In the Govt’s hands

Wed, March 21, 2012 - 12:04 AM

GOVERNMENT HAS BEEN issued with an official copy of the controversial forensic audit report into the operations of CLICO International Life (CIL).

In a statement yesterday, CIL’s judicial manager Deloitte Consulting said that in keeping with the directions of the High Court, a copy of the report had been delivered to the Financial Services Commission (FSC).

The statement did not say precisely when the report was issued to the FSC, but it explained that based on a court order, dated February 20, leave was granted to the judicial manager to share the report with the FSC, as well as similar regulatory agencies in the eight other territories in which CIL operates.

These are Anguilla, Antigua, Dominica, Grenada, Montserrat, St Kitts, St Lucia and St Vincent.

The clear-the-air statement by Deloitte came in response to comments made in the Senate on Monday by the Leader of Government Business Senator Maxine McClean, which were reported on Page 23 of yesterday’s DAILY NATION.

Read the full story in today's MIDWEEK NATION.

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Posted by Mel B 1 year, 2 months ago: But really how does government think we are if almost the whole of barbados knows of the report and have read the extracts in the Nation newspaper ...how is it that the so called heads the authorities of government are denying ever reading it maybe they should spend less time boasting of unofficial rihanna deals and figure out how to resolve this issue that has so many Barbadian households in serious trouble...Give us answers not foolish promises!!!! We want action Now!!!!! Transparency is what differentiates a democracy from a Dictatorship.....i am just saying