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$5M PUZZLE


TIM SLINGER

$5M PUZZLE

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TWO FORMER Central Bank Governors are puzzled about the circumstances which have allowed former CLICO boss Leroy Parris to have a $5 million cash account with the Bank.

The SUNDAY SUN has learnt that on June 3, 2013, the Royal Bank of Canada, which declined to continue a banking relationship withthe retired insurance executive, deposited, on instructions, a $5 million banker’s cheque to an account at the Central Bank in the name of Parris.

On the same date, the bank, in closing Parris’ account, also deposited another banker’s cheque for $4.5 million to an account at the Bank of Nova Scotia.

Please read the full story in today’s Sunday Sun, or in the eNATION edition.

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