The Organisation of Eastern Caribbean States (OECS) will continue holding talks with the Trinidad and Tobago government over the establishment of a special fund to assist policyholders affected by the collapse of insurance giant Colonial Life Insurance Company (CLICO), Dominica Prime Minister Roosevelt Skerrit said yesterday.
Skerrit said that the issue had been discussed between OECS leaders and Prime Minister Kamla Persad-Bissessar during the just-concluded 23rd Inter-sessional meeting of Caricom leaders in Suriname.
just talk talk and no action,they need to take the head of this company to court and start paying policy holder their hard earn money.
You know, I really don’t know why governments should be scrambling to find any solutiuon for people who invested money with CLICO and British American.
Many of them were warned, but they took their money from the safety of banks, even took loans and went ahead anyway. GREED!
Investments are a risk. They took it, and so they must face the consequences.
If anything, the top guys involved in causing the disaster should face jail time, like Stanford is about to.
Government should not be in the business of trying to recover money lost from people’s private investment.
Imagine that even Social Security took OUR money and went ahead and invested. Maybe that’s one reason why government is scrambling to alleviate the situation.
And as if it is not a PUBLIC institution answerable to the people of Dominica, they have refused to tell us how much of our money they spent and lost.
Boy, I tell you, only in Dominica.
What about CLICO boss from Barbados who has been criminally charged?
What about the finance for the DLP’s election campaign from that same CLICO’s boss? Has the allegation been refuted at all? Isn’t that true Dominicans?
What did he get in return?
Isn’t that CLICO boss Dominica’s Ambassador-At-large with our diplomatic Passport?
Where is that CLICO boss now?
Wasn’t it people’s money invested in CLICO, hoping to get back their dividends from their money put into CLICO, that was squandered?
CLICO collapse then PM? You didn’t see it coming?
No moral authority to even mention CLICO and money to policy holders and institutions. Millions of dollars lost. Ex, Ex, Expensive Rental Private jet. Big boys enjoyed rides on.people’s money. They didn’t feel for any one at the time.
Coming now with, is me that helping to solve problem, getting cash for policy holders. Baloney!!!!! The same old narcissist behaviour. The question is how and for what real reason did that CLICO boss become close friends to authorities?
Where is the 75m coming from? Is it Trinidadian tax payers?
Trinidadians should not allow that to happen. Those who confiscated the money should pay it back or face the jails like Allen Standford. People like Leroy Paris and company. They should not be allowed to go free.