(Barbados Nation) The Barbados Investors and Policyholders Alliance (BIPA) says it appears Government is back-pedalling on promises to them.
And the group has launched a radio ad campaign to make it clear that despite a recent Deloitte forensic audit pointing a finger at CLICO directors in the insurance company’s collapse it will not be sidetracked from focusing on who it believes is responsible for paying them back – Government.
“We recognise that there seems to be a strategy to maybe make us shift focus from the Government being responsible, through the FSC [Financial Services Commission], to the CLICO directors, based on what was revealed in the first audit report,” BIPA chairman June Fowler told the SATURDAY SUN as the first of the advertisements went on air yesterday.
Minister of Finance Chris Sinckler said back in January that with hundreds of millions of dollars in high-interest CLICO investments becoming due later this year, a June deadline had been set for resolving the matter.
