Clico policyholders want answers as new payout plan kicks in

Port-of-Spain: The United Policy Holders Group have signalled their intention to begin judicial review proceedings against the Cabinet of Prime Minister Kamla Persad-Bissessar to seek redress from EFPA policy olders from the high court.

Attorney for the group Ramesh Lawrence Maharaj is accusing government of using its majority in Parliament to pass a law to try to prevent depositors from accessing the courts to recover the monies due from the government on their policies.

Maharaj says that law does not prevent the court from exercising its special jurisdiction in judicial reviews applications against the Cabinet.

He explains that the group's deision to seek judicial review follows the advertisement from the Ministry of Finance advising EFPA policyholders of payments to begn on December 1st.

Maharaj contends that if the policyholders accept the governent's offer they would waive their rights to recover the full sums of monies due to them.

He says the group would file the judicial review action on Wednesday on the grounds that the government acted unlawfully.