Senator Peter Gilkes (l) with the late Prime Minister David Thompson
BU received the following communication where the author seeks to warn about the CLICO chess matched being played in the game which BU has labelled The CLICO Mess. We take this opportunity to advise BU will continue to guard the identity of our many sources.
Barbadians need to look at substance over form: Is Mr Toppin not of adequate skill and competence to perform in the role of Judicial Manager? Kindly note that it was Deloitte Consulting that was appointed as Judicial Manager with Oliver Jordan and Patrick Toppin as representatives. Ironically, of the two representatives it is Mr Jordan who has been the person leading these efforts thus far.
The Court approved of Deloitte Consulting as Judicial Managers in Barbados, The courts in the majority of the OECS territories were CLICO International Life operated appointed Deloitte Consulting as well. Does this tell you that the courts in all these territories were also deficient/negligent in their duties in appointing Deloitte Consulting as Judicial Manager??? I do not believe this to be the case.
However please note that it is reported in today’s Weekend Nation newspaper that the person who raised the conflict of interest issue with Mr Patrick Toppin being Judicial Manager is none other than Senator Peter Gilkes who was appointed to the Senate by the late Prime Minister David Thompson. Coincidentally, it is the Thompson & Associates law firm of the same late PM David Thompson that has been revealed by the forensic audit conducted by Deloitte out of Canada (not Deloitte Barbados) to have engaged in money laundering of funds from CLICO International Life to Mr Leroy Parris.
o it appears that Senator Gilkes is just trying to create a distraction from the underlying and bigger issue – money laundering (which has been confirmed by CLICO executives which Deloitte out of Canada interviewed) to Leroy Parris of CLICO Life policyholders funds through Thompson & Associates as well as the large payments to Thompson & Associates and the late PM David Thompson himself from CLICO International Life
Its no wonder that these cheques were not held up high and shown on the big screen at that famous DLP Haggatt Hall meeting in the 2008 general election campaign…and only the $75,000.00 one to Mr Arthur. What is the true cost of the use of the CLICO corporate jet that the late Prime Minister David Thompson incurred and who bore these costs. His first trip outside Barbados when appointed as Prime Minister was to Trinidad – on CLICO’s corporate jet (he could have flown on LIAT in which the government and people of Barbados is a major shareholder so we as Barbadians could see some benefit for our investment in that airline)
Its a case of the pot calling the kettle black….Shame on Senator Gilkes
random thoughts ac could do likewise.
Well truth be told DT was still very much a part of Thompson and Associates after he became PM. Signing cheques and controlling the disbursement of funds, one ugly mess this is. I am in a quandry as to what I should do, I have endowment plans with CLICO and BAICOL, trying my utmost not to end up in Black Rock.
I heard that clown Clyde Mascott on brass tacks today and in the paper blabbering about the statutory Fund was not really that important – Talk about diversionary tactics- Mascoll want to take that aspect of the debate off the thable because he Mascoll loitered in the Ministry Of Finance for two years drawing a fat salary under false pretences.
While the CLICO statutory Fund was in deficit that clown was putting taxpayers money in a Hardwood Hole- money that we taxpayers can never get back.
Put all aspects of CLICO on the table Mascott and stop tring to insult intelligent people -Mascoll will never learn !
Many of the people in the BLP now saying – Why the hell Arthur bring he bout de place fuh!Nuisance!
The statutory deficit is important because it should have alerted the authorities (SOI) that there was a problem.
Mascoll’s point therefore that the size of the deficit was not big enough to cover the shortfall as far as asset realization is rubbish.
Here is his article:
http://www.nationnews.com/articles/view/what-matters-most-failures-of-clico