Tag Archive for 'Clico'

Sir Anthony knocks DPP

By Andre Bagoo
December 06, 2012 – newsday.co.tt

Director of Public Prosecutions Roger GaspardSIR ANTHONY Colman, chairman of the Commission of Inquiry into the collapse of Clico has described Director of Public Prosecutions (DPP) Roger Gaspard’s application to halt the inquiry or make it private as being “misconceived”, but said it is ultimately up to the Government to decide whether the inquiry should continue in light of a purported start of a police probe.
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Duprey says he’s flat broke

By Shaliza Hassanali
November 11, 2012 – guardian.co.tt

Lawrence DupreyAfter building a billion-dollar insurance empire with tentacles throughout the region, former CL Financial chairman Lawrence Duprey claims he is now flat broke. “I am no billionaire. That is a lie. I don’t have a damn cent,” said Duprey during a telephone interview on Wednesday at his Florida, USA, home.
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Let the tax debate begin

By Raffique Shah
January 29, 2012

Raffique ShahPRESIDENT Barack Obama’s bold move to seek to apply a tax rate of 30 per cent to America’s super-rich should serve as a catalyst of sorts for Finance Minister Winston Dookeran. Dookeran said recently that his ministry would soon review the income tax regime in Trinidad and Tobago. Changes to this country’s income and corporate taxes were last made in 2006. Then, the Patrick Manning government raised the personal allowance for individuals to $60,000, and applied a fixed rate of 25 per cent tax on all chargeable incomes above that.
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Karen Nunez-Tesheira: They ill-treated my husband

By Andre Bagoo
January 13 2012 – newsday.co.tt

Prime Minister Kamla Persad-BissessarFORMER Finance Minister Karen Nunez-Tesheira yesterday for the first time revealed the personal reasons she had for taking her money out of the Clico Investment Bank (CIB) in December 2008, saying she did so in order to cut ties with Clico because her late husband Russell Tesheira – right up to his death in 2004 – had been badly treated by Clico and its former executive chairman Lawrence Duprey.
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Scandalous Wheeling and Dealing at CL Financial

Most shocking

Newsday Editorial
September 21, 2011 – newsday.co.tt

Lawrence Duprey and Andre MonteilScandalous is the word for revelations about the behind the scenes wheeling and dealing at CL Financial, the cooking of the books, the hiring of a convicted felon to serve as the group’s global representative and other dubious deals geared toward fulfilling one, single-minded objective: the establishment of a global empire.
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Delayed justice is a national joke

By Raffique Shah
June 12, 2011

Raffique ShahCIVIL lawsuits filed by the Central Bank last week against two of the most senior CL Financial directors, elicited scepticism across the country. Lawrence Duprey and Andre Monteil may now face the courts and answer wide-ranging allegations, from fiduciary irresponsibility to misappropriation of funds. The matters are now sub judice, so we cannot discuss them here, or anywhere else in the public domain.
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DPP Probes Duprey, Monteil

Lawrence DupreyDPP Probes Duprey
Attorney General Anand Ramlogan yesterday directed that all files coming out of the probe into the collapse of insurance giant CLICO be forwarded to Director of Public Prosecutions (DPP) Roger Gaspard to determine if criminal charges should be laid against former CL Financial executives Lawrence Duprey and Andre Monteil.
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Clico, Panday and the oligarchy

By Trevor Sudama
November 09, 2010 – newsday.co.tt

Basdeo PandayIt is said that those who do not learn from the lessons of history are condemned to repeat them. It is my view that it is a government’s duty to have a holistic view of the circumstances and situation of the various elements of the society and, in the light of that assessment, pursue the national interest which may be defined as the greatest good of the greatest number.
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Clico Policyholders: Pay Us 40% Upfront

By Lara Pickford-Gordon
October 25 2010 – newsday.co.tt

CLICO BailoutClico policyholders want 40 percent of their investment in the Colonial Life Insurance Company Ltd “up front” and the balance paid off in government bonds. Persons who wish to liquidate their bonds should be free to do so and there will be no “middle man.”

This proposal has been put to the Government and was yesterday endorsed by scores of policyholders attending a meeting at Woodford Square, Port-of-Spain to get an update on negotiations between their representatives and the government inter-ministerial team headed by Agriculture Minister Vasant Bharath.
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Truly a national insurance ‘scheme’

By Raffique Shah
October 10, 2010

CLICO BailoutNOT surprisingly, many Clico and CIB depositors were not excited over my column of last week. I thought I was being generous to those whose savings now seem to be “jumping up in steelband”. I referred to them as thrifty people. And I, too, would be ticked off if my savings, as small as they are, were threatened through the manipulations of corporate bandits.
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