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No Tears

GERALYN EDWARD, [email protected]

No Tears

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LEROY PARRIS is getting no sympathy for his claim of hardship after revealing in court documents that he owned about $20 million in cash and assets.

The former CLICO president and executive chairman filed an application to the High Court asking it to reverse an order to freeze $4.5 million of his assets and those of his company Branlee Consulting, as the CLICO judicial manager tries
to get back $3.3 million it claimed Parris got in a fraudulent transaction.

Parris said the freezing order did not make provision for the living and business expenses of him and his company and the former executive contended that he was now facing hardship.

But June Fowler, chairperson of the Barbados Investors and Policyholders Alliance, said she was flabbergasted by Parris’ claim.

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Please read the full story in today’s Daily Nation, or in the eNATION edition.