Former head of CLICO Barbados Leroy Coleridge Parris was just released on $1.5 million bail.
He is currently in the District A Magistrates Court awaiting the arrival of his two sureties.
The former businessman of No 8 Dayrells Heights, St Michael, is accused of theft in relation to $3.333 million from CLICO International Life Insurance Ltd; conspiring to cheat the Crown by failing to submit income tax returns for the income year ending March 2010; conspiring to defraud CLICO and money laundering.
He was also ordered to report to the Glebe Police Station in St George and surrender his passport.
He is represented by Queen’s Counsel Hal Gollop, Michael Yearwood and Michael Lashley and attorney Neil Marshall.
A date has not yet been given for his return to court. (HLE)
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UPDATE: Parris has to report to the Glebe Police Station every Monday and Friday and is scheduled to reappear in court on November 19, 2020.
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