LEROY PARRIS has failed to persuade the court to unfreeze the $3.3 million at the centre of a legal battle and the Chief Justice has said the insurance company Parris once headed is entitled to the money.
In another twist in the legal wrangling since the collapse of the regional conglomerate Clico International Life Insurance (CIL), Chief Justice Sir Marston Gibson, sitting in the High Court on Monday dismissed Parris’ attempt to regain control of the money in a fixed deposit account at Scotiabank.
“The Bank of Nova Scotia is directed, until the further order of the court, to maintain the $4 500 000 in term deposit . . . held in the name Branlee Consulting Services Inc,” the Chief Justice stated.
In addition, the court removed the estate of David Thompson from the list of defendants against whom the action had been brought. In an earlier application Justice William Chandler had granted the judicial managers of CLICO the freezing injunction against the account in the name of Parris and his Branlee company.
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