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Government’s attempts to liquidate CL Financial met with strong objection

Ferdie Ferreira

Condemnation of Government’s decision to liquidate the assets of CL Financial and CLICO has been coming from all corners.

Since the announcement was made at last week’s post cabinet media briefing by Finance Minister, Colm Imbert who confirmed government’s intent to go to the court in a bid to appoint provisional liquidators with respect to CL Financial, many have been voicing their concerns for the implications that this move might have.

Among them, PNM stalwart Ferdie Ferreira; speaking with Andy Johnson this morning here on Power 102.1fm he highlighted his position on the issue.

Mr Ferreira also drew reference to similar cases which have been resolved without such drastic measures.

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