The main opposition party asked, when will the President authorise a full independent investigation of the apparent mismanagement, malfeasance and downright illegalities which contributed to the demise of CLICO (Guyana)?
Chief Justice (Ag), Ian Chang, according to a recent report, ordered that the Bank of Guyana be appointed as liquidator to execute the wind-up order and this is expected to pave the way for the government to make good on its assurance of guaranteeing the policies and investment held by Guyanese in CLICO.”
The PNC/R expects that, given his proactive functioning as the Liquidator of CLICO (Guyana), the President has taken note of the fact that, “The Chief Justice referred to the investment move as an “illegal transmission,” saying that from all appearances the company has little or no chance of recouping the US$34 million it transmitted to its sister company, CLICO (Bahamas).
The PNC/R stated that President can count on tit’s full support to expeditiously undertake the above independent investigations.
