Ramish and Leela
Tuesday, 14 June 2016 14:56

Decision needed on CLICO

Written by C News
Rate this item
(0 votes)

The Chairman of the CLICO Stakeholders Alliance, David Walker, says the Central Bank should relinquish control of CLICO now that circumstances have changed since it took control.

"After seven years, it saved the company then it does not any longer have the authority to control the company and it seems to me that the Act itself anticipates a point in time when the rescue has been sufficiently successful to say the company goes back to its shareholders."

Mr. Walker also told C News if the economy cannot continue to withstand the bailout, something has to be done.

"If the Government is of the view and the Central Bank is of the view that the economy is still at risk from CLICO, they ought to come forward and tell us so and explain to us why it is still such a risk after seven years and after $20 billion."

Read 460 times Last modified on Tuesday, 21 June 2016 09:17
  • Press Releases
It's the first full day of competition at the 2018 CAC Games in Barranquilla, Colombia, and several of our athletes
All roads lead to the Hasely Crawford Stadium tonight, for the final of the First Citizens Cup set for a 7pm kickoff.
Police Rugby Club made a strong start to the TT Rugby Football Union's (TTRFU) five-stage Women's Division Rugby Season
A fine batting display by Stacy-Ann King was not enough to help her team, Trident Sports Phoenix, avoid defeat against
The United States Embassy in collaboration with the Chaguanas Borough Corporation recently brought its four stop sports
Whenever there is a new sport in town, we at C Sport are all about giving it a try, and this was the case recently as
  • 1
  • 2