President of the CLICO Policyholders group, Peter Permell says he expects to receive correspondence from the Minister of Finance and Central Government by today, regarding an Express newspaper article that has highlighted plans to pay former senior CLICO executives just about 50 Million dollars.
Mr. Permell spoke with News Power Now this morning. He said if there’s any truth to the story, the decision does not make sense.
He highlighted the fact that CLICO policyholders are yet to be fully compensated.
Mr. Permell reiterated that no executive should be paid until the victims are fully compensated.
President of the CLICO Policyholders group, Peter Permell