Friday, November 9, 2012

Police probing former Clico executives

Police are conducting a criminal investigation against former CLICO executives and several corporate entities aligned to the collapsed insurance giant. A special team comprising members of the Anti-Corruption Investigations Bureau and the Fraud Squad is conducting the probe, which began last week.

Director of Public Prosecutions Roger Gaspard announced the details of the investigation in a media release Thursday. 

Gaspard urged the media to be careful about reporting issues relating to the matter, noting that they "should not publish or broadcast anything which might jeopardise, hinder or otherwise prejudice the investigation or any possible proceedings which might result from it."

Gaspard said in the release, "I remain mindful of competing public interest factors including the fair trial rights of potential defendants, the freedom of the press and the requirement of open justice.” 

More than two years ago, Attorney General Anand Ramlogan told reporters he had sent the DPP reports and files of the investigation into allegations of wrongdoing at Clico and CL Financial.

On Thursday, he said he knows that a criminal investigation has been launched. "I pledge my fullest support for this important investigation and shall commit to providing the necessary resources to facilitate it," Ramlogan told the Guardian. 

He said revelations from the Clico/HCU enquiry “have prompted much public concern.” 

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Jai & Sero

Jai & Sero

Our family at home in Toronto 2008

Our family at home in Toronto 2008
Amit, Heather, Fuzz, Aj, Jiv, Shiva, Rampa, Sero, Jai