No move by Government to wind up CLICO

Caption: Minister of Finance, the Honourable Colm Imbert. (Photo courtesy ttparliament.org)

July 13, 2017: The Ministry of Finance has taken note of the headline in the Daily Express Newspaper of Thursday 13th July, 2017 ‘’Wind up CLICO – Gov’t seeks to recover $15b’.

It must be clarified that the Government’s move to appoint a Provisional Liquidator is not to ‘wind up’ CLICO, as the company remains fully under the control of the Central Bank of Trinidad and Tobago.

In its petition to the High Court, the Government is seeking to obtain from CL FINANCIAL, all money owed to the taxpayers of Trinidad and Tobago.

 


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For further information please contact:

The Corporate Communications Unit

Ministry of Finance

868-612-9700 ext 2804 -2809

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