Layne not afraid to do his job


WILLIAM LAYNE makes no apologies for his handling of the CLICO issue and says he would not be intimidated.

Layne, permanent secretary in the Ministry of Finance, has clashed publicly with Leroy Parris, CLICO Holdings (Barbados) executive chairman, since being appointed chairman of a Government-established Oversight Committee last year to find buyers for three CLICO subsidiaries.

CLICO is a member of the C L Financial Group in Trinidad that collapsed last year, resulting in a billion-dollar bailout by the Trinidad government.

In an interview with BARBADOS BUSINESS AUTHORITY, Layne said he was prepared to do his job “without fear or favour”.

Furthermore, he said any relationship between Parris and Prime Minister David Thompson was “not a concern of mine at all”. .


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