The fallout from the gigantic fraud at the Jamaican investment firm Stocks and Securities Limited (SSL) that wiped out more than US$12 million (BDS$24 million) from global athletics icon Usain Bolt, is still occurring.
The investment firm, which touts a corporate slogan of “Experience Financial Freedom, with SSL”, is now reeling from this scandal.
The mind-boggling fraud has cast a pall over
By Carlena Knight Carlena.knight@antiguaobserver.com It has been almost five months since Prime Minister Gaston Browne threatened to take legal action against Trinidad and Tobago over outstanding settlement payments by the British-American Insurance Company (BAICO) and Colonial Life Insurance Company Limited (CLICO). And it seems as if nothing will be done…
Colonial Life Insurance Company (Clico) has paid off $17.3 billion in debt, inclusive of interest, to the government and is looking forward to creating new business and continuing to serve its policyholders. This was revealed by Clico's executive chairman Claire Gomez-Miller at a press conference at the Central Bank, Port of Spain on Tuesday morning.