Former Minister in the Ministry of Finance Mariano Browne says the Central Bank used Gerald Yetmin and Carolyn John as scapegoats in this latest CLICO debacle.
Over the last two weeks allegations have been swirling that former directors of CLICO who may have contributed to the collapse of the insurance giant, have been paid monies owed to them.
The Central Bank Governor Jawala Rambaran has since defended the move saying the Central Bank cannot legally withhold payments from the directors. However, on Friday Mr. Rambaran issued termination letters to both Yetmin and John followed by a release stating that they had not followed instructions from the bank.
Speaking on the Power Breakfast Show on Power 102.1fm this morning Mr. Browne said the Central Bank was just trying to save face for its own error.
Mr. Browne said the Central Bank had more than enough time if it wanted to take action against the other directors.
Mr. Browne also commented on the FIFA scandal including former Minister of National security and Independent Liberal Party leader Jack Warner. According to Browne it will be extremely difficult for Mr. Warner to avoid the charges leveled against him.
Mr. Browne said he does not understand people’s desire to protect Mr. Warner because whatever Mr. Warner did for football was self-serving.
Former minister in the Ministry of Finance Mariano Brown.