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Wednesday, September 15

Dookeran urges CLICO investors to be creative

Trinidad Express Newspaper | Business: "'There is no such thing as a free lunch', and having taken on the liability of CL Financial, the government had to do some 'creative financial engineering' to recover money the State has spent so far to help the conglomerate, Finance Minister Winston Dookeran has said.
He said CLICO depositors could also use the money they are getting back from their investments in the collapsed insurance giant over the next 20 years, cash it in and invest the money in something else.
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