The Trinidad-based CL Financial has been wooing the Guyana Government to allow the insurance company to resume its business there.
Finance Minister Winston Jordan and CL Financial chairman Lawrence Duprey held talks last week, and the minister said the Trinidadian businessman “would like to renew his relationship with Guyana as well as publicly apologize to Guyanese for the collapse of the insurance giant”.
A statement from the Ministry of Finance following the meeting quoted Duprey as saying that CL Financial has promised to try to make amends for the approximately US$40 million debt owed mainly to the National Insurance Scheme (NIS).
Jordan has advised Duprey that he will discuss the matter with Cabinet. But former president Bharrat Jagdeo made it clear at a news conference this week that there should be no red carpet treatment for CLICO since investors and policyholders are still awaiting their outstanding monies.
Caribbean countries, including Guyana, have said their citizens lost millions of dollars in the collapse of CLICO.
