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CLICO Shareholders hopeful payments will be Mentioned in 2015/2016 Fiscal Budget

CLICO Shareholders hopeful payments will be Mentioned in 2015/2016 Fiscal Budget

NEWS GRAPHIC 15CLICO minority shareholders advocate, Peter Permell on his Budget 2015/2016 wish list said he is hoping to hear when and how the Minister of Finance will pay CLICO shareholders, coming out of the debacle which occurred in 2010.

Permell speaking on a televised interview said he doesn’t expect much detail to be said about the findings of the collapse nor a total figure to be paid out, but he is hopeful the Minister will settle payment soon.

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Permell also said that CL Financial was being used to facilitate money to policy holders in the event CLICO
were not able to pay out shares.

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