Sir Hilary Beckles should dump the ‘Sir’ in protest of the CLICO scandal.

Clico Parris Theft

($3,333,000 cheque money laundered by Prime Minister David Thompson for CLICO’s Leroy Parris. Where is Sir Hilary Beckles’ outrage?)

Sir Hilary Beckles Barbados

“It’s not easy for the titled elites to act on principles that conflict with their vanity”

by Just another Destroyed Policyholder

Some 23 years ago, Sir Hilary Beckles was more than vexed at the Barbados Mutual insurance company – rightly accusing the elites of the day of raping policyholders’ funds and using them for their own schemes and personal wealth-building.

Beckles recently recalled the time and said “It had exploited them. It took their money, it took their investments and they were used as a pool of resources to assist the elites of this country,”

And how is that so different from what we saw with the CLICO and CL Financial collapse? The now dead Prime Minister David Thompson and his DLP were thick as thieves with Leroy Parris and sucked the CLICO well dry so there was nothing left for little policy holders. Don’t forget, former PM David Thompson was Clico’s lawyer, and he signed a secret contract and kept it secret from the Oversight Committee he later appointed as Prime Minister! (See BFP’s Leroy Parris has no shame)

David Thompson money-laundered 3.3 million dollars from CLICO International Life Insurance Limited, but the money was actually destined for former CLICO executive chairman Leroy Parris. Oh… by the way – Parris is godfather to Thompson’s child and turn about too! (see BFP’s Former PM David Thompson law firm money-laundered millions from CLICO to Parris: How much came back to Thompson & DLP?)

People go to jail for less in other countries.

But this is Barbados. David Thompson, the same lawyer who helped set up the CLICO employment contract in 2005, received secret “campaign donations” from CLICO and Parris. After Thompson was elected Prime Minister, CLICO got land use approvals and Thompson had the use of the Clico executive jet.

Then when the CLICO – CL Financial house of cards came tumbling down, Thompson fought off judicial management of the company, appointed some toothless “Oversight Committee” without real authority or power to do anything, and gave Parris a nice job in charge of the Caribbean Broadcasting Company – managing what news the public heard about the CLICO debacle.

Prime Minister David Thompson knew about the secret agreement because he witnessed and signed it. He probably set it up as Leroy’s lawyer. Then years later when the “Oversight Committee” that Thompson appointed couldn’t find any contracts with Parris, Thompson stayed silent to protect his friend and himself.

Where does Beckles stand on that rape by the elites of Barbados? We don’t know because SIR Hilary is one of the elites now and, as he says, he’s adopted a more moderate tone. Heh heh… 

He is now 58 and the fiery rhetoric has given way to a more moderate tone, though he made it clear: “Your strategy changes, your methodology, but not your intentions.”

But he also pointed out: “The work that I do now carries a greater sense of political and diplomatic responsibility.”

… from Stabroeknews.com

It took a few years, but firebrand Beckles changed. His rage at injustice mellowed as his circumstances improved. Positions on the boards of Cable & Wireless, Clico and Sagicor worked wonders, as did huge investments in his precious Cave Hill. When Sagicor wanted to demutualize, lessening the value to the policyholders and transferring control and benefits to the elites, Beckles sided with the elites because he was now one of them.

And now with his empire building at the University of the West Indies, handsome salary and position as a titled elite, Sir Hillary had and has nothing to say on the rape that is CLICO.

No, it’s not easy for the titled elites to act on principles that conflict with their vanity.

13 Comments

Filed under Barbados, Consumer Issues, Ethics, Offshore Investments, Political Corruption

13 responses to “Sir Hilary Beckles should dump the ‘Sir’ in protest of the CLICO scandal.

  1. Nair, a Bajan disbeliever and CYNIC

    Typical for Barbados. If Barbados is the least corrupt of these islands may God help the others as those past and present are sure helping themselves,

  2. Konkieman

    Asking Hilary to comment on this is a waste of time as he lacks the integrity. His “Sir” ness has been bought and sold.

  3. D Oracle.

    Beckles went from Angry BECKLMAN to Bought Negro.

  4. Party Aminal

    3.33 looks like one third, who got the other two thirds ????
    Lawyers should never be made Politicians, they are all bloody crooks !!

  5. PLANTATION DEEDS FROM 1926 TO 2013 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    hahhahahaha , oh hahahahaha you all getting the picture , and more to come ,,, take it lite ,,,,,wait till you all see the land deals and how more VAT is to come to feed the PONZI fraud , I think Sir means Jackass in another country ?

  6. Anonymous

    Secular Humanism puts the lie to all the above twaddle….

  7. Rastaman

    @party aminal.: You know you raise a good point there .Could be $10million.

  8. PLANTATION DEEDS FROM 1926 TO 2013 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    Look for the first 100 checks,
    00001 to 00092 to 00100 more payments were made.also 00200, That was not the last check. Other crooks were paid ,

    What can they do with so much money and help no one but self, This is alone is a crime.Take , taken taking all the dam time and never giving nor sharing with those who need , What a mental less brains.

  9. Coco

    The rape of Clico continues. Parris, Thompson, DLP and now the Judicial Managers. The only people sucking salt are the policyholders.

  10. Green Monkey

    Not directly related to the topic of this thread, but thought BFP readers would want to take note.
    A recent video from Real News Network:
    Barbados Faces Debt Crisis as an Offshore Tax Haven

  11. PLANTATION DEEDS FROM 1926 TO 2013 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    Green Money @ great post , It goes with what we have been saying and knowing , Some one telling the NEWS, now they getting stuck with there bad ways, All soon come to an end .Out side people must tell what going on , On the inside , But it will be told .
    Brace for impact .

  12. Due Diligence

    Green Monkey

    Thanks for posting that Real News Network video.

    When that gets around that will be Real Bad for the Offshore industry; and any other potential “Investment”

  13. DEFRAUDED BY CLICO AN THERE DIRECTORS

    SIR HILARY BECKLES is on the board of SAGICOR??
    AND BECKLES WAS ON THE BOARD OF CLICO AS WELL?
    BECKLES DOUBLED THE SIZE OF CAVE HILL CAMPUS…….BUT WITH NO FINANCIAL PLAN FOR SUSTAINING HIS EMPIRE ?

    DOES THIS GIVE YOU CONFIDENCE IN SAGICOR?