Bajan PM a CLICO investor
(Barbados Nation) Prime Minister Freundel Stuart last night revealed he has a vested interest in CLICO not only as the head of Government but also as an investor in the collapsed company, and that his administration continued to pursue a resolution to the debacle.
Nearing the end of an almost two-hour presentation in the House of Assembly, Stuart also noted that CLICO would be discussed during next week’s CARICOM Heads of Government Summit in St Lucia, and that the company’s judicial manager would also make a presentation to Caribbean leaders.
“I am not an officious bystander to anything going at CLICO. I have an insurance policy at CLICO which I bought in 1985, and around 1998, I invested in a flexible premium annuity,” the Prime Minister noted.
“I have a deep interest in what happens at, and what becomes of, CLICO. But what I do not understand is this view that the problems of CLICO are to be offloaded and put at the doorstep of the Democratic Labour Party.”