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Money coming, Clico policy holders told

 

Published on: 2/6/2010.


PORT-OF-SPAIN - Depositors in CL Financial will get their money as promised, says Trinidad and Tobago's Finance Minister Karen Nunez-Tesheira. She has also promised to give a full status report on the beleaguered company in the "very near future".

Speaking at a post-Cabinet news conference at the Diplomatic Centre in St Ann's on Thursday, the minister said government had so far pumped TT$2 billion (BDS$615 366 million) into the company.

However, she did not give a full explanation for the recent exodus of high-level managers at the troubled conglomerate. Among those who have resigned are Steve Bideshi, Michael Carballo, chairman Dr Euric Bobb who stayed on as a director, and most recently CLICO managing director Claude Musaib-Ali. (SP/Trinidad Express)

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