Sunday, April 21, 2024

Freeze on assets

Date:

Share post:

A HIGH COURT has frozen the assets of former CLICO boss Leroy Parris and his company Branlee Consulting Services Inc. to the tune of $4.5 million.

Justice William Chandler made the order on January 27 in an ex parte hearing filed by CLICO’s judicial manager, Deloitte Consulting Limited, against Parris, first defendant, and Branlee, second defendant.

The claim also names the estate of late Prime Minister David Thompson, represented by his widow, Mara Thompson, the executrix as the third defendant in the matter.

The order states: “If Leroy Parris (the first defendant) and or Branlee Consulting Services Inc. (the second defendant) fails to comply with the terms of this order, proceedings may be commenced for contempt of court. The first defendant and second defendant may be liable to have an order of sequestration made in respect of his/its or their property, and in the case of Branlee Consulting Services Inc. any of your directors may be sent to prison.”

Please read the full story in today’s Weekend Nation, or in the eNATION edition.

Previous article
Next article

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Update: Flash Flood Warning in effect for central districts

The Barbados Meteorological Services (BMS) has expanded its Flash Flood Warning to include the central part of the...

Flash Flood Warning in effect for northwestern districts

The Barbados Meteorological Services (BMS) has issued a Flash Flood Warning for the northern districts of Barbados, effective...

Dust haze advisory remains in effect for Barbados

The Barbados Meteorological Services (BMS) urges residents to be aware of an ongoing significant dust haze advisory. A...

Public cautioned against fake social media posts about President

Members of the public are being cautioned against participating in any schemes claiming to be in the name...