Guyana to oppose Bahamas liquidator stance on CLICO debt
President Bharrat Jagdeo says that the Government will challenge the classification that the liquidator of CLICO Craig Tony Gomez, is trying to attach to CLICO 's investment, where he wants to treat it as a related-party loan.
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#1 Apr 4, 2009
Now the issue is not about a classification, it is about 34M transferred to the Bahamas via Turks and Caicos to a US Bank Account privately held, just tell us who is the owner of the account and why it was sent under the guise of investment according to the papers given to our Minister of Finance by Ms Geeta Singh Knights ?, also why wasn't the policy included in the first set of "papers" handed over to the Honourable Minister of Finance?
Also how come institutional memory is important in this CLICO debacle and it wasn't in other agencies, ministries, etc.,?
Play as you go or make up as you go will land a lot of people in hot water ..please be so kind and check what the US Govt has done to the privately held bank account at the behest of the Bahamas Government?
The Emperor is wearing new clothes !
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