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CLICO Policy Holders ask for financial statements

CLICO 2 The CLICO Policy Holders Group is again asking for a financial statement into the collapsed company…

In an interview with Newspower Authority today, group member Peter Permel said it seems government has something to hide, as it continues to delay making public a financial statement into the company since 2008.

He said to date government remains the major shareholder in Clico, in addition to owning preferred shares, and since its collapse Clico’s assets have appreciated…

Mr. Permell is questioning why the finance minster continues to declare that the company is bankrupt when in fact its assets and liabilities are at equivalence.

Mr. Permel also disclosed that there is word that the Clico issue will be raised in Parliament tomorrow…

He says he will be at the Red House to hear government’s next move…

 

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