The Rock Opera :  Nitrax Phorum Nostradamus - The Rock Opera
Discuss the rock opera here 
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
http://www.footlockershop.us@#$%&/Nikerosheoneflyknit/ shwjsgqz
Posted by: dfr3xcda16 (IP Logged)
Date: April 17, 2017 08:37AM

During the recent debate on the Colonial Life Insurance Company, CLICO (Guyana),[url=http://www.cheapjerseysnear.us@#$%&/]wholesale jerseys[/url], the issue of the motive behind the sale of its bonds tied into the Berbice Bridge to the New Building Society surfaced with chilling suspicions.Opposition speakers questioned whether the Government was willing to provide a forensic audit into the affairs that facilitated the sale. They added that the issue of insider trading should be investigated, given that,[url=http://www.cheapjerseysnear.us@#$%&/]cheap nfl jerseys online[/url], between the sale of the bonds for some $1.4B and the move to the court by the Commissioner of Insurance, there was a rush on CLICO by people seeking to recoup their deposits and investments.Mover of the Motion, Robert Corbin, called for an investigation specifically into whether insider information was used,[url=http://www.cheapnfljerseysmr.us@#$%&/]NFL Jerseys Outlet From China[/url], and who were the persons that benefited from the sale of bonds by CLICO.He posited that surely all of the beneficiaries would have been privy to insider information,[url=http://www.cheapjerseysnear.us@#$%&/]jerseys nfl wholesale[/url], but there needs to be an assessment of the level and rate of payout which might suggest that all may not have been well.Alliance for Change Leader Raphael Trotman,[url=http://www.footlockershop.us@#$%&/Nike-roshe-one-hyp-qs/]http://www.footlockershop.us@#$%&/Nike-roshe-one-hyp-qs/[/url], prior to the CLICO debate,[url=http://www.cheapnfljerseysmr.us@#$%&/]Cheap NFL Jerseys Supply[/url], had called for an independent investigation into whether the company was allowed to flout the law following the recommendations from the Commissioner of Insurance more than a year ago that it repatriate investments abroad above the stipulated limit.According to Trotman, the nation needs to know the answers to the apparent inefficiency by the regulator to have CLICO flout the law for such an extended period of time.“Was it deliberate?” Trotman questioned.During the debate he pointed out that that there is also the pointed question of whether there was any abuse of insider information which allowed a select few to withdraw their money from CLICO prior to the move by Government.Trotman added that the question of how many persons were exposed to a possible loss of their resources was still unclear.CLICO (Guyana) sold its shares in the Berbice River Bridge to New Building Society a mere two weeks ago prior to the move to the Courts for Judicial Management by the Commissioner of Insurance.It was explained that the move came as depositors were making a rush to collect their money from CLICO (Guyana) following reports that the parent company, CL Financial, as well as the various CLICO assets in the Caribbean,[url=http://www.footlockershop.us@#$%&/Nike-roshe-one-flyknit/]http://www.footlockershop.us@#$%&/Nike-roshe-one-flyknit/[/url], was being frozen or divested.The problem of liquidity thus forced CLICO (Guyana) to move to dispose of some of its short-term assets to satisfy the need for immediate cash.Withdrawals by policyholders between the sale and the move to the courts amounted to about $1.4B.



Sorry, only registered users may post in this forum.
This forum powered by Phorum.