The former ownder of Sam Lord’s Castle, which became a CLICO investment eight years ago, is also crying foul of any application to seal the judicial manager’s forensic report of CLICO International Life (CIL) Insurance Company.
Thomas Grant, director of Grant Hotels Inc. which owned Sam Lord’s Castle before it went bankrupt around 2003, turned up at the Supreme Court yesterday, expressing concern that if the judicial manager’s report was sealed, then he would not be privy to issues involving the former St Philip luxury hotel in which CLICO had bought shares nearly nine years ago.
“The first forensic report showed that monies which were used to buy shares in Grant Hotels Inc had come from CIL and were monies with which CLICO Holdings sought to purchase an interest in Sam Lord’s Castle,” he told the DAILY NATION.
“We obviously would not have known where CLICO Holdings got its money from, but as a result of having that information and having checked other financial statements prepared by PriceWaterhouse, we realized that CLICO had claimed to have purchased all the property when in fact they had not paid all,“ he added.
