He made the statement during cross examination of former CL finance director, Michael Carballo at the commission of enquiry into CLico and the Hindu Credit Union (HCU).
Frederick Gilkes said CL Financial executive chairman Lawrence Duprey wrote a letter and also held a meeting with Williams on January 13, 2009 to brief him on the difficulties facing Cl and its subsidiaries, including Clico.
Carballo met with Nunez-Tesheira on January 23 at which time the minister indicated that she was aware of the problems facing the conglomerate and that it was necessary to do something about it to prevent the crash of the group.
Gilkes asked Carballo whether he asked the minister how she learned about the problems. "There was no conversation about that," Carballo said.
Glikes sought to clarify the minister's situation. He told Carballo, "Now I am sure you know that there has been a lot of speculation in the Parliament, in the press and I imagine elsewhere about when precisely the minister knew about the problems in your group."
He asked, "Do you believe the gravity of the situation facing your group was conveyed to the Governor?"
Carballo responded that he felt that because of the serious financial problems facing CL he expected the governor to know what was going on and added that it is quite possible that he may have alerted the finance minister.
Gilkes said the "mystery" surrounding Nunez-Tesheira's knowledge of the situation was no mystery at all.
"I have to clarify these things because I think people are inclined to think some little birdie must have whispered these things into her ear and it was really the big birdie at the Central Bank," Gilkes asked.
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