Sunday, April 21, 2024

Freeze on assets


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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.

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