Nation e-Edition

BARP: Govt too slow on CLICO, BAICO

BARP: Govt too slow on CLICO, BAICO CLICO Corporate Centre. (FP)

Fri, December 28, 2012 - 12:09 AM

The Barbados Association of Retired Persons (BARP) has strongly criticized Government for moving too slowly to resolve the money problems of CLICO and BAICO policyholders.

Since the collapse of the two insurance companies three years ago, BARP’s investment of $1/2 million has been in jeopardy.

“Our concern is that we are not seeing the sort of response from Government that we thought would bring us to some sort of satisfactory conclusion in the matter,” BARP president Edward Bushell told the WEEKEND NATION yesterday.

“We see in other jurisdictions the matter being settled and we can see no meaningful action at all in Barbados.” (GA)

Please read the full story in today’s WEEKEND NATION, or in the eNATION edition.

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Posted by Tony Webster 1 year, 10 months ago
Hmm…..34,000 voters…ummm... members. Well, that's how cookies crumble, ummm.. how cookies are cooked.

  • 0
Posted by Bim Bum 1 year, 10 months ago
Ummm...what makes BARP think that Government can or will resolve the CLICO losses?

The taxpayer is not happy
with us taxpayers bailing out the gamble that CLICO investors lost at!

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Posted by Orange Peel 1 year, 10 months ago
I agree with you Mr Bushell. All the government of Barbados is doing is nuff talk and no action. The Minister of finance is still at the starting line blind-folded waiting for the race to start, but the other Islands are almost at the finish line and he did not realize. He thought that they were now running to the starting line to start the race with him. What ever happened to the urgent meeting that he wanted convened in Barbados with the other Ministers of Finance to settle the matter before the end of the year? There are only three more days left in this year.
A messenger stole money from Clico and he is on remand.
The executive chairman did the same and he is walking about free.
What is the difference here?
I think the "justice" system would be pleased to inform us.

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