation since yesterday.
oh, sorry, they look like the accidental duplicate post
We fixed it David .
left the first one up.
Thanks for letting us know because sometiems it drop to the bottom.
george
We the people have the power to inact change.
Keep your money and invest it yourselves. Don’t expect Clico to work on your behalf just because you handed them your money. They are in business to enrich and elevate themselves with your money.
See a solution there yet?