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No time for any victory celebration

by | Jun 24, 2014

Peter Permell_3Chairman of the CLICO Policyholders group, Peter Permell has said that the group will be taking its case to the Privy Council.

Yesterday, attorney for the group, Ramesh Lawrence Maharaj said he will file an appeal with the Privy Council in the next few days

He made the statement following a judgment by the Court of Appeal stating that the Government is not obliged to pay shareholders all of their money.

Mr. Permell said it is not a time for any victory celebration.

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He is also concerned that assets from CLICO are being sold off and no information is being made available to the public.

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Mr. Permell said the sale of CLICO assets should be conducted with transparency since taxpayers have a right to be well informed.

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