CLICO insurance agents were yesterday given orders to vacate the company’s Head Office on Camp Street, by former Chief Executive Officer of the company Geeta Singh-Knight. Singh-Knight was appointed as Assistant Manager to Maria van Beek, after the company was placed under Judicial Management in February.
Agents told this newspaper that they went to work as per normal yesterday morning, when they were told that they had to vacate the premises by yesterday afternoon. This left many agents infuriated and some saw it as a case of insult being added to injury. In March of this year, the two buildings which closed the agents on Lamaha Street and Irving were closed down and the agents were relocated to the Head Office. In April, the agents launched a protest over the non-payment of their commissions and about the manner in which they were being treated by the management of the embattled company. On that occasion, the agents complained that they had not received any of their commissions since January.
This newspaper understands that the payment of outstanding commissions remains unsettled.
CLICO (Guyana) was placed under Judicial Management on February 25 after CLICO (Bahamas) was put into liquidation. The Bahamian company held US$34 million of CLICO (Guyana)’s money, which represented 53% of the local company’s assets. This exposure put CLICO (Guyana’s) liquidity under enormous strain.
WHAT US34 MILLION INVESTMENT IT WAS A GIVEAWAY IN EXCHANGE FOR NO RETURNS.
Well, there goes my insurance claim! Is it me alone or did Mrs Knight mislead the entire country?
Oh what a conflict of interest. now Singh-Knight is being chosen as assistant to Van Beek. She needs so much assistance right now. The court is going to deal with her. The whole Clico issue, people are being misled. The Government dont care. The more suffer the more they run to Government. But hell no, we got the power. POWER TO THE PEOPLE. PEOPLE POWER. GOVERNMENT @#$%%%^^^ GOvernment.
Sorry to say, but guyanese at home are a docile lot, they just sits on their behind and don’t demand anything, not even a protest, and when others protest they are ridiculed and called all kind of names.
Amusing irony in this story. Ah wonder why we, including our leaders, complain and berate fellow CARICOM leaders when others treat our people like this (evict without notice, DEPORT, etc). We need to respect ourselves first before we can demand anyone to respect us. This type of behaviour can’t be condoned if we want to complain when others do it to us. Set an example. Put your money where your mouth is. Reign in people like Singh-Knight. Long, long list of others in GY that need to be reigned in, be accountable, transparent, respectful of ALL Guyanese. When we get that right, then let’s go after CARICOM with our “equal and fair treatment” (BS) arguments