Stabroek News "CLICO (Bahamas) Ltd was on Tuesday ordered liquidated raising serious concerns here as the company held 51% of CLICO (Guyana’s) assets at the end of 2007 and sources last night said the government could move to the courts as early as today to protect the interests of local clients.
It is unclear what the figure held by CLICO (Bahamas) was at the end of December, 2008 as accounts for that year are not yet available and CLICO (Guyana) has not volunteered any details. Importantly, CLICO (Guyana) holds $6B for the National Insurance Scheme (NIS) and that would be one of the major concerns of the authorities here."
It is unclear what the figure held by CLICO (Bahamas) was at the end of December, 2008 as accounts for that year are not yet available and CLICO (Guyana) has not volunteered any details. Importantly, CLICO (Guyana) holds $6B for the National Insurance Scheme (NIS) and that would be one of the major concerns of the authorities here."
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