A group representing some agents and customers of Clico has sent letters to Finance Minister Winston Dookeran and Prime Minister Kamla persad-Bissessar suggesting that the government pay depositors their full investment in five years instead of 20 years.
In addition, the group is asking the government to prosecute the senior officials of the company who caused the collapse.
Solomon Hem-Lee, a sales representative and chairman of the South Action Group, told reporters his group 16 agents and their clients, noting that one agent has 500 cleints.
He explained that his group is not linked to the CLICO Policyholders Protection Association, which is represented by former Attorney General Ramesh Lawrence-Maharaj.
Hem-Lee said 10,000 people will benefit from the $75,000 payment, but 25,000 citizens will be paid in the form of the 20-year bonds.
The agents also want the report on Clico conducted by forensic expert Bob Lindquist to be made public.
Hem-Lee said all "instruments" sold were approved by the regulators of Trinidad and Tobago. He said CLICO workers were ready to protest if Government did not back down on its plans.
No comments:
Post a Comment