The Barbados Court of Appeals has been asked to intervene in a matter in which CIBC FirstCaribbean International Bank told the former boss of CLICO Holdings (Barbados) Ltd, Leroy Parris, they intend to close the three accounts he holds with them. The matter is scheduled for hearing on Wednesday.
Last week, reliable legal sources told the SUNDAY SUN that Justice Jacqueline Cornelius turned down a request by lawyers acting for Parris to have the bank reverse its decision “to terminate its banking relationship”, which it first communicated to the wealthy business executive by letter on May 21, 2013.
It is understood the accounts hold at least several hundreds of thousands of dollars.
Apparently, the source explained, Parris sought relief from the court after repeated attempts by his lawyers, the sharing of correspondence with Prime Minister Freundel Stuart and Minister of Finance Chris Sinckler, and an “attempt” by Central Bank Governor Dr DeLisle Worrell “to use his good offices in an attempt to get the matter amicably resolved” failed to get CIBC-FCIB to reverse its decision.