Trinidad and Tobago's Newsday"A GROUP of Clico policyholders comprising mainly persons who invested more than $75,000 in the company’s controversial Executive Flexible Premium Annuity (EFPA) yesterday announced the commencement of legal action against the State over its plan to issue 20 bonds at a rate of zero percent interest.
In an immediate response, Finance Minister Winston Dookeran said he was “disappointed” by the latest development which will now cast a pall over the State’s moves to payout policyholders in time for Christmas."
In an immediate response, Finance Minister Winston Dookeran said he was “disappointed” by the latest development which will now cast a pall over the State’s moves to payout policyholders in time for Christmas."
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