UPDATED: February 23, 2012
It gets worse, much worse. Former PM David Thompson was in the the thick of it in August 2007, prior to being elected. Thompson’s law firm took 4% of the purchase of CLICO’s new business jet for ‘legal fees’. We told you so, folks. We told you.
Stabreoek News: Stunning revelations in Barbados CLICO probe
BFP’s original story published February 22, 2012…
Deloitte Auditors list shocking revelations
We all knew the relationship between Parris, Thompson and the DLP was dirty. Now, as they say, you can take it to the bank… except the bank is empty.
I still don’t believe we’re really going to get to the whole truth, but for now this is the news…
Legal Fees for Parris
Late Prime Minister David Thompson’s law firm received a whopping $3.3 million in legal and retainer fees from CLICO International Life Insurance Limited (CIL), but the fees were actually destined for former CLICO executive chairman Leroy Parris.
This was among the explosive revelations of the Deloitte Canada-led forensic audit into the operations of the insurance company and its financial relationship to the parent company – CLICO Holdings Barbados Limited (CHBL) – and other members of the local CLICO empire.
“On January 16, 2009, a payment for $3.333 [million] was made to the law firm Thompson & Associates by CIL…
The Nation: Full story: Legal fees for Parris
Criminal charges have been filed in the magistrates’ court against former executive chairman of CLICO Holdings (Barbados) Limited, Leroy Parris, and current president Terrence Thornhill.
Official police sources have told the MIDWEEK NATION that the two executives are to be served with summonses to appear in court.
They are accused of contravening an order by the Supervisor of Insurance in August 2009, which prohibited the company’s subsidiary CLICO International Life Insurance (CIL) from selling new business.
Read the full story: CLICO Action