straight to the point – from different points of view

Archive for the ‘CLICO Takeover’ Category

CLICO – a true story

This is a tale that is so far fetched that you would not believe it if you had not lived through it. It has the makings of a block buster television series with a seriously devious cast of characters that would do a mobster movie proud. Because […]

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A CLICO FoIA revelation

People like me who work with data professionally are vocal about the benefits of data for decision making and for understanding complex financial transactions. In T&T as elsewhere, following what is happening in the public sector is impossible without access to reliable data. That is why we […]

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Ground Report Interview re CLICO sale to Sagicor – Part 1

With kind courtesy of More FM 104.7 and the Ground Report Team. This is a recording of an interview on Thursday 19th March 2020.   Important Notice: The entire content belongs to the Ground Report Team. StraightTalkTT recognizes and asserts that all ownership rights over this material […]

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We must not allow CLICO to be buried

In an October 2014 article I wrote that the unwise means by which this country chose to rescue CLF/CLICO had created a legal Pandora’s Box. As far back as 2010 I had given interviews and written in the same vein. I was concerned that every day that […]

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The longest rescue

How did it come to this? After 11 long years, taxpayers are still waiting to be unburdened from the rescue of CLF/CLICO. We have billions of dollars tied up while government is unwilling or unable to pay its bills on time. They owe everyone from humble daily […]

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Confronting white collar crime

Today I start by expressing my sincere gratitude to two active and vocal advocates for transparency and accountability. They are as different as chalk and cheese but the results of their work have been nothing short of remarkable. In each case though, we the citizens of Trinidad […]

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CLICO – It started with a bang

It started with a bang. We were addressed by the three heavyweights – the Minister of Finance, the Governor of the Central Bank and the head honcho at CLICO. With sombre faces and solemn promises (soon to be forgotten), they informed us that CLICO had succumbed to […]

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Accountability ground zero

Mine has been one of many voices deploring the lack of accountability and transparency in the expenditure of vast sums of public money in Trinidad and Tobago. I have lamented the woeful performance of the THA for more than a dozen years, spending almost 30 billion dollars […]

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After the judgment

The Judiciary has spoken about the 20 billion plus dollar rescue of CL Financial by the taxpayer: There were financial irregularities There may have been overpayments The Coleman Report into the collapse must be published Culpable persons should be held to account I agree, and then some […]

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CLICO rescue at 10 – Part 6 – Who owes what

When I explained the convoluted nature of the Resolution Plan upon which billions of dollars were spent, I did not elaborate on the financial and accounting implications of this most unusual method of “rescue”. The Resolution Plan was designed to be the smoke and mirrors through which […]

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