Former Government House Leader Colm Imbert will not object to the plan by the new government of Trinidad and Tobago to launch a commission of enquiry into CL and the Hindu Credit Union (HCU).
However he thinks a forensic investigation is a better route to go.
Speaking with the Sunday Express newspaper, Imbert said, "Sometimes it (a commission) works, sometimes it doesn't,"
"It's not a forensic enquiry, it is about hearing the facts and drawing conclusions. A commission of enquiry will not take you to the end of the matter but will make recommendations based on findings, as we saw with the Uff report.
"You would get much further with a police or forensic investigation, if you wanted to do things like trace money and so on. But that is a judgment call.
"Commissions of enquiry are a lot of drama and very public but doesn't get you to the conclusion."
Imbert also told the paper former attorney general John Jeremie was pursuing criminal and civil investigations into Clico and CL Financial.
"The attorney general was engaged in some very detailed investigations of both a criminal and civil nature, I can't say that there would have been a commission of enquiry but I do know that the AG was doing some investigations," Imbert told the paper.
Imbert doesn't think locals should head the enquiry.
"That would be foolish. It would have to be someone from outside who has no interest whatsoever in Clico and the outcome.
However he thinks a forensic investigation is a better route to go.
Speaking with the Sunday Express newspaper, Imbert said, "Sometimes it (a commission) works, sometimes it doesn't,"
"It's not a forensic enquiry, it is about hearing the facts and drawing conclusions. A commission of enquiry will not take you to the end of the matter but will make recommendations based on findings, as we saw with the Uff report.
"You would get much further with a police or forensic investigation, if you wanted to do things like trace money and so on. But that is a judgment call.
"Commissions of enquiry are a lot of drama and very public but doesn't get you to the conclusion."
Imbert also told the paper former attorney general John Jeremie was pursuing criminal and civil investigations into Clico and CL Financial.
"The attorney general was engaged in some very detailed investigations of both a criminal and civil nature, I can't say that there would have been a commission of enquiry but I do know that the AG was doing some investigations," Imbert told the paper.
Imbert doesn't think locals should head the enquiry.
"That would be foolish. It would have to be someone from outside who has no interest whatsoever in Clico and the outcome.
"Someone from another country may present difficulties, as they would not be familiar with our culture and so on, but that would be the best way to go. My first thought was that it couldn't be someone in Trinidad and Tobago," the former cabinet minister said.
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