Tag Archives: Conflicts of Interest

Tsunami of Swiss, European visitors to our Leroy Parris – CLICO articles

UBS Swiss BankHundreds of Swiss and other continental visitors are arriving at Barbados Free Press to read our articles dealing with CLICO and Leroy Parris.

The trend started early last night and started to taper off about 11am Bridgetown, which is 5pm in Zurich, Switzerland where many (but not all) of the visitors originate. While most arrive through various Swiss and European telecom companies, a sizable number indicate the in-house networks of “UBS AG” and “Credit Suisse”.

Barbados Free Press has no idea why these visits are happening, but it seems obvious that the story links are being sent around via email because they are NOT originating from a single referrer as happens when another blog or website puts up a link to one of our stories.

The first-time visitors are arriving primarily at four stories and then spend an average of just under 9 minutes cruising around other Barbados Free Press CLICO/Parris articles. This loiter time, according to our own Cliverton, is really something.

The four articles receiving the most initial attention from the visitors are…

September 24, 2009: Report: Leroy Parris ‘may retire’ from CLICO. Question: Would they dare fire him?

September 22, 2009: Conflicts of Interest and Sinister Secrecy Continue in CLICO Scandal

June 3, 2009: CL Financial, CLICO Fraud Report: Dummy Company, Phantom “Consultancy” Payments, Vanishing Money Transfers From Company To Company

June 2, 2009: EXCLUSIVE REPORT BY BARBADOS FREE PRESS: CL Financial Group Collapse – Insiders Took Bribes To Have Company Purchase Land For More Than Market Value!

If you are a visitor from a Swiss financial institution, please tell us what is happening. Thanks!

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Filed under Barbados, Corruption, Crime & Law

Conflicts of Interest and Sinister Secrecy Continue in CLICO Scandal

Update: March 2, 2010

This article was originally published by us on September 22, 2009. In light of Afra Raymond’s excellent article published by BFP on March 1, 2010 CL Financial & CLICO Bailout – The Mystery of the Missing Billions we thought our readers might want to give further consideration to the conflicts of interest by Barbados Prime Minister Thompson in relation to the CLICO scandal and bailout. We’ll repost this article at the top of the blog for a day or two.

Here is our original Sept. 22, 2009 article…

Barbados Insurance Industry executives finally sound public alarm about Prime Minister Thompson’s friendship with Leroy Parris

As CLICO's lawyer, PM Thompson helped to build the house of cards

As CLICO's lawyer, PM Thompson helped Leroy Parris build the house of cards

The Prime Minister of Barbados has a long-standing conflict of interest between his duty to the public and his close friendship with CLICO Barbados executive Leroy Parris. Mr. Thompson has addressed the conflict essentially by saying that Parris is his longtime friend and anyone who has a problem with that can pound salt. In other words, the public can “piss off”.

Sorry about the language friends, but I wanted you to be clear on the Prime Minister’s simple message when the fancy words are stripped away. Make no mistake, Barbados citizens have been told to “piss off” when it comes to mentioning David Thompson’s conflict of interest.

Now some insurance industry executives are finally speaking out. (source article at end of page)

Thompson’s Conflict of Interest with CLICO goes far deeper than his friendship with Leroy Parris

If the conflict was only friendship, it would be bad enough – but it is much worse than that…

Consider this about Prime Minister Thompson’s conflict of interest over CLICO…

Thompson used to be CLICO’s lawyer – at a time when the company illegally failed to file financial statements!

Continue reading

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Filed under Barbados, Business, Corruption, Offshore Investments

President & Mrs. Obama Release Income Tax Returns – Will Barbados Politicians Do The Same?

UPDATED: April 17, 2010

ONE YEAR SINCE we published this article about President Obama and his lovely wife releasing their tax returns for public scrutiny. That’s another year passed without the integrity, transparency and accountability laws that David Thompson and his DLP promised to implement “immediately upon taking office” in January of 2008.

Transparency? More like “cover up” especially regarding the CLICO scandal and the Prime Minister’s continuing protection of his old friend Leroy Parris. Some things never change ’bout hey. Now the problem becomes “Who do we vote for in the next election?” because – really – there is only one political party in Barbados.

So how about it Prime Minister Thompson… can we see your income tax filings too?

Here’s our original story published in April of 2009…

obama-tax-returns

Bajans Got Fooled Again When They Believed David Thompson And The DLP

Barbadians were told that the David Thompson government would be “The most transparent, most accountable government Barbados has ever seen…”

Well, we all know what became of that, don’t we? We were promised integrity legislation, freedom of information, and a Ministerial code with conflict of interest rules. Instead, we are still a country without standards of conduct for elected and appointed government officials. It is still legal in Barbados for government officials to award government contracts to companies owned by themselves or their immediate family members.

David Thompson and the DLP government lied to us during their 2007 campaign. Their supporters, who so heavily criticized former Prime Minister Owen Arthur and his government for failing to introduce integrity legislation and conflicts of interest standards, remain silent one year two years and 100 days after David Thompson became Prime Minister of our country.

In the United States though, President Barack Obama and his wife Michelle have released six years of income tax returns.

It’s called Transparency, Accountability and Integrity.

Further Reading

TaxProf Blog: Obama Releases 2000-2006 Tax Returns

Reuters: Obama tax return reveals memoirs made millions

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Filed under Barbados, Barbados Government, Corruption, Ethics, Freedom Of Information, Political Corruption, Politics, Politics & Corruption

Consultant Hired To Take Barbados Stock Exchange International – But If The Chief Justice & Others Don’t Have To Obey Our Financial Laws, What Message Does That Send To The World?

Barbados has hired a Canadian company to transform the Barbados Stock Exchange into an international exchange. This might be possible because, unlike so many small islands, Barbados has so far escaped some of the huge public scandals that call attention to the lack of standards and contempt for the rule of law that is endemic in offshore financial centers.

Escaped so far, anyway.

david-thompson-piggy-smlOne has to wonder though, if Barbados international reputation is more a result of luck, hype and spin than a reflection of reality. Successive Barbados governments, including the current DLP Thompson government, have refused to pass any laws relating to integrity, conflicts of interest, accountability and freedom of information.

Laws regarding records keeping by businesses — even public companies — are all but ignored on this island. Even the Chief Justice, Sir David Simmons, has been caught out in a corporate scandal where business records disappeared or never existed.

Prime Minister David Thompson is likewise caught up in a scandal over the lack of financial records and failure to file records by CLICO when he acted as their lawyer for years. Oh, and coincidentally, Prime Minister Thompson just gave CLICO 10s of millions of dollars in guarantees, concessions and cold hard cash. Oh, did we also mention that Prime Minister Thompson and CLICO CEO Leroy Parris are godfathers to each other’s children?

Same old, same old ’bout hey!

Some day all these chickens gots to come home to roost, and when it happens Prime Minister Thompson and Chief Justice Simmons will say, “Barbados is acting to put in place additional oversight in our financial and corporate sectors. The government will soon introduce integrity legislation…”

Same old, same old ’bout hey!

Thompson’s plan for his friends: Privatize Profits, Socialize Losses

A great article at Keltruth: $10M for Clico Fund – Privatize Profits, Socialize Losses

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Barbados Chief Justice Involved In Corporate Law Breaking – Documents Online!

“We were unable to find any financial statements for any of the Chief Justice’s companies. In particular, CGI Consumers’ Guarantee Insurance Company Limited may be required by law to file audited financial statements. I would have thought that since CGI was an insurance company, it would go to great lengths to comply with the law. I believe the public is due an explanation…”

… Keltruth Blog digs into the murky corporate records of Barbados Chief Justice Sir David Simmons

Sir David’s Corporate Records Not A Pretty Sight

The folks over at Keltruth blog have been at it again — rummaging through the property and corporate records that are available to them in Barbados. They don’t always find all of the records, and we have a feeling that some records disappear at exactly the time they walk in the door, and then magically reappear when they leave the government office.

But they always seem to find enough records to piece together the most curious of stories every few weeks, and this week is no exception.

Chief Justice Simmons - Career Politician Is No Independent Judge!

Chief Justice Simmons - Career Politician Is No Independent Judge!

As a lifelong professional politician, Sir David Simmons at times served as Deputy Prime Minister of Barbados, Attorney General and Cabinet Minister in the Owen Arthur government. In private law practice Sir David represented many clients in large land deals and was himself involved in land speculation and business deals through various companies in which he had a stake.

After making his fortune and mastering the Art of the deal, Sir David decided to leave the rough-and-tumble of politics for the stately dignity of the post of Chief Justice of Barbados.

As Barbados Free Press extensively covered in the past, David Simmons had to reinvent himself [at least publicly] before taking the position of Chief Justice. Much like a girl whom too many men know too well, Sir David had to be reborn as a new virgin in search of a husband — or in this case, a respectable job.

He attempted to do this by resigning from politics and the government for a few months before then Prime Minister Owen Arthur [his good friend and drinking buddy] anointed him as one of the most powerful men in Barbados. Once freed from the backroom deals of politics, Sir David’s dignified place in Barbados history was assured…  Or so it seemed…

The only fly in the ointment are all those legal documents floating around Barbados that Sir David signed before he became Sir David!

Well, Keltruth Blog has rounded up some of those documents and it’s not a pretty sight. Apparently the Chief Justice recently testified that he resigned from one of his corporations in 1994. The only trouble is that no record of his resignation appears until 2007 when he was about to be exposed. And then there are other of Mr. Simmons’ corporations where no financial statements were filed for years — contrary to the law.

Barbados deserved a Chief Justice who could be seen to be independent of politics and political favoritism, but the good of the country came second to raw ambition and the consolidation of power.

It was unethical for Prime Minister Owen Arthur to appoint his Attorney General as our Chief Justice. It was unethical for David Simmons to accept the office of Chief Justice, but he wanted it so badly for himself that he was willing to undermine the independence of our judicial system and our courts.

Sir David Simmons wanted to appear as Chief Justice like a Virgin bride on her wedding day, but the corporate documents found at Keltruth are like an old boyfriend at the back of the church yelling, “Hey Hot Stuff, remember that night when?”

Keltruth Blog Digs Into David Simmons’ Corporate Past

Chief Justice David Simmons and the insurance company

Was David Simmons’ resignation from GEM Travel in order?

Chief Justice Sir David Simmons on Ethics

David Simmons resignation from SBG dated 1994 — filed in 2007!

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Filed under Barbados, Corruption, Crime & Law, Ethics, Offshore Investments, Political Corruption, Politics, Politics & Corruption

When Police Become Thugs: Bahamas Night Raid Terrorizes Mother and Child – Memories Of Barbados Police Ronja Juman Abuses

You are the mother of a seven year old child and you are both at home sleeping and at 4:30 am you are awakened by loud banging on your front door with someone shouting “open the door or we will break it down”. You start to frantically search for your keys and at the same time you hear a banging on the back door. By the time you get the door open both you and your child are terrified. Seven immigration officers rudely enter your home and start to terrorize you and your child. You offer to show them your Bahamian passport and you are rudely brushed aside. Not one of them states the purpose of their intrusion and they leave as abruptly as they entered.

I saw the fear in this young woman’s eyes. I saw a picture of the mallet that was used to break her gate. I could feel her anger because her home was invaded and she does not know why, nor has anyone apologized, nor has the Minister met with her as promised, nor has she been able to contact him or anyone else at the Immigration department.

… from Weblog Bahamas article Is the Bahamas becoming a frightened society?

Unholy Alliance: Sergeant Paul Vaughan (left) & Charles Leacock - Barbados Director Of Public Prosecutions

Unholy Alliance: Sergeant Paul Vaughan (left) & Charles Leacock - Barbados Director Of Public Prosecutions

News Media Continues Cover-Up Of Corrupt Activities By Barbados Director Of Public Prosecutions

A story of abuse by Bahamian Immigration authorities reminds us that it is time to once again mention an unresolved story of corruption and abuse by the Barbados Director of Public Prosecutions, Charles Leacock. Unlike the lapdog Barbados news media, we at Barbados Free Press don’t let a story fade from the public memory just because it is convenient for the elites – who are so powerful that they don’t bother to answer corruption allegations even when the incriminating documents are posted online for all to see.

The Corrupt Relationship Between A Dirty Cop And Our Director Of Public Prosecutions

Just before Christmas, 2006, Barbados Director of Public Prosecutions Charles Leacock told his police friend, Sergeant Paul Vaughan, to collect some back rent owed to him by a former tenant named Ronja Juman.

Sergeant Vaughan used an illegal, blank, pre-signed search warrant to raid Ronja Juman’s home in the middle of the night with some of his fellow thugs. Juman was dragged off to the police station where she was strip-searched and humiliated by a VAGINAL SEARCH!

Over back-rent. And no… the Barbados police didn’t find any back-rent money in Juman’s vagina.

For Sergeant Paul Vaughan of the Royal Barbados Police Force, the middle-of-the-night raid was all about terrorising the woman and her child to get back rent for his friend DPP Charles Leacock. There is far more to the story and none of it is good. (The links are at the end of this article.)

So when we read the story on Weblog Bahamas about a middle of the night Gestapo-like “visit” by authorities there we decided it is high time again to remind the Bajan public that just because the cowardly “professional” news media won’t cover a story, it doesn’t mean that the incident isn’t newsworthy.

In fact, the refusal of the Barbados news media to cover a story is often proof that a cover-up is in progress.

Read the stories, view copies of the original documents online and make up your own mind about corruption by the DPP, the police, the courts, the government and the news media…

Barbados Free Press Articles

September 18, 2008: Corrupt Director Of Public Prosecutions Must Now Prosecute His Corrupt Police Friend For Accepting Bribes!!!

January 30, 2008: The Strange Disappearing Court Cases Of Barbados – And How The News Media Keeps Silent

November 5, 2007: We Publish All The Documents: Barbados Director Of Public Prosecutions, Police Sgt Paul Vaughan And The Blank Search Warrant Scandal

October 12, 2007: Barbados Police Given Blank, Pre-Signed Search Warrants By Corrupt, Lazy Judiciary

September 24, 2007: Barbados Director Of Public Prosecutions Charles Leacock – Ordered Police Thuggery Over His Tenant’s Unpaid Rent – Night Raid, Woman Strip Searched Over Unpaid Rent!

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Filed under Barbados, Corruption, Crime & Law, Human Rights, Police, Political Corruption, Politics & Corruption

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